Two weeks after Walt Disney Co. launched a bailout of struggling Euro Disney, another international Disney resort revealed that its financial woes grew last year.
Hong Kong Disneyland reported a second consecutive annual loss on an 11% drop in attendance and a 7% decline in revenue. The $22-million loss for the fiscal year ended Oct. 1, compared to a $19-million loss in fiscal 2015.
The company attributed the slump to a softening tourism market and an unfavorable comparison to the previous fiscal year, which was a week longer.
Park attendance fell to 6.1 million in the most recent fiscal year. In fiscal 2014, Hong Kong Disney’s...