Hong Kong Disneyland said yesterday it has drawn more than 5 million visitors in its first year of operation, just below the 5.6 million people it had hoped for.
Bill Ernest, managing director of the theme park, the first in China and the fifth Disney park in the world, said the park could reach the 5.6 million visitor target in the original annual forecast by October.
"We have exceeded well over five million guests since we opened last year," he told reporters ahead of the park's first anniversary since it opened on Sept. 12.
He expected attendance, including free tickets given to employee family members, to reach 5.6 million by the end of October.
"We had a slow start and there were some marketing glitches in the early days. But we are very encouraged that all major indicators suggest that we are moving in the right direction to accomplish what we set out to achieve strategically," Ernest said.
PROBLEMS
The park, owned 57 percent by the local government in a joint venture with Walt Disney, has experienced a number of problems since it opened.
In February this year, hundreds of ticket-holders, many of them mainland Chinese visiting the resort during the Lunar New year holiday week, scuffled with staff, climbing over the gates after being told the park was full.
Ernest said the park has recorded much stronger growth in the second half than the first with 60,000 summer passes being sold.
The park has had a number of initiatives to draw customers during the year including issuing summer passes, which allow unlimited visits throughout the summer months.
Between July and the end of last month, the park recorded 20,000 to 30,000 visitors every day, the maximum amount the park can hold, with half of those visiting coming from mainland China.
"We have solid summer attendance. We are making very good progress," he said, adding the park will be launching annual passes by the end of the year.
He would not disclose how much profit the park has made during the year.
"We are positioned well for future growth," he said, adding hotel room occupancy was at between 75 to 80 percent.
NO FORECAST
Ernest also declined to give an attendance forecast for next year, saying it has a "very solid growth target."
He also denied that Disney is building China's second park in Shanghai, although officials have said Shanghai has begun to prepare for a US$3.75-billion Disney theme park while awaiting for the central government's approval.
"We do not have any kind of a deal with the park in Shanghai," he said.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle