It took seven years and a little help from Toy Story and Grizzly Gulch, but Hong Kong Disneyland has finally broken into the black.
The theme park, which opened in 2005 amid much fanfare and hopes of cashing in on the rising middle-class in mainland China, said Monday that it posted its first annual profit in the fiscal year that ended Sept. 29.
The earnings of $14.1 million reversed a loss of $30.6 million in the prior 12-month period. Revenue jumped 18% to $550.7 million as attendance rose 13% from the prior year to a record 6.7 million visitors.
There was a 13% increase in the number of tourists from mainland China, who make up close to half the total.