HONG KONG (AP) — Hong Kong Disneyland says it was profitable for a second straight year in 2013.
The theme park in the southern Chinese city said Monday that profit more than doubled to 242 million Hong Kong dollars ($31 million). Revenue climbed 15 percent to HK$4.9 billion as visitors rose 10 percent to a high of 7.4 million.
The park had struggled after opening in 2005, with its poor performance blamed on its small size. But it turned the corner in 2012 thanks to new attractions that drew more visitors, especially from mainland China.
It announced plans to build a third hotel. The 750-room hotel will cost HK$4.3 billion
The Hong Kong government owns 52 percent of the park, with the Walt Disney Co. owning the rest.