Hong Kong's overall labour force has declined in recent years, and some industries are facing recruitment, which is even more in need of salary increases to grab talents. With the lifting of social distancing measures, the gradual return of visitors to Hong Kong, and the completion of new parks, Hong Kong Disneyland announced today (15 December) plans to hire another 1,000 people, although acknowledging the problems of labor supply in Hong Kong, but believing that young people are willing to join as a part, for example, 2 people were hired on the spot at the job fair in February. The Park stated that it has no plans to raise the price at this time, nor does it have any plans to seek funds from shareholders.

▼May 5 Disneyland announces annual results▼

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On February 2, the large-scale job fair hired 2 people on the spot

Although Hong Kong Disneyland was closed for nearly three and a half months in the 2022 financial year, with the maximum number of visitors and social distancing measures, the annual operation period was only six months. However, there were no layoffs under the epidemic, but a large-scale job fair "Disney Dream Creator Open Day" was held on February 2 this year, and the starting salary point was about 2% higher than before the epidemic in 2019.

Hong Kong Disneyland Resort CEO Mok Wai Ting said that the job fair held in February was very well received, with 2 people recruited on the spot, and as the "Snow" theme park will open in November this year and will operate 300 to 11 days a week in the middle of next month, he believes that the park is on the right track and believes that there will be improvement this year, so he plans to hire another 6,7 people, including cast members and hotel staff.

▼February 2 Disneyland held its first large-scale job fair▼

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Mr Mok believed that there was no doubt about the labour supply problem in Hong Kong and suggested that the Government and the business sector needed to work together to solve it. However, he is glad that the park has been ranked as one of the most attractive employers in Hong Kong by local university students in 2022, saying that young people are willing to become part of the park and expect to hire more professionals.

There are no plans to seek capital from shareholders

In terms of price, Mok Wai Ting said that it has offered two different ticket price options and maintained the initial ticket price, while there are no plans to increase the price for the time being, nor any plans to seek funding from shareholders. Asked when he was expected to turn a profit, he did not answer positively, saying only that the market is still recovering, the aviation industry is gradually increasing passenger capacity, will manage costs carefully, and stressed that the future cannot be predicted without a crystal ball.

As for Shanghai Disneyland, Mok said that he did not see it as a competitor, believing that the two places can bring complementary effects and expand Disney's fan base. In addition, he said that the reservation system will be retained and believes that the number of visitors can be effectively managed.

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