I stayed in Hollywood Hotel for 3 nights in 2016. I will be staying in HK
Disneyland Hotel and Explorer Lodge in 3 weeks. I will take the poll after I return. Based on just my researching online, I would vote for Explorers Club.
I chose Hollywood Hotel last time since it was so much cheaper than HKDL Hotel. It’s our first visit to HKDL, so we would not be staying in the hotel much. It served the purpose of being close to the park. However, its dining options are limited. We ate dinner at Enchanted Garden so we were not eating at Chef Mickey again. Studio Lounge was expensive with a limited menu. I ate the most expensive curry beef brisket soup noodle with HK fast food quality. I am not a burger/sandwich person. We had breakfast at Hollywood and Dine on our last day and it was ok. We didn’t use any other amenities (the pool or free arcade). The decor was underwhelming. Service was attentive and up to Disney standard though.
Explorer Lodge seems better themed and more fun with 3 interesting dining venues that we plan to try them all on this trip. It’s also cheaper than HKDL Hotel. That’s why we will be spending two nights there. We have a late flight leaving Hong Kong, so we can explore the hotel a bit before heading to the airport if we can stand the heat outside.
Also, I decide to splurge on spending one night in a Kingdom Club room this time. HKDL Hotel definitely has a more elegant feel and we love Crystal Lotus. Can’t wait to try the Disney dim sum again! I justify the extra costs with having all the perks: reserved seating for Mickey and the Wondrous Book, 4 Priority admission passes and money saved on two meals, dinner and breakfast. If we were a family of 4, the Kingdom Club Room would definitely be our choice with savings on food, special character meets, closest to the park and piano in the lobby. Yet it’s only me and DD who doesn’t drink. I guess I can justify my over-drinking in the lounge as a way to get my money’s worth!

We will begin our adventure with Disney dim sum for lunch and then spend the rest of our arrival day enjoying the hotel amenities. It will be a relax day without the park.
I will definitely return to report, thinking of a live report of some sort since I would be busy at work after the trip. HKDL had so much to offer. Yet there is not much info or trip report on Disboards. Hope this helps for now!
Have fun planning!!