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The Walt Disney Company’s smallest theme park resort, Hong Kong Disneyland, which lost money amid declining attendance last year, will get USD 1.4 billion in enhancements as part of a colossal six-year growth plan. The upgrades will include an entire section themed around the animated movie “Frozen”. Plans also call for a hugely amped-up castle, multiple rides based on Marvel superheroes. Construction will begin in 2018 and conclude in 2023, with new offerings coming online almost every year during that period. The plans are subject to final approval by the Hong Kong Legislative Council and the Disney board. Like its entrenched local rival, Ocean Park, whose attendance dropped about 5% last year to 7.4 million, Hong Kong Disneyland was hurt by a sharp decline in tourism from mainland China after pro-democracy demonstrations in Hong Kong in 2014. Walt Disney's Shanghai theme park Shanghai Disney Resort also planned to build new themed area Toy Story Land which will be open in 2018. |
