Hongkong Disneyland Gets $1.4B Upgrade In 2018; Adding Frozen, Marvel Superheroes Themed-Parks And More

By R. K. Gilos - 23 Nov '16 18:12PM
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The Walt Disney Co. and Hong Kong Disneyland are proposing a $1.4 billion extension of the southern Chinese city's Disneyland resort this 2018 that incorporates the organization's first themed-parks from the movie ''Frozen'' and Marvel superheroes themed-parks.

The extension of Hongkong Disneyland is a piece of the Hong Kong's Phase I advancement. The extension and improvement plan will keep running from 2018 until 2023, with new attractions for guests to be launched every year.

The expansion will incorporate a whole segment themed around the film "Frozen," a first for any Disney park. Disney also plans to additionally require a giant amped-up mansion, different rides in view of Marvel superheroes, another evening show with fireworks and wellsprings, and an execution scene based on the upcoming movie "Moana".

Hong Kong Disneyland, the company's smallest park, has been recently hit by slow economy and tourism advertises marking its first misfortune in four years in 2015. It cut an unspecified number of employments prior this year. The Hong Kong resort additionally confronts rivalry from other amusement park administrators battling for territory Chinese guests, including Dalian Wanda, which proposes to spend billions of dollars to dispatch no less than 20 tourism parks in China.

Lately, Hong Kong Disneyland utilized more than 5,300 full-time and 2,500 part-time maintenance staff, making it one of Hong Kong's biggest managers, as indicated by its Annual Business Review for the financial year 2015. Disney said the extension will make 3,500 more employments and inevitably bring another 600 occupations inside the park.

The extension nonetheless highlights Disney's confidence in Hong Kong Disneyland as a potential profit machine not similarly as an amusement park but rather as a maker of interest in China and Southeast Asia for the organization's films, toys, garments, computer games, books, excursions and TV programs.

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