04 Jan Hong Kong Disneyland Expansion
Walt Disney Company-affiliated theme park, Hong Kong Disneyland has yet to turn a profit since its opening in 2005. With a net loss of $92.3 million last year alone, Disney’s newest and smallest theme park is looking to expand with a $468 million three-part venture. With concerns of future competition from Shanghai’s own Disneyland opening in 2015, Hong Kong Disneyland has called for bold moves to expand quickly in order to attract guests.
48% owned by Disney and 52% by the Hong Kong government, the three-phase Hong Kong Disneyland expansion will feature a new Toy Story Land, Magic-Kingdon-style “Grizzly Gulch” and “Mystic Point” attractions scheduled for completion by 2013. Toy Story Land, Disneyland’s first new attraction recently opened on November 17, 2011. Based on Paris’ Walt Disney Studios Park, the Toy Story-themed zone features an assortment of main attractions including RC Racer, Slinky Dog Spin and Toy Soldier Parachute Drop. The second themed area, “Grizzly Gulch” is scheduled to be completed and opened to the public in 2012 followed by “Mystic Point” opening in 2013. Link, Link
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