Chinese firm to acquire 25 per cent of Huis Ten Bosch | attractionsmanagement.com news
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs . News . Features . Video . Products . Magazine . Handbook . Advertise . Contact us  
NEWS
Chinese firm to acquire 25 per cent of Huis Ten Bosch
POSTED 04 Dec 2018 . BY Luke Cloherty
Chinese investment conglomerate Fosun Group is to acquire almost a 25 per cent stake in Japanese theme park operator Huis Ten Bosch Co, following an investment of an undisclosed sum.

Fosun Group will assume 24.9 per cent of the operator as it looks to attract more Chinese visitors to its theme park, Hui Ten Bosch, in Nagasaki Prefecture.

Meanwhile, Japanese travel agency HIS will remain the operator’s majority shareholder with a 50.1 per cent stake, while the remaining 25 per cent is held by five companies based on the Japanese island of Kyushu.

In its fiscal year ended September 2018, traffic at Huis Ten Bosch was at 2.7 million visitors – down roughly 6 per cent from the previous year.

As such, Hideo Sawada, founder and chairman of HIS, said he feels that the park is "experiencing sluggish growth" and thus "needs a change".

The number of visitors to the theme park has been on the wane since the early 1990s, and Huis Ten Bosch Co's finances have suffered in part due to this, as well as to an unprofitable real estate business.

The company declared bankruptcy in 2003 but Japanese brokerage Nomura Group briefly resurrected it before the global financial crisis in 2008 again caused difficulties. Eventually, HIS took over in 2010 and has been slowly getting it back on its feet.

Last year, 7.4 million Chinese visitors arrived in Japan. This accounts for a quarter of the total visitors to the country and goes some way to explaining the move to attract more Chinese to the park by getting Fosun Group on-board.

Equally, Fosun Group has previous in investing in the Japanese attractions market, having acquired Hoshino Resort Tomoamu in central Hokkaido for ¥18.3bn (US$2.7bn, €2.3bn, £2.1bn) in 2015.
MORE NEWS
Lionsgate announces details of rides and VR experiences for Chinese theme park
New information has been released about the rides and virtual reality experiences planned for movie producer Lionsgate's new Chinese theme park, Lionsgate Entertainment World, which is set to open in July.
Herzog & de Meuron to design new riverfront home for historic Tennessee museum
The Memphis Brooks Museum of Art in Tennessee has appointed Swiss architecture practice Herzog & de Meuron to design "Brooks on the Bluff", its new US$105m (€93.9m, £82.6m) home.
Cloward H20 complete US$150m waterpark for Marriott's Turnberry Miami Resort
Aquatic design specialists Cloward H2O have designed a US$150m (€134.8m, £118.6m) waterpark for the JW Marriot Miami Turnberry Resort and Spa in Aventura, Florida.
Airbnb teams up with 23andMe to promote DNA-based heritage travel
Online travel marketplace Airbnb has teamed up with genetic testing company 23andMe to make the finding of heritage travel experiences based on DNA tests simpler.
+ More news   
LATEST JOBS
Interpretation and Engagement Manager
Chatsworth House
Salary: Competitive
Job location: Bakewell, UK
Children's Garden Hosts
Royal Botanic Gardens Kew
Salary: £18,589 per annum pro rata
Job location: Richmond, UK
Senior Aquarist
Sea Life
Salary: Competitive
Job location: Mooloolaba QLD, Australia
Commercial Team Lead
Legoland Discovery Centre
Salary: Competitive
Job location: Auburn Hills, Michigan, USA
Commercial Duty Manager
Sea Life
Salary: Competitive
Job location: Grapevine, Texas, USA
Seasonal Operations Trainer
Legoland Discovery Centre
Salary: Competitive
Job location: Yonkers, NY, USA
+ More jobs  

COMPANY PROFILE
FORREC Ltd

We create guest experiences others don’t, masterplan like no one else can, and give the world’s [more...]
+ More profiles  
FEATURED SUPPLIER

Troostwijk to host online auction for trackless trains and fun cars
Troostwijk Auctions is hosting an online auction of trackless trains and fun cars [more...]
VIDEO GALLERY

Simworx - The power to move you…
Simworx is acknowledged as one of the world’s leaders in the supply of 4D Effects Cinemas and Motion Simulation Attractions. Find out more...
More videos:
Online Print Made Easy! – instantprint
Introducing AnimaChat! – Animalive
Experience the experience – Polin Waterparks & Pool Systems
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
ATTRACTIONS DIRECTORY
+ More directory  
ATTRACTIONS DIARY

06 Jun 2019

Swiss Medical Spa & Hospitality Think Tank 2019

Campus Passugg, SSTH, 7062 Passugg, Switzerland
11-14 Jun 2019

IAAPA Expo Asia 2019

Shanghai New International Expo Center, Shanghai, China
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2019 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

15 May 2019 issue 130


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019
Jobs . News . Products . Magazine
NEWS
Chinese firm to acquire 25 per cent of Huis Ten Bosch
POSTED 04 Dec 2018 . BY Luke Cloherty
Chinese investment conglomerate Fosun Group is to acquire almost a 25 per cent stake in Japanese theme park operator Huis Ten Bosch Co, following an investment of an undisclosed sum.

Fosun Group will assume 24.9 per cent of the operator as it looks to attract more Chinese visitors to its theme park, Hui Ten Bosch, in Nagasaki Prefecture.

Meanwhile, Japanese travel agency HIS will remain the operator’s majority shareholder with a 50.1 per cent stake, while the remaining 25 per cent is held by five companies based on the Japanese island of Kyushu.

In its fiscal year ended September 2018, traffic at Huis Ten Bosch was at 2.7 million visitors – down roughly 6 per cent from the previous year.

As such, Hideo Sawada, founder and chairman of HIS, said he feels that the park is "experiencing sluggish growth" and thus "needs a change".

The number of visitors to the theme park has been on the wane since the early 1990s, and Huis Ten Bosch Co's finances have suffered in part due to this, as well as to an unprofitable real estate business.

The company declared bankruptcy in 2003 but Japanese brokerage Nomura Group briefly resurrected it before the global financial crisis in 2008 again caused difficulties. Eventually, HIS took over in 2010 and has been slowly getting it back on its feet.

Last year, 7.4 million Chinese visitors arrived in Japan. This accounts for a quarter of the total visitors to the country and goes some way to explaining the move to attract more Chinese to the park by getting Fosun Group on-board.

Equally, Fosun Group has previous in investing in the Japanese attractions market, having acquired Hoshino Resort Tomoamu in central Hokkaido for ¥18.3bn (US$2.7bn, €2.3bn, £2.1bn) in 2015.
MORE NEWS
Lionsgate announces details of rides and VR experiences for Chinese theme park
New information has been released about the rides and virtual reality experiences planned for movie producer Lionsgate's new Chinese theme park, Lionsgate Entertainment World, which is set to open in July.
Herzog & de Meuron to design new riverfront home for historic Tennessee museum
The Memphis Brooks Museum of Art in Tennessee has appointed Swiss architecture practice Herzog & de Meuron to design "Brooks on the Bluff", its new US$105m (€93.9m, £82.6m) home.
Cloward H20 complete US$150m waterpark for Marriott's Turnberry Miami Resort
Aquatic design specialists Cloward H2O have designed a US$150m (€134.8m, £118.6m) waterpark for the JW Marriot Miami Turnberry Resort and Spa in Aventura, Florida.
Airbnb teams up with 23andMe to promote DNA-based heritage travel
Online travel marketplace Airbnb has teamed up with genetic testing company 23andMe to make the finding of heritage travel experiences based on DNA tests simpler.
+ More news   
LATEST JOBS
Interpretation and Engagement Manager
Chatsworth House
Salary: Competitive
Job location: Bakewell, UK
Children's Garden Hosts
Royal Botanic Gardens Kew
Salary: £18,589 per annum pro rata
Job location: Richmond, UK
Senior Aquarist
Sea Life
Salary: Competitive
Job location: Mooloolaba QLD, Australia
Commercial Team Lead
Legoland Discovery Centre
Salary: Competitive
Job location: Auburn Hills, Michigan, USA
Commercial Duty Manager
Sea Life
Salary: Competitive
Job location: Grapevine, Texas, USA
Seasonal Operations Trainer
Legoland Discovery Centre
Salary: Competitive
Job location: Yonkers, NY, USA
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS