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Disney's Iger reveals Shanghai about to break even, hints potential for second China park
POSTED 16 Jun 2017 . BY Tom Anstey
Disney's Shanghai park is about to achieve something none of its resorts have managed in the last three decades – breaking even in its first full year of operation.

The US$5.5bn (€4.9bn £4.3bn) attraction, which opened in June last year has now welcomed more than 11 million visitors since its launch.

Speaking to Bloomberg, CEO Bob Iger praised the “extraordinary achievement”, adding that after the first full year of operation that prospects were “really strong for continued success and continued growth.”

The attraction is a joint venture between Disney and the state-owned Shendi Group and represents Disney’s first venture into mainland China and its largest foreign investment ever.

Following comments last year from the Chongqing city government, which said that it was bidding to host a future Disney park, Iger fuelled rumours of a second development in mainland China, saying there was “potential” for a second park. Iger added however that Disney would expand its Shanghai resort first.

“Before we really look to the horizon geographically, we will focus on expanding this park,” he said. “Might we build in another city over time? Yes. There’s a great likelihood that we will.”
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NEWS
Disney's Iger reveals Shanghai about to break even, hints potential for second China park
POSTED 16 Jun 2017 . BY Tom Anstey
Disney's Shanghai park is about to achieve something none of its resorts have managed in the last three decades – breaking even in its first full year of operation.

The US$5.5bn (€4.9bn £4.3bn) attraction, which opened in June last year has now welcomed more than 11 million visitors since its launch.

Speaking to Bloomberg, CEO Bob Iger praised the “extraordinary achievement”, adding that after the first full year of operation that prospects were “really strong for continued success and continued growth.”

The attraction is a joint venture between Disney and the state-owned Shendi Group and represents Disney’s first venture into mainland China and its largest foreign investment ever.

Following comments last year from the Chongqing city government, which said that it was bidding to host a future Disney park, Iger fuelled rumours of a second development in mainland China, saying there was “potential” for a second park. Iger added however that Disney would expand its Shanghai resort first.

“Before we really look to the horizon geographically, we will focus on expanding this park,” he said. “Might we build in another city over time? Yes. There’s a great likelihood that we will.”
MORE NEWS
Video: Attractions Management News Flash 20 April 2018
The latest Attractions Management News Flash Video is now live! In this broadcast, we look at Disney chief Bob Iger's Presidential ambitions, Universal Studios' Orlando rumoured expansion, U2's 'The Claw' coming to a Salt Lake Aquarium and National Geographic's move into the Saudi Arabian attractions market.
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Airbnb has launched a new initiative, designed to help travellers find new holiday destinations and counteract the tourism saturation of major cities worldwide.
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+ More news  
LATEST JOBS
Food and Beverage Manager
NAMCO UK Ltd
Salary: Circa £23,000
Job location: Manchester, UK
Senior Bowling Technician
NAMCO UK Ltd
Salary: Competitive Salary & Benefits
Job location: Manchester, UK
Performance Assistant Team Leader
Hamburg Dungeon
Salary: Competitive Salary & Benefits
Job location: Hamburg, Germany
Retail, Admissions & Membership Manager
The Wildfowl and Wetlands Trust
Salary: £33,065
Job location: London, UK
Visitor Experience Manager
The Wildfowl and Wetlands Trust
Salary: £35,780 per annum
Job location: Lancashire, UK
Technical Lead
Merlin Entertainments Group
Salary: Competitive
Job location: Chessington, UK
+ More jobs  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2018

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