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Iger hints at further expansion for Disneyland Shanghai following strong first quarter
POSTED 22 Sep 2016 . BY Tom Anstey
With business booming in Shanghai, Bob Iger says that there is great potential to expand Disney's newest venture Credit: Shutterstock.com
Disney chair and CEO Bob Iger has said that the operator’s new Shanghai venture has “ample expansion possibilities” following a strong opening three months.

Disneyland Shanghai, which opened on 17 June this year, has enjoyed a strong start to life as a visitor attraction, with the company reporting 95 per cent occupancy rates and visitors staying two hours longer on average than expected.

“We've had a fantastic opening for Shanghai starting from opening day,” said Iger, speaking at Goldman Sachs’ Communacopia Conference.

“We are not updating specific numbers in regards to visitor numbers, but I can say that had it not been for some typhoon-like weather there last week, the first 100 days of Shanghai would have delivered more in attendance than any park that we've ever opened. In fact Disneyland Shanghai delivered more in its first 100 days than most of the parks we've ever opened.”

With business booming in Shanghai, Iger said that there was great potential to expand, with a yet-to-be-revealed expansion already having broken ground.

“We have ample expansion possibilities,” said Iger. “We’re already building an expanded land which we broke ground on before we opened this park, but we’ve not been specific about what it is or when it will open. Once that work is completed, we have tons of land there to build even more. Currently we’re in the design phase on a lot of it and we’re in discussions with our partners about these plans.”

Disneyland Shanghai represents Disney’s first venture into mainland China, which Chinese president Xi Jinping heralded as a sign of China’s “commitment to cross-cultural cooperation and our innovation mentality in the new era.”

The US$5.5bn (€4.9bn, £4.2bn) theme park and resort – the largest foreign investment ever made by Disney – features its biggest castle, two hotels and six themed lands: Adventure Isle, Gardens of Imagination, Mickey Avenue, Tomorrowland, Treasure Cove and Fantasyland.
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NEWS
Iger hints at further expansion for Disneyland Shanghai following strong first quarter
POSTED 22 Sep 2016 . BY Tom Anstey
With business booming in Shanghai, Bob Iger says that there is great potential to expand Disney's newest venture Credit: Shutterstock.com
Disney chair and CEO Bob Iger has said that the operator’s new Shanghai venture has “ample expansion possibilities” following a strong opening three months.

Disneyland Shanghai, which opened on 17 June this year, has enjoyed a strong start to life as a visitor attraction, with the company reporting 95 per cent occupancy rates and visitors staying two hours longer on average than expected.

“We've had a fantastic opening for Shanghai starting from opening day,” said Iger, speaking at Goldman Sachs’ Communacopia Conference.

“We are not updating specific numbers in regards to visitor numbers, but I can say that had it not been for some typhoon-like weather there last week, the first 100 days of Shanghai would have delivered more in attendance than any park that we've ever opened. In fact Disneyland Shanghai delivered more in its first 100 days than most of the parks we've ever opened.”

With business booming in Shanghai, Iger said that there was great potential to expand, with a yet-to-be-revealed expansion already having broken ground.

“We have ample expansion possibilities,” said Iger. “We’re already building an expanded land which we broke ground on before we opened this park, but we’ve not been specific about what it is or when it will open. Once that work is completed, we have tons of land there to build even more. Currently we’re in the design phase on a lot of it and we’re in discussions with our partners about these plans.”

Disneyland Shanghai represents Disney’s first venture into mainland China, which Chinese president Xi Jinping heralded as a sign of China’s “commitment to cross-cultural cooperation and our innovation mentality in the new era.”

The US$5.5bn (€4.9bn, £4.2bn) theme park and resort – the largest foreign investment ever made by Disney – features its biggest castle, two hotels and six themed lands: Adventure Isle, Gardens of Imagination, Mickey Avenue, Tomorrowland, Treasure Cove and Fantasyland.
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Grey skies don't deter visitors from Disneyland Shanghai opening


Despite a rain-dampened day, visitors turned up in their droves for the fairytale opening of Disney’s Shanghai resort, which CEO Bob Iger hailed as an “incredible opportunity” for the company.
Disneyland Shanghai draws one million visitors before even opening


Disneyland Shanghai, set to launch on 16 June, has already welcomed nearly one million visitors to the park even before officially opening its doors.
IP acquisitions key for Disney growth, says Iger


Disney chair Bob Iger has said that the company’s acquired IPs play a big role in delivering large returns on investments into its theme parks.
Iger defends variable pricing strategy for parks at Disney's annual meeting


Disney chair Bob Iger has said the company’s recent price hike for its US theme parks is actually beneficial to its visitors as demand pricing will improve the guest experience.
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Government support signals green light for South Korean theme park plan
The long-proposed US$3.8bn (€3.4bn, £2.9bn) theme park at Hwaseong, 45km (30mi) from South Korea's capital Seoul, looks set to definitely go ahead, after the country's finance minister pledged the government's support.
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CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

14 Jan 2020

BALPPA Annual General Meeting

ExCel, London, United Kingdom
14-16 Jan 2020

EAG International

ExCel London Exhibition Centre, London,
+ More diary  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2019

ABOUT LEISURE MEDIA
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