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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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  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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Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
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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.
RELATED STORIES
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.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
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Raby Castle reveals ambitious plans to become a major visitor destination
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COMPANY PROFILES
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
instantprint

We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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