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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.”
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Following a period of growth in 2015, the world’s top theme parks have experienced a mixed year, according to the latest edition of the TEA/AECOM Theme Index Report.
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Salary: Competitive
Location: Matlock Bath, Matlock, UK
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Salary: Hourly rate up to £8.50 per hour - 44 hours per week
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Salary: £21,000 - £26,000 per annum
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Location: Wembley, UK



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AM2.jobs - Attractions Jobs & News
Attractions Management Magazine


CLICK HERE TO READ THE LATEST ISSUE ONLINE
 

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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.”
RELATED STORIES
Disney taking full ownership of Euro Disney with planned delisting


Disney has once again upped its stake in Euro Disney, increasing total ownership of Disneyland Paris to 97.08 per cent ahead of a planned stock market delisting.
Theme Index: Disney dips as theme parks experience mixed year


Following a period of growth in 2015, the world’s top theme parks have experienced a mixed year, according to the latest edition of the TEA/AECOM Theme Index Report.
Disney delivers 'the impossible' with debut of Avatar land at Animal Kingdom


Disney has celebrated the launch of its new Avatar land at Animal Kingdom with the operator marking the occasion by hosting a ‘Dedication of Pandora’ at the Orlando theme park.
IPs and investment key to growing parks business, says Iger


Disney chair Bob Iger has said that the company must continue to incorporate its most popular IPs into its parks in order to help grow its business.
MORE NEWS
Atlantis Sanya mega-resort and waterpark almost complete as May opening nears
One of Asia’s most anticipated waterpark projects is almost complete, with the Atlantis Sanya resort approaching its May 2018 opening date.
HLF considers change to funding methods
The Heritage Lottery Fund (HLF) is changing the way it hands out finances for British projects, with the organisation considering the introduction of loans and corporate funding objectives starting next year.
UNStudio win competition for EuropaCity's indoor/outdoor cinema complex
One of the largest ongoing leisure developments on the planet, EuropaCity in Paris, will feature a dramatic indoor/outdoor cinema embedded into the landscape, courtesy of a competition-winning design by UNStudio.
Liverpool creates action plan as Unesco threatens removal of historic city from World Heritage list
In a bid to protect its World Heritage status, the City of Liverpool and Historic England have drawn up a heritage action plan, created to navigate the threat posed by a proposed development of the city’s waterfront, which could see it struck from the Unesco register.
More news>
LATEST JOBS
Theme Park Resort Duty Manager - Operations
Gulliver's Theme Park
Salary: Competitive
Location: Matlock Bath, Matlock, UK
Educational Ranger
Center Parcs Ltd
Salary: £8.82 Per Hour
Location: Wiltshire, UK
Activity Instructor
Girlguiding UK
Salary: Competitive
Location: London, UK
Head Lifeguard/ Duty Officer
Brean Splash
Salary: Hourly rate up to £8.50 per hour - 44 hours per week
Location: Somerset, UK
Pool Manager
Brean Splash
Salary: £21,000 - £26,000 per annum
Location: Somerset, UK
Tour Operations Manager
The Football Association
Salary: Competitive Salary
Location: Wembley, UK



 
 
ADVERTISE . CONTACT US

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

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
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ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
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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.”
RELATED STORIES
Disney taking full ownership of Euro Disney with planned delisting


Disney has once again upped its stake in Euro Disney, increasing total ownership of Disneyland Paris to 97.08 per cent ahead of a planned stock market delisting.
Theme Index: Disney dips as theme parks experience mixed year


Following a period of growth in 2015, the world’s top theme parks have experienced a mixed year, according to the latest edition of the TEA/AECOM Theme Index Report.
Disney delivers 'the impossible' with debut of Avatar land at Animal Kingdom


Disney has celebrated the launch of its new Avatar land at Animal Kingdom with the operator marking the occasion by hosting a ‘Dedication of Pandora’ at the Orlando theme park.
IPs and investment key to growing parks business, says Iger


Disney chair Bob Iger has said that the company must continue to incorporate its most popular IPs into its parks in order to help grow its business.
 


ADVERTISE . CONTACT US

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

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS