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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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AM2.jobs - Attractions Jobs & News
Attractions Management Magazine


CLICK HERE TO READ THE LATEST ISSUE ONLINE
 

Jobs . News . Products . Magazine  
Post your job online   Free sign up   Contact us
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
Michael Jackson's estate files trademark for possible museum venture
The estate for Michael Jackson has filed a trademark application indicating future plans to open a museum attraction dedicated to the pop icon.
IAAPA 2017: Universal's Thierry Coup on taking immersive design to the next level
The man behind Universal Studios’ most successful visitor attractions says operators looking to stay ahead of the curve must go above and beyond to deliver new levels of immersive experiences.
Continuum teams up with The Void to immerse guests in world of Star Wars
UK attractions operator Continuum and free-roam VR company The Void are launching a Star Wars experience in London.
Ardent's Dreamworld operating at profit one year on from horror accident
Ardent Leisure, which has struggled since a tragedy at its Dreamworld park claimed four lives last year, says it has stemmed financial losses.
More news>
LATEST JOBS
Commercial Director- Midway North America
Madame Tussauds
Salary: Competitive
Location: Orlando, FL, United States
General Manager
Sea Life
Salary: Competitive
Location: Concord, NC, United States
Trade Sales Coordinator
Sea Life
Salary: Competitive
Location: Minnesota, United States
Front Office Manager
Legoland
Salary: Competitive
Location: Carlsbad, CA, United States
Senior Profit Protection Manager
Merlin Entertainments Group
Salary: Competitive
Location: New York, NY, United States
Head of Operations
Madame Tussauds
Salary: Competitive
Location: New York, NY, United States



 
 
ADVERTISE . CONTACT US

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

©Cybertrek 2017

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

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 2017

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