Not to be outdone by its mainland counterpart, Hong Kong Disneyland is looking to boost business with a $1.4 billion expansion that will include two new areas based on Frozen and Marvel.
This multi-year, mega-upgrade will take place between 2018 and 2023, bringing the park’s number of attractions from 110 to 130, while also creating 5,000 to 8,000 more jobs across the city’s tourism industry. For all that, Hong Kong taxpayers will be footing more than half of the bill with the local government injecting $750 million into the expansion.
According to SCMP, Commerce Minister Greg So Kam-leung predicts that the expansion will help to drive the number of annual visitors up from 6.8 million in 2015 to 9.5 million by 2025, after the park registered a loss of $20 million last year, the first time in its 10-year existence that it has dipped into the red. Last year saw the number of visitors drop by 9%, leading to large-scale layoffs earlier this year.
Along with the Frozen and Marvel areas, the park’s Sleepy Beauty Castle will also get a major makeover under the plan. It is expected to shut down sometime next year, before reopening anew in 2019.
The new attractions will be introduced in phases, kicking off on January 11th when the new “Iron Man Experience” opens.
Check out the map below:
The Hong Kong park faces competition from Shanghai Disneyland, which held its high-profile opening in June of this year. The Shanghai Disney Resort is three times larger and its tickets cost a bit less. It’s already planning to expand with a new Toy Story Land opening in 2018.
[Images via Hong Kong Disney]
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