On Friday, Shanghai Disneyland marked one year since it first officially opened its gates to guests — and what a year it was!
Despite more than a few bumps along the way, the theme park managed to draw in 11 million visitors during its first year of operations. While that may be below some more rosy initial projections, Disney CEO Bob Iger says that the $5.5 billion resort has exceeded his company’s own most optimistic expectations, and is even close to breaking even already.
According to Iger, while the merchandising and food and beverage side of operations may have faced some challenges, hotels at the resort have boasted “extremely high” occupancy rates, helping the park to approach getting out of the red in record time.
Iger even admitted that he sees the potential for another park in China in the future, though for the time being Disney is focused on the Shanghai resort, which will be opening a new Toy Story Land next year.
“Before we really look to the horizon geographically, we will focus on expanding this park,” Iger told Bloomberg. “Might we build in another city over time? Yes. There’s a great likelihood that we will. But it’s way too early.”
With over 11 million visitors in one year, Shanghai Disneyland is the most popular theme park in China, as well as one of the most popular in the world. Though it still trails far behind the Disney resorts in Florida, California and Japan, it already attracts more visitors than Paris Disneyland and Hong Kong Disneyland.
The latter of which has been in a slump over the last few years. With the rise in Shanghai Disneyland’s popularity there are concerns that it will only speed along its Hong Kong counterpart’s decline.
[Images via Shanghai Disney Resort]
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