channelnewsasia.com - Hong Kong's Disneyland says no expansion plans
   
 
  blogs  
 
yournews
   
   
Video Finance Lifestyle Travel Weather Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News

 
 

Hong Kong's Disneyland says no expansion plans
Posted: 30 November 2009 1718 hrs

 
 
Photos  of

   
 

HONG KONG: Hong Kong's Disneyland on Monday dismissed a report that it is mulling a further expansion in a bid to compete with a planned new park in Shanghai.

The Hong Kong Economic Times cited an unnamed source as saying that Disneyland is considering a further enlargement, after it announced a deal in July to expand the venue by almost one quarter.

But a Disneyland spokeswoman said there was no such plan.

"The current position is to implement the extension plan as agreed in July with the development of the three themed areas in phases. There has been no discussion on further expansion," she told AFP.

Under the deal announced in July, Disney would invest 6.2 billion Hong Kong dollars (795 million US) to build 30 new attractions over the next five years.

The government will retain control of the park with a 52 per cent ownership stake.

Since its opening in 2005, Hong Kong Disneyland has been desperate to boost the number and quality of its attractions at the three billion US dollar venue as it struggles to attract visitors.

But the park's future became more uncertain after China announced earlier this month that it had given the green light for Disney to build its long-awaited theme park on the Chinese mainland in Shanghai.

There were concerns that both mainland Chinese and overseas tourists would shun the Hong Kong park when the Shanghai venue opens in 2014.

The first phase of construction for Shanghai Disneyland will cover only 116 hectares (1.2 square kilometres), making it smaller than the 126-hectare Hong Kong park and one of the smallest of Disney's franchises.


- AFP/so

 

 
Add Your Comments   View Comments ()
Name : E-mail:
Your views   (Max 600 chars)
word count:   more chars available.
........................................................................................................................................
Enter the code exactly as you see it.
I have read terms & conditions
  



Other business News
Japanese auto-makers Honda and Toyota dented by global recalls
Toyota announces mass Prius recall
Ma says China trade pact crucial to Taiwan
China exports surge in January
Honda expands North America airbag recall to 420,000 more cars
Barclays chief slams over-regulation as watchdog boss quits
Philippines exports surge in December
US public had "unrealistic" jobs hopes: top lawmaker
BHP Billiton cautious despite profits leap to US$6.14b
Baidu profit surges nearly 50% in Q4
Bernanke to explain Fed exit strategy, with caution
Malaysia's Maybank Q2 profit up 35%
Swiss bank UBS returns to profit
Japanese plane seat maker admits falsifying safety data
China overtakes Germany as leading trade exporter
US stocks rally on easing eurozone debt fears
Oil prices leap as US dollar falls against euro
JAL to stay with American Airlines, expand tie-up
Shanghai to be one of top 3 finance centres: EIU survey

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions