MARKET REPORT: ASIA PACIFIC
In the pipeline Investments in new theme park attractions are on the increase in Asia with international interest and domestic developments. In China, Universal Studios Beijing and Nickelodeon Foshan, in Guangdong province, are both slated to open in 2020. Shanghai Disney Resort will open its seventh themed land, Toy Story Land, this year. Six Flags Zhejiang and Six Flags Chongqing are under development, and Six Flags has announced the addition of three more parks to be built in China: Six Flags Kids World, designed especially for families with young children and an all-new adventure park concept, offering high-energy outdoor thrills. These new properties are expected to open by 2020. Elsewhere in Asia, Hong Kong Disneyland announced a US$1.1
billion investment in new lands and attractions to be phased from 2018 to 2022. 20th Century Fox World Malaysia is slated to open by the end of 2018 or 2019. Universal Studios Japan had a ground breaking for their new US$0.6 billion Nintendo Land expected to open by 2020, and Tokyo Disney Resort announced a major US$2.7 billion investment program to open by 2023. Domestic theme park developers, meanwhile, continue to expand
with strong levels of investment. Haichang Ocean World in Shanghai is expected to open in 2018. While relatively small in size it is expected to have a full range of attractions and set a new higher standard for Haichang theme parks.
Chimelong continues to expand its existing resorts with a new mega hotel opening in their Panyu resort. A large wild animal park is under construction in Zhuhai, and Chimelong is also building an entire new resort in the Qingyung area of Guangdong Province (about 45 minutes north of Guangzhou) with a forest theme. The theme park investment alone is reported at US$1.5 billion and expected to open end of 2019. As part of a larger deleveraging strategy, The Wanda Group sold a portfolio of 13 theme park projects to Sunac China Holdings in mid 2017. These parks were capital intensive and those that opened had mixed success, nevertheless Wanda retained the rights
Chimelong’s jungle themed Guangzhou Water Park expansion. Image by Forrec.
PARK WORLD Handbook & Buyers Guide 2018
23
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104
