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MARKET REPORT: ASIA PACIFIC


delinked entertainment-led projects from residential schemes. It has also been ordered that mega-parks, defined as costing in excess of US$790 million and/or occupying more than 330 acres, must seek central as well as regional government approval. For these reasons, Chinese developers and operators are


reducing their debt burdens and are now more cautious about their investments in the sector, resulting in a slowdown in the pipeline, the fire selling of assets, and a general decline in CAPEX budgets. An example of this would be Dalian Wanda, who sold off much of its park portfolio in 2017. However, these changes help ensure new parks are more carefully thought and considered by developers as a serious, longer term commitment. All in all, Asia will benefit from the creation of new, sustainable, high quality theme parks – with a focus on quality, not quantity.


NEW THEME PARK OPENINGS Major theme park openings in 2018 are geographically diversified and include two movie parks developed by Huayi Brothers Media Corporation, as well as two additions by Wanda / SUNAC Group – Nanjing Wanda Indoor Theme Park and Wanda Qingdao Studios. A notable entrant is Fantawild Asian Legend in Nanning, an


excellent quality culture-orientated theme park, offering the latest in ride technology and a showcase example of how to successfully integrate domestic IP. Another new park is Haichang Ocean Park Shanghai, a relatively small park which experienced difficulties


Name


Shanghai Haichang Ocean Park Nanjing Wanda Indoor Theme Park Wanda Qingdao Studios


Suzhou Huayi Brothers Movie World Changsha Huayi Brothers Movie Town Fantawild Asian Legend


Colourful Yunnan Happy World Shanghai Shimao Wonderland


Changying Global 100 Fantasy Park Anjo World Theme Park


MCM Studio Indoor Theme Park Location Shanghai, China


during pre-opening when not all attractions were ready, but has since set a new higher standard for Haichang theme parks.


NEW LANDS / MAJOR RIDES Successful operators continue to invest heavily by adding new attractions, lands and experiences to increase capacity, boost/maintain visitation, and remain competitive. Some examples of the new park rides and attractions:


2018 New Park Lands / Rides: • Toy Story Land: Shanghai Disneyland • Final Fantasy XR Ride: Universal Studios Japan • The Great Lego Race VR Coaster: LEGOLAND Malaysia •Western Region’s Heaven Ride: Happy Valley Chengdu


NEW ATTRACTION CONCEPTS – ONLINE GAMING MERGING WITH REAL WORLD. Interest in online and mobile gaming is growing, and the application of smart technology to bring these games to life has huge market potential. E-sports gaming and competition centres are seeing increased levels of investment. IP branded characters from the online world are being brought into the real ‘offline’ location-based entertainment (LBE) world. Creating a tangible connection through LBE changes and diversifies the way in which consumers engage with eSports brands. A Super Nintendo World themed zone is under construction at Universal Studios Japan, with its opening


Developer/Owner Haichang Ocean Park Holdings


Nanjing, China Wanda Group / SUNAC Qingdao, China Wanda Group / SUNAC Suzhou, China


Fantawild Type


Outdoor Theme Park Indoor Theme Park


Indoor Media Theme Park Huayi Brothers Media Corporation Outdoor Movie Theme Park


Changsha, China Huayi Brothers Media Corporation Outdoor Movie Theme Park Nanning, China Kumming, China Shanghai, China Haikou, China


Cebu, Philippines


Northstar Group Shimao Property Changying Group Cebu Belmont Inc.


Tampoi, Malaysia Capital World


Outdoor Theme Park Outdoor Theme Park


Small Outdoor Theme Park Outdoor Movie Theme Park Outdoor Theme Park


Indoor Movie Theme Park


PARK WORLD Handbook & Buyers Guide 2019


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