Hong Kong Disneyland seems to be on a roll when it comes to rolling out some new attractions. Recently, the Iron Man Experience, tailored for citizens of Hong Kong, was announced for the theme park.
Now, a report from Reuters revealed that the theme park will now utilize $1.4 billion to create new attractions. This investment is aimed at attracting fans and curbing the loss that has been rampant for its Hong Kong Disneyland arm.
Since it is the smallest theme park for the Disneyland franchise, it seems that this has been affected by the weak local retail and tourism. This was further compounded by the fact that there are other park operators in China's mainland, which then led to cutting down jobs for Hong Kong Disneyland.
To fight off the growing number of tourism parks in China, even the Hong Kong government is reportedly adding $750 million in budget for the theme park, with expansions geared from 2018 to 2023. So far, there are two main branches for expansion: Frozen and Marvel attractions.
Samuel Lau, the managing director of Hong Kong Disneyland, confirmed that even the losses of Hong Kong Disneyland is not an isolated case. If anything the tourism has been in a challenging position for a lot of the other theme parks as well.
"We need to quickly double up to make sure we invest in tourism in the long run. Some of these projects will take time to build and create, and now is the time."
The good news apart from fans being able to enjoy more Marvel attractions is that the expansion will hopefully create 3,500 jobs and add 600 more in the park.
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