Hong Kong Disneyland recently announced plans to open a third hotel as the popularity of the resort grows following the completion of the park’s expansion project
Hong Kong Disneyland Proposed Third Hotel Concept Art
The park’s two existing hotels reported occupancy increasing to 94%. Following advice from the Hong Kong government, park management announced plans to open a third hotel in 2017. The just-announced hotel still has to receive final approval, but with its planned 750 rooms, total available rooms for the park will increase by 75%.
The estimated $550 million (US) hotel will be funded by a cash injection from Disney, the Hong Kong government and partial conversion of an existing loan from the government. The Hong Kong government currently is the majority owner of Hong Kong Disneyland at 52% with 48% owned by the Walt Disney Company.
Hong Kong Disneyland Proposed Third Hotel Concept Art
The new, as yet unnamed hotel, which will be built between the Hong Kong Disneyland Hotel and the Hong Kong Disneyland Hollywood Hotel, is being positioned as luxury hotel themed around “exotic locations from around the world”. It will occupy almost 16 acres, feature almost 603,00 square feet of floor area and an outdoor exotic adventure themed area to continue and extend the theme of the hotel, as well as 3 restaurants.
At the event announcing the third hotel, Hong Kong Disneyland also reported their financials. For their financial year ending September 2013, the park, which opened in 2005, experienced profits climbing to $31.2 million (US) due to a revenue increase of 15% to $631 million (US). Park attendance also increased by 10% to 7.4 million, with spending per head increasing by 6%.
“Steady growth was registered across the three main sources of guests from the local community, mainland China and international markets, with the latter two accounting for about two-thirds of total guests,” said Andrew Kam, HKDL managing director.
Three new themed areas – Toy Story Land, Grizzly Gulch and Mystic Point, as well as special entertainment such as “Disney’s Haunted Halloween”, “Disney’s Sparkling Christmas”, “Golden Chinese New Year Celebration”, “Star Guest Program” and “Monsters University” programs drove the 10% park attendance growth.
Several new entertainment offerings are being planned over the next 2 years such as a nighttime spectacular called “Disney Paint the Night” in 2014, 10th anniversary celebrations in 2015, and a new attraction based on Marvel’s “Iron Man” in late 2016.
