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Shanghai Disney pegs 95% hotel occupancy, mulls new attractions

08/12/2016| 4:15:51 PM| 中文

Shanghai Disney Resort is expected to build more attractions as it registered more than one million visitors and 95% hotel occupancy.

Disney's newest park in Shanghai, with a cost of approximately USD 5.5 billion, has received close to a million visitors during less than a month after its opening, according to Disney Chief Executive Officer Robert Iger. It was also noted that hotel occupancy has been steadily pegged at 95%.

Higher pre-opening costs at Shanghai Disney Resort partly contributed to a lower operating income of Walt Disney's international operations, according to a recent quarterly earnings report of the U.S.-based media conglomerate.

Walt Disney earned USD 2.6 billion on revenue of USD 14.3 billion in its most recent quarter, up from USD 2.5 billion on USD 13.1 billion for the same period last year.

Wang Jianlin, China's richest man and chairman of Dalian Wanda Group, a real estate and entertainment conglomerate, made an uncharacteristically bold remark prior to the theme park's opening, saying that "Wanda would make it impossible for Disney China to make profit in the next 10 to 20 years."

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TAGS: Shanghai Disney Resort | Shanghai | hotel occupancy | China
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