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Shanghai Disneyland opening day tickets sold out online in hours

03/28/2016| 10:17:41 PM| 中文

Shanghai Disney Resort hotels are fully-booked first two weeks of opening and the park tickets are a fifth cheaper than Hong Kong Disneyland.

Tickets for the June 16 opening day of Walt Disney Co.’s new theme park in Shanghai were sold out on its official ticketing website hours after going on sale at midnight on Monday.

Tickets from June 17 to Sept. 30 are still available, ranging in price from RMB 370 (about USD 57) for non-peak periods, to RMB 499 for peak periods, which include the park’s first two weeks, all weekends, and the summer months of July and August. 

The 963-acre park, Disney’s sixth worldwide, is three times the size of Hong Kong Disneyland, with non-peak tickets costing about 20 percent less. Chief Executive Officer Robert Iger has called the China resort Disney’s greatest opportunity since Walt Disney himself bought land in central Florida in the 1960s. The company plans to court 330 million Chinese who live within a three-hour train or car trip of Shanghai.

"Relying on the large desire for family-style entertainment and the rising purchasing power of Chinese consumers, Shanghai Disneyland is likely to set off massive consumer demand," Chang Jiang Securities Co. analyst Li Jin wrote in a note released Monday.

The resort’s revenue is likely to range from 24 billion to 40 billion yuan a year, with up to to 50 million visitors expected annually, according to Li.

Shanghai Disney Resort’s ticketing website requires buyers to register their ID numbers upon purchase to prevent ticket scalping. 

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TAGS: Shanghai Disneyland | China
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