The Shanghai Disney Resort comprising six themed lands, a 420-key Shanghai Disneyland Hotel, an 800-key Toy Story Hotel, Disneytown and the Wishing Star Park, will soon open its gates to visitors, with its grand opening celebration scheduled on 16th June, 2016. This world-class resort, located in the Pudong District of Shanghai, will be Disney’s first destination resort in mainland China. Reportedly worth US$5.5 billion, the Shanghai Disney Resort is a joint venture between Disney and Shanghai Shendi Group, a Chinese state-run consortium. Besides the Disney Resort, two other large theme parks are expected to come up in Shanghai − the Hydron Polar Ocean Park in Pudong area, which is slated to open in 2017 and will be the biggest polar ocean park in China; and the first Legoland Discovery Center in Shanghai, announced by Merlin Entertainments Group last year. The opening of these theme parks will provide a solid thrust to the leisure segment and significantly contribute to hotel performance in the Shanghai market.
HVS APAC HOSPITALITY NEWSLETTER.