Genting Malaysia Bhd, developer of resort destinations (Resorts World Brand of Resorts) announced that the world’s first Twentieth Century Fox World Theme Park will open by 2016 at a cost of RM1 billion (US$287 million), replacing the previous outdoor theme park, which ceased operations in September 2014. The 25-acre theme park will be part of Malaysia’s Resorts World Gentings, and Genting Malaysia’s RM5 billion ‘10-year Integrated Tourism Plan’ in order to strengthen the destination’s position as a major tourist hub. The first phase of development will see a new 1,286-room three star hotel come up adjacent to the existing First World Hotel in the first half of 2015, and a facelift to the existing five hotel properties. New retail facilities and transport infrastructure, including a new cable car station, will be part of the second phase of the development. With these, Gentings forecasts an increase of six million visitors annually by 2018 and an increase of another 10 million by 2020, which will contribute significantly to Malaysia Transformation plan that aims to attract 36 million tourist arrivals by 2020.
HVS APAC HOSPITALITY NEWSLETTER.