They have several options in expanding the attractions inside the park as well as addition of new hotel. And they will present it to the council and HK gov once they have selected one or a couple of viable design or solution, probably some time this year.
New expansion might cost several billion HK dollars. (http://mobile.n.yam.com/m/news.php?id=20130225243700)
Govt eyes Disneyland expansion
After logging profits for the first time since the Hong Kong Disneyland opened in 2005, the goevrnment is seeking to discuss with the Walt Disney Company of US on the expansion of the theme park in the unused land designated for phase one, said Philip Yung Wai-hung, the Commissioner for Tourism.
Speaking in a Legco panel meeting, Yung said he expects to report to the councillors within this year.
Yung added that the expansion will help competing with Shanghai Disneland Park, which is set to complete soon.
Andrew Kam, managing director of Hong Kong Disneyland, said a few designs will be ready to choose according to the need of the park and visitors. (Source : The Standard)
Hong Kong Disneyland expansion plan includes third hotel
Hong Kong Disneyland and the government are in talks over the theme park’s expansion plans, a tourism official said on Monday.
Philip Yung Wai-hung, the tourism commission chief, said planning was under way to expand the park on seven hectares of land unused during the park’s first phase of development.
Speaking a Legislative Council economic development panel session, Yung said the expansion plans included adding a third hotel to the park. The two current hotels have about 1,000 rooms between them.
“We are now doing the design, and we aim to report to the legislature within the year on the design and financial arrangements,” he said.
Andrew Kam Min-ho, managing director of the theme park, said his team had been mulling over a dozen proposals, trying to shortlist one or two for the final decision.
“Some are feasible, but some are not,” he said.
Lawmaker Michael Tien Puk-sun was concerned about whether Hong Kong’s 27-hectare theme park – among the smallest in the world – could rise to the challenge of Shanghai’s Disneyland, which is now under construction.
“What expansion plans do we have? Are we going to have a theme park the same size as an American one? Or will we stay a second-class theme park, rather than first-class?” he said.
Hong Kong Disneyland made a profit of HK$109 million – its first profit since opening in 2005 – in the fiscal year to last September.
Kam said the new attractions that opened last year gave a big boost to admissions and revenue.
About 6.7 million tourists, up by 13 per cent, visited the park last year, with 45 per cent from mainland China. It registered revenue of HK$4.2 billion. (Source : SCMP)