Battling a decline in Chinese visitors and competing with much bigger rivals in mainland China, the Hong Kong government and the Walt Disney Company are pumping $1.4bn into the city’s lossmaking Disneyland theme park in a bet that new attractions can revive its fortunes.
The joint owners of the 11-year-old theme park said on Tuesday that they planned to revamp the Disney castle and add a range of new zones from 2018 to 2023 based around the Marvel super heroes and Frozen, the hit film.
“The expansion and development plan will enhance the competitiveness of Hong Kong Disneyland and the attractiveness of Hong Kong as a premier tourist destination,” the government, which owns 53 per cent of the park, said in a statement.
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