Serving the themed entertainment community

Latest News

  • Loveland Laser Tag implements Semnox’s Klaimprize self-service redemption kiosks
  • Christie laser projectors take flight at Branson’s Beyond the Lens!
  • Space Center Houston to honor Apollo program during Spring Break
  • Jason Surrell joins Storyland Studios as Executive Creative Director
  • Museum professionals advocate for Congressional funding during annual AAM Museums Advocacy Day
  • Adventure Golf & Sports introduces AmericanPie Mini Golf, tribute to courses from 50s and 60s
  • IAAPA study examines how hard-hit attractions industry is from COVID-19 pandemic
  • ZeeVee’s ZyPer Management Platform now natively supporting Smart Monkeys’ ISAAC API
  • Home
  • Opportunity Hub
    • Leads & Opportunities
    • Webinar Calendar
    • Submit a Webinar
  • Explore
    • Features
    • News
    • COVID-19
  • Issues
    • 2020
      • #85 – Looking forward to the future
      • #84 – Everything the industry has to offer
      • #83 – Waterparks and more!
      • #82 – Solving Problems with Innovation
      • #81 COVID-19 and beyond
      • IPM guide to AV 2020
    • 2019
      • #80 – IAAPA 2019
      • #79.5 – IAAPA Expo 2019 Preview
      • #79 Europe and Waterparks
      • #78 – Asia/Tech
      • #77 – The Best in Themed Entertainment
    • 2018
      • #76 – Year End/Trade Show Round-up
      • #75 – IAAPA 2018
      • #74 – EME/Waterparks
      • #73 – Asia and Technology
      • #72 – Dubai/Museums
      • #71 – MENA/Entertainment
    • 2017
      • #70 – IAAPA 2017
      • #69 – Game Changers
      • #68 Going Global: Technology on the International Stage
      • #67 – Experience Design: Many Faces Many Places
      • #66 Theatrical Influence and Convergence
    • 2016
      • #65 IAAPA 2016
      • #64 Waterpark, Zoo & Aquarium 2016
      • #63 Technology 2016
      • #62 International
      • #61 Museums and Expanding Markets
    • 2015
      • #60 – IAAPA 2015
      • #59 – Zoos/Aquaria and Waterparks 2015
      • #58 – Technology 2015
      • #57 – International 2015
      • #56 – Museums 2015
    • 2014
      • #55 – IAAPA 2014 / Tenth Anniversary
      • #54 – Waterparks, Zoos and Aquariums 2014
      • #53 – Technology 2014
      • #52 – International 2014
      • #51 – Museums 2014
    • 2013
      • #46 – Museums 2013
      • #47 – International 2013
      • #48 – Technology 2013
      • #49 – Waterparks 2013
      • #50 – IAAPA 2013
      • 2013 Wrap-Up
    • 2012
      • #45 – IAAPA & WWA Wrap-Up
      • #44 – IAAPA
      • #43 – Waterparks
      • #42 – Technology
      • #41 – International
      • #40 – Museums
  • Subscribe
  • Advertise
  • About
    • About InPark
    • Privacy Policy
  • IPM books
    • Screens to scenes: Christie’s visual technology
    • Tales from the Expo
    • Themed entertainment in academia
  • follow
    • Facebook
    • Twitter
    • Linked
    • Youtube

Government not to extend Hong Kong Disneyland option for purchasing expansion property

Sep 23, 2020 Joe Kleiman Asia, Business, COVID-19, Homepage Slider, Theme Parks, World markets Comments Off on Government not to extend Hong Kong Disneyland option for purchasing expansion property


Government not to extend Hong Kong Disneyland option for purchasing expansion property

September 23 — The Government of Hong Kong announced today that while it continues to fully support the existing expansion plan for Hong Kong Disneyland Resort (HKDL) despite the prevailing worldwide tourism downturn, the Government will not extend the option for Hongkong International Theme Parks Limited (HKITP) to purchase the site adjacent to HKDL at Penny’s Bay, having taken into account the current economic conditions.

“HKITP’s strategic direction is to focus on the ongoing multi-year expansion plan featuring a series of new attractions that will continue to position HKDL as a premier tourism destination in the region, and help capture business opportunities upon the gradual recovery of tourism,” a spokesman for the Commerce and Economic Development Bureau said.

“The Government considers it prudent for HKITP to focus on the development and expansion of the existing resort in the coming few years, rather than geographic expansion into the Site,” the spokesman added.

Under the Option Deed signed in 2000, HKITP, the joint venture company between the Government and the Walt Disney Company (TWDC) for the development and operation of HKDL, was granted the option to purchase the Site for HKDL’s possible expansion. The Option will expire after September 24, 2020, if it is not extended upon agreement by the Government and TWDC. Consequent to the Government’s decision, the right of HKITP to purchase the Site will not be extended.

Since its opening in 2005, HKDL has been one of the most popular tourist attractions for both local and non-local visitors. Up to 2019, HKDL received over 83 million guests, generating total value added of $108.5 billion for Hong Kong’s economy, equivalent to 0.33 per cent of Hong Kong’s Gross Domestic Product, and creating a total of 269 500 jobs (in terms of man-years).

The Site is currently home of a government COVID-19 quarantine facility, which was expanded from 100 units to 800 units in July. An additional 700 units are at the end of the construction phase and expected to be made available by the end of this month.

Share this:

  • Tweet
  • Print

  • COVID-19, expansion, hong kong, hong kong disneyland, Hongkong International Theme Parks, the walt disney company
  • tweet
Related articles
  • Loveland Laser Tag implements Semnox’s Klaimprize self-service redemption kiosks
    Loveland Laser Tag implements...

    Comments Off on Loveland Laser Tag implements Semnox’s Klaimprize self-service redemption kiosks

  • Museum professionals advocate for Congressional funding during annual AAM Museums Advocacy Day
    Museum professionals advocate for...

    Comments Off on Museum professionals advocate for Congressional funding during annual AAM Museums Advocacy Day

  • IAAPA study examines how hard-hit attractions industry is from COVID-19 pandemic
    IAAPA study examines how hard-hit...

    Comments Off on IAAPA study examines how hard-hit attractions industry is from COVID-19 pandemic

  • Walltopia introduces Equipment Lease Financing Program for climbing and active entertainment products
    Walltopia introduces Equipment Lease...

    Comments Off on Walltopia introduces Equipment Lease Financing Program for climbing and active entertainment products

More in this category
  • Christie laser projectors take flight at Branson’s Beyond the Lens!
    Christie laser projectors take flight...

    Feb 26, 2021 Comments Off on Christie laser projectors take flight at Branson’s Beyond the Lens!

  • Space Center Houston to honor Apollo program during Spring Break
    Space Center Houston to honor Apollo...

    Feb 26, 2021 Comments Off on Space Center Houston to honor Apollo program during Spring Break

  • Jason Surrell joins Storyland Studios as Executive Creative Director
    Jason Surrell joins Storyland Studios...

    Feb 26, 2021 Comments Off on Jason Surrell joins Storyland Studios as Executive Creative Director

  • ZeeVee’s ZyPer Management Platform now natively supporting Smart Monkeys’ ISAAC API
    ZeeVee’s ZyPer Management...

    Feb 25, 2021 Comments Off on ZeeVee’s ZyPer Management Platform now natively supporting Smart Monkeys’ ISAAC API


Quick Takes

My Tweets

Latest Issue

Leads & Opportunities

  • Eleventh Hour seeks Technical Proposal Writer/Manager for entertainment company client
    Eleventh Hour seeks Technical Proposal Writer/Manager for...

    Feb 16, 2021 Comments Off on Eleventh Hour seeks Technical Proposal Writer/Manager for entertainment company client

    The position is ideal for a technical proposal writer who...
  • Little Canada seeks Visual Arts Specialist
    Little Canada seeks Visual Arts Specialist

    Feb 16, 2021 Comments Off on Little Canada seeks Visual Arts Specialist

    Little Canada is a highly detailed and animated journey...
  • Scenario seeks LA-based safety manager
    Scenario seeks LA-based safety manager

    Feb 15, 2021 Comments Off on Scenario seeks LA-based safety manager

    The main office/shop located in San Fernando with various...
  • Steelman Partners and Gensler designing 75 hectare resort near Angkor Wat
    Steelman Partners and Gensler designing 75 hectare resort...

    Feb 10, 2021 Comments Off on Steelman Partners and Gensler designing 75 hectare resort near Angkor Wat

    The initial phase is expected to be completed by 2025 at an...
  • Walt Disney Imagineering seeks Business Planning and Operations Executive
    Walt Disney Imagineering seeks Business Planning and...

    Feb 03, 2021 Comments Off on Walt Disney Imagineering seeks Business Planning and Operations Executive

    The Director will lead financial planning and tracking and...

Top Posts

  • VST Enterprises' technology being integrated into Circle Pass Enterprises' COVI-PASS Digital Health Passport
    VST Enterprises' technology being integrated into Circle Pass Enterprises' COVI-PASS Digital Health Passport
  • What will it mean to postpone Expo 2020 Dubai until 2021?
    What will it mean to postpone Expo 2020 Dubai until 2021?
  • Christie's new germicidal UV product for attractions
    Christie's new germicidal UV product for attractions
  • Crayola IDEAworks® traveling exhibit unleashes colorful creativity in young minds
    Crayola IDEAworks® traveling exhibit unleashes colorful creativity in young minds
  • Loveland Laser Tag implements Semnox's Klaimprize self-service redemption kiosks
    Loveland Laser Tag implements Semnox's Klaimprize self-service redemption kiosks
  • Lighthouse ArtSpace Chicago to open with US premiere of Immersive Van Gogh
    Lighthouse ArtSpace Chicago to open with US premiere of Immersive Van Gogh
  • SeaWorld announces Aquatica San Diego waterpark will transform into second Sesame Place theme park
    SeaWorld announces Aquatica San Diego waterpark will transform into second Sesame Place theme park

  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Instagram

Categories

  • IPM Interviews
  • Theme Parks
  • Museums
  • Water Parks
  • Attractions
    • Haunts
    • Zoos & Aquariums
  • World markets
    • Asia
    • Europe & Middle East
    • Latin America & Mexico
    • North America
  • Technology & Media
  • Business
    • Events
    • People
  • World Expos

InPark Magazine

2349 E Ohio Ave
Milwaukee, WI 53207 USA
262.412.7107
mpalicki@inparkmagazine.com

View our Privacy Policy

Copyright 2018 InPark Magazine / All rights reserved
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Instagram