Disney is considering adding three hotels to Hong Kong Disneyland, which is set to turn a profit for the first time.
The company is understood to be discussing the plan at board meetings with the government, the largest shareholder in the seven-year-old amusement park.
A source familiar with Disney's operation said the amusement park made a profit of more than HK$100 million on revenue exceeding HK$800 million in the financial year from October 2011 to this September - the first since it opened in 2005.
Attendance was up more than 10 per cent thanks to record numbers of visitors during summer and Halloween celebrations.
Its two hotels - the 400-room Hong Kong Disneyland Hotel and the 600-room Disney's Hollywood Hotel - had occupancy rates of about 80 per cent on weekdays and more than 90 per cent at peak times.
The results have encouraged Disney, which will own 48 per cent of the park by 2013, to consider expanding. It has worked on plans to develop new attractions on the seven hectares of land remaining for the park's first phase of development.
Building new rides is seen as the most effective way to drive revenue, but hotels are also on the agenda in the face of high demand for accommodation.
"It is unlikely for the three hotels to be built simultaneously … it would take one to three years to build a hotel," the source said.
Depending on its quality, a hotel would cost HK$1 billion to HK$4 billion with the government as biggest shareholder paying its share. A Disney spokesman would not comment on the figures, saying the annual performance results would be announced early next year.
Rival Ocean Park is preparing to put two hotels - Ocean Hotel at the park's main entrance and Fisherman's Wharf Hotel at Tai Shue Wan - out to tender in the first quarter of next year after the initial tender lapsed a year ago.
Park chairman Allan Zeman said the hotels were expected to be completed in 2015.
"Hotels are an important part of the park's future. We are working with the government on the most viable terms," he said.
The lapsed tender was based on the build-operate-transfer model under which bidders would build and operate the hotels and share the profits with Ocean Park before surrendering ownership after 30 years.
Change the scheme, Alter the mood! Electrify the boys and girls if you would be so kind!
I think TPR Should take some credit for this big jump in revenue! We did stay there in September and buy lots of stuff!
Before any more hotels are added though, I'd like to see a smaller scale Downtown Disney built as most of the year the park closes early and you're kind of just stuck at your hotel with nothing to do or having to take a bus, to train, to train to get anywhere.
Remember this will not be a typical Disney "Haunted Mansion". The prevailing leaks imply. Trackless ride system (like Tokyo Disney's Pooh's Hunny Hunt) versus omnimovers. The manor is not haunted, but becomes enchanted through the hijinxs of Lord Mystic's pet monkey. Effects used in Disney's Indiana Jones rides are expecting to re-appear in Mystic Manor. The manor is a owned by Lord Henry Mystic, a member of the same secret society as Tokyo Disney Seas' Harrison Hightower III.
As usual, my analysis is free of charge! Original enough to not steal someone else's quote as a signature
It's great that Disney is building unique attractions to make HKD stand out, rather than just another Haunted Mansion or Big Thunder. The park is a very nice Mini Magic Kingdom, but it needs more for guests to do.
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