Hong Kong Disneyland, located in China, is adding 1.4 billion dollars into new park attractions to appeal to new visitors.
Disney's smallest theme park has recently suffered losses due to weak local retail and tourism markets, causiing its first loss in four years in 2015. Hong Kong Disneyland also cut a number of jobs to counteract financial troubles.
Disney announced their plans to expand the park today, which will include a Marvel-themed land and a Frozen-theme land.
According to Reuters, "The Hong Kong government, which owns a 53 percent stake in the theme park, will chip in $750 million, while Disney will pay approximately $650 million for the expansion running from 2018 to 2023."
Samuel Lau, managing director of Hong Kong Disneyland said,"Everybody knows tourism in the region, especially in Hong Kong, has been challenging, so it's not just Hong Kong Disneyland."
"We need to quickly double up to make sure we invest in tourism in the long run. Some of these projects will take time to build and create, and now is the time."
According to Walt Disney World News Today:
"An epicenter of Marvel Super Heroes that will continue to unfold. From the launch of Iron Man Experience, the Marvel universe continues to grow at HKDL. Buzz Lightyear Astro Blasters will be reimagined into a brand new experience for guests to fight alongside the icons of the Marvel Universe. Further, another thrilling attraction dedicated to one of the most popular Marvel franchises will be added to expand the epicenter of Marvel Super Heroes as exciting events unfold in phases. These experiences will replace the Buzz Lightyear and Autopia attractions."
While Shanghai Disney continues to bring in more and more visitors, expansions to Hong Kong Disneyland will not only bring one of the world's most popular properties to life with Marvel Superheroes, but will also create plenty of jobs.