Tech

Tokyo Disney Is Reportedly Getting a $2.7 Billion Expansion

Tokyo Disney Is Reportedly Getting a $2.7 Billion Expansion

Oriental Land Co.is considering spending several hundred billion yen to expand its Tokyo Disneyland and Tokyo DisneySea theme parks, informed sources said Wednesday.

The newspaper reported that sales have been flat at the parks since 2013, and that investors hope to attract an older customer and also more foreign visitors, in the wake of competition from other theme parks, including Disney's own parks in Shanghai and Hong Kong.

Financial writer Liz Weston of NerdWallet took her daughter to the parks in April 2016. However, OLC has officially announced that the Tokyo Disneyland Main Entrance will be renovated and a new parking structure will be built in the Tokyo Disneyland Guest Parking area. "The day we visited, the crowds were considered moderate, and we saw lines over three hours long for popular rides". It operates through the following segments: Theme Parks, Hotels and Others.

Oriental Land has entered negotiations on the new areas with licensor Walt Disney Co., with the details to be ironed out by May 2018.

Читайте также: Trump renews barb at North Korean leader; Russian Federation accuses United States of provocation

Neither the Walt Disney Company nor the Oriental Land Company has officially confirmed these plans at this time. A new multistory parking garage will be built to create space for the expansion.

The company has started talks with USA entertainment firm Walt Disney Co on the expansion plan, the Nikkei reported, without citing sources.

Oriental Land is the Japanese operator of the Tokyo Disney Resort, which started with the opening of Tokyo Disneyland in 1983 in Urayasu on the outskirts of Tokyo.

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