Oriental Land Company Planning 300bil. Yen Expansion for Tokyo Disney Parks

According to Kyoto News, the Oriental Land Company is in talks with Disney to license several character to plan a major expansion of 300bil. Yen or $2.7 billion. Some of the possible project are a multistory parking lot and new expansion projects for Tokyo Disneyland and DisneySea

Kyoto News expands on the reasoning behind the investment:

The investment, the company’s largest since pouring 340 billion yen into the 2001 opening of DisneySea, is aimed at attracting older people and visitors from abroad to boost ticket sales that have stagnated amid Japan’s falling birthrate and competition from rivals such as Osaka’s Universal Studios Japan and other Disney parks in Shanghai and Hong Kong.

Source:Kyoto News

Author: Rafael Gorrochotegui

Creo en la creatividad como un estilo de vida.