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  • No doubt it is legally binding. But WDC does have a few solid reasons now to postpone any investment indefinitely.
    Contractors working on Disneyland are almost like their own sub-companies, they charge a lot of money from Disney (Disney is probably their one and only major customer since a certain high detailed level of finish is required to be considered their approved contractor, this I can confirm since I have supplied a contractor for a Shanghai Disneyland project a few years ago) and therefore will most likely co-operate with the situation.
    HK people/gov only paid for 50% of the amount needed for expansions, the other 50% still comes from WDC's pocket.
    WDC might have decided that the situation is not even worth investing their own 50% (for now at least).
    I don't think HKgov would sue Disney even if they run 1-2 years behind schedule, given the situation, everybody would understand.

    Comment


    • But actually the situation demands even more new tourist attractions as soon as the epidemic is over. if World of Frozen can open in 2021 it would be a good thing in terms of attracting tourists to return to HK.
      Jul 1992: Disneyland Paris
      Apr 2006: Hong Kong Disneyland
      Jul 2010: Disneyland and Disney's California Adventure
      Mar 2011: Hong Kong Disneyland
      Jul 2013: Tokyo Disneyland and Tokyo DisneySea
      Sep 2013: Hong Kong Disneyland
      Jul 2014: Disney California Adventure

      Comment


      • To speculate further :

        If the rumor is really true that they decided to wrap up all the rest and only keep working on the castle and they really decided that around Christmas, then that decision wasn't even made based on the corona-virus situation, most likely only based on consequences of protests. Meaning that their decision around Christmas could even be worse had the corona-virus already been known. Let's say that we are lucky that the castle works are still ongoing?

        For WDC to make the decision to :
        1/. outright cancel the most important attractions of the planned HK expansions
        2/. to postpone planned ones and even the ongoing ones (this is something no company would normally do, because restarting a project will further inflate the costs and an ongoing project is supposed to be a longterm strategy which the protest will have less impact on)
        3/. to divert from a legco approved funding agreement and time table

        All this might point out that WDC reached a certain point for them to rethink their "longterm" strategy for HKDL.
        I am just saying that, IF all these "tough" decisions were really made by them, they already know and planned that these decisions will lead to much bigger consequences for the park.
        What I would conclude out of this is that WDC wasn't particularly optimistic about HKDL's prospects for "at least" the coming 2 years and all this even without the knowledge of the corona-virus.

        Let's hope I get this all wrong.

        Comment


        • HKDL will announce its financial results for the year 2019 today. Obviously nobody expects anything other than a lot of red ink.
          Jul 1992: Disneyland Paris
          Apr 2006: Hong Kong Disneyland
          Jul 2010: Disneyland and Disney's California Adventure
          Mar 2011: Hong Kong Disneyland
          Jul 2013: Tokyo Disneyland and Tokyo DisneySea
          Sep 2013: Hong Kong Disneyland
          Jul 2014: Disney California Adventure

          Comment


          • https://www.scmp.com/news/hong-kong/...-hk105-million

            Hong Kong Disneyland Resort losses double to HK$105 million as decline attributed to anti-government protests

            Bosses at the Lantau Island attraction say the ‘very challenging’ summer of social unrest in Hong Kong is behind the losses

            The theme park is closed for the coronavirus but managing director says they remain optimistic to ‘weather the storm’

            The Disneyland resort in Hong Kong is closed for the coronavirus but the attraction says it is the protest crisis that is behind its grim figures published on Monday.

            Hong Kong Disneyland revealed on Monday its losses doubled to HK$105 million (US$13.4 million) in 2018/19 due to the city’s anti-government protests.

            The theme park on Lantau Island said the figure covering the year to September 2019 reflected poor performance during last summer’s escalating social unrest, which was sparked by the now-withdrawn extradition bill. The attraction’s net loss was HK$54 million in 2017/18.

            The three months between July and September last year eroded the strong growth it had recorded in the preceding nine months, it said.

            Stephanie Young, Hong Kong Disneyland Resort’s managing director, said: “The city has certainly faced a very challenging situation in the past several months and every aspect of Hong Kong has been affected by the social unrest, which began last June, as well as more recently the coronavirus development, not only here, but around the world.

            “Even the Disneyland park, along with major tourist venues across the continent, had to close to prevent the spread of the coronavirus.

            “The position we find ourselves in today is unfortunate … It’s important to remain vigilant and optimistic to weather the storm and come out of it stronger.”

            Earnings before interest, taxes, depreciation and amortisation (Ebitda), shrank 17 per cent to HK$1.1 billion in 2018/19, while revenue of HK$6 billion that year was virtually unchanged from 2017/18, according to the figures published on Monday.

            Visitor numbers dropped 4 per cent to 6.5 million in 2018/19. However, during the nine months to June 30 last year, Ebitda was up 20 per cent and revenue was 5 per cent higher year-on-year.

            The poor performance revealed on Monday afternoon marks the fifth straight year of losses at the theme park.

            Since June last year, opposition to the now-withdrawn extradition bill in Hong Kong has morphed into a broader anti-government movement, with radicals and police engaged in violent clashes.

            But the worst is yet to come for Disneyland, which has been temporarily closed since January 26 to prevent the spread of the coronavirus.

            Speaking at a media briefing, Young said a decision had not been made on reopening. And she declined to rule out lay-offs or pay cuts at the theme park, which employs 5,500 full time staff members and 2,400 part-timers.

            The pandemic has taken a heavy toll on tourism, with the government closing all but three checkpoints at the border with mainland China and people across the world avoiding international travel.

            Tourist visits to Hong Kong in February were nearly wiped out, with numbers cut by more than 96 per cent on the same month last year.

            To reduce its reliance on visitors mainland China, Young said the theme park would explore new sources of customers from markets such as Japan, Thailand and South Korea.
            Mainlanders accounted for nearly 80 per cent of Hong Kong's tourist arrivals and a third of Disneyland guests last year.

            Young said the revamped Castle of Magical Dreams attraction was due to open this year and would be followed by a new Frozen-themed area under a planned HK$10.9 billion expansion between 2018 and 2023.

            Tourism lawmaker Yiu Si-wing said he expected Disneyland to suffer further losses this year and would press for its shareholder Walt Disney to waive the loyalty and management fees levied on the Hong Kong resort.

            Young did not reveal the size of the charges in 2018/19 or whether an exemption would apply, but she added the fees were part of the contract between the American company and Hong Kong government.

            The government has a 53 per cent stake in Disneyland, with the rest controlled by Walt Disney in a joint venture.

            The coronavirus outbreak prompted Disneyland theme parks across the globe to close temporarily. The resort in Shanghai partially reopened earlier this month.

            Walt Disney said a two-month closure at its Shanghai theme park could cost the American firm US$135 million in operating income over the second quarter ending March 31.
            Jul 1992: Disneyland Paris
            Apr 2006: Hong Kong Disneyland
            Jul 2010: Disneyland and Disney's California Adventure
            Mar 2011: Hong Kong Disneyland
            Jul 2013: Tokyo Disneyland and Tokyo DisneySea
            Sep 2013: Hong Kong Disneyland
            Jul 2014: Disney California Adventure

            Comment


            • The financial results up to Sep 2019 wasn't too bad actually. I was expecting even worse.

              Obviously from Oct 2019 to Sep 2020 the financial results will be horrible.

              Other Chinese reports said the expansion plans are still continuing.
              Jul 1992: Disneyland Paris
              Apr 2006: Hong Kong Disneyland
              Jul 2010: Disneyland and Disney's California Adventure
              Mar 2011: Hong Kong Disneyland
              Jul 2013: Tokyo Disneyland and Tokyo DisneySea
              Sep 2013: Hong Kong Disneyland
              Jul 2014: Disney California Adventure

              Comment


              • https://www.thestandard.com.hk/secti...sing-its-touch

                Magic kingdom keeps losing its touch


                Hong Kong Disneyland suffered a net loss of HK$105 million - almost double from the last financial year and the fifth consecutive year the theme park has been in the red.

                The park enjoyed “a solid first nine months” in the fiscal year ended September 30, with an 11 percent year-on-year increase in revenue and 5 percent growth in attendance, Hong Kong Disneyland Resort’s managing director Stephanie Young said in a teleconference.

                But the social unrest, which began in June, significantly affected the fourth quarter key summer travel period, leading to a net loss for the year.

                The park posted revenues of HK$6 billion for the year, similar to the previous fiscal year, but earnings before interest, taxes, depreciation and amortization dropped 17 percent to HK$1.1 billion. Full-year attendance also dropped 4 percent to 6.5 million people.

                Around 41 percent of visitors were locals, while mainlanders and foreigners accounted for 33 percent and 26 percent respectively. There was a double-digit growth in the markets of Japan, South Korea and Thailand.

                “The position we find ourselves in is unfortunate ... it's important to remain vigilant and optimistic to weather the storm and come out of it stronger,” Young said.

                The results have not included the impact of the coronavirus pandemic, which forced the theme park to close since January 26.

                “There is no question that will have an impact on our business, so obviously, there is a lot of uncertainty with this year,” she said.

                She did not go into specifics on how the outbreak would impact on the loss figure, but said the park has a good business foundation and is well positioned for the future.

                The government is building quarantine units on government land at Penny's Bay near the park, but Young said the facility will not affect park operations.

                “It will be strictly separated from our operation with 24/7 police surveillance and medical staff. The transportation will be separated from the facility for the staff and quarantined individuals,” she said.

                Young said the Castle of Magical Dreams will be unveiled this year, as well as a new Frozen-themed area to be opened later, she said.

                The park currently has about 5,500 full time staff and 2,400 part timers but it has no plan to retrench or cut salaries.

                Young said the park has stepped up hygiene measures, including putting hand sanitizers at all entrances and more frequent cleaning.
                Jul 1992: Disneyland Paris
                Apr 2006: Hong Kong Disneyland
                Jul 2010: Disneyland and Disney's California Adventure
                Mar 2011: Hong Kong Disneyland
                Jul 2013: Tokyo Disneyland and Tokyo DisneySea
                Sep 2013: Hong Kong Disneyland
                Jul 2014: Disney California Adventure

                Comment


                • At least the castle is still scheduled to open this year followed by Frozen land next year or so.

                  Comment


                  • https://twitter.com/i/status/1242842066511474688

                    Castle of Magical Dreams will open for the 15th Anniversary
                    Jul 1992: Disneyland Paris
                    Apr 2006: Hong Kong Disneyland
                    Jul 2010: Disneyland and Disney's California Adventure
                    Mar 2011: Hong Kong Disneyland
                    Jul 2013: Tokyo Disneyland and Tokyo DisneySea
                    Sep 2013: Hong Kong Disneyland
                    Jul 2014: Disney California Adventure

                    Comment




                    • HKDler, apparently an insider, shared this image of Oaken's Sliding Sleigh on WDWNT forum.

                      Last edited by Asa; 04-13-2020, 08:08 PM.
                      Jul 1992: Disneyland Paris
                      Apr 2006: Hong Kong Disneyland
                      Jul 2010: Disneyland and Disney's California Adventure
                      Mar 2011: Hong Kong Disneyland
                      Jul 2013: Tokyo Disneyland and Tokyo DisneySea
                      Sep 2013: Hong Kong Disneyland
                      Jul 2014: Disney California Adventure

                      Comment


                      • From This is Mr B facebook site :
                        https://www.facebook.com/mrbpage/pho...type=3&theater
                        and labelled by HKDLer
                        Click image for larger version  Name:	WDI Arendelle HKDL.jpg Views:	0 Size:	79.4 KB ID:	8616977

                        Rumored :

                        The Arendelle castle will be a "prop" castle, meaning inaccessible for the public.
                        The Sliding Sleigh coaster will be much smaller then expected.
                        No projection face for the animatronics in frozen ride, just a real nice doll face like the ones in Little Mermaid ride in the US.

                        Comment


                        • Originally posted by Asa View Post


                          HKDler, apparently an insider, shared this image of Oaken's Sliding Sleigh on WDWNT forum.
                          This was released by the resort in 2018 during the opening of Moana.

                          Comment


                          • from This is Mr B facebook site :

                            HKDL Drone fly over video and pics :

                            - The castle seating area seems to be much further progressed. It is starting to look very impressive...

                            - The previous Autopia ride building is also removed now. Like speculated before, whatever they are going to do with it, it only involves 50% of the land of what they have originally marked Marvel Attraction 2023. This could indicate that they might be doing it in several phases OR plans might have changed. (Let's hope no budget cuts)

                            - Not much difference in Frozen area compared to the earlier Google map pic? I could be wrong...


                            Click image for larger version  Name:	Castle Drone.jpg Views:	0 Size:	65.0 KB ID:	8617228
                            Click image for larger version  Name:	Marvel Drone.jpg Views:	0 Size:	57.1 KB ID:	8617230
                            Click image for larger version  Name:	image_47792.jpg Views:	4 Size:	47.3 KB ID:	8617229
                            Last edited by hakjie11; 04-17-2020, 07:53 PM.

                            Comment


                            • Guys,

                              I know it doesn't make sense initially, but WHAT IF they have adjusted their vision, creating a Tomorrow Land Hub (which is just an entrance plaza with Orbitron and the existing Quick Service restaurant) as an entrance hub for 2 mini lands :
                              1/. a Marvel Area with a total of 3 rides with the Entrance between Ant Man ride and Iron Man souvenir Shop (rides : Ant man/ Iron Man Experience/ 2023 Marvel attraction/ Meet and Greet)
                              2/. a Star Wars Area with a total of 2 rides and 1 show with the entrance between the Hyper Space Mountain and the Jedi Training show. (attractions : Hyper Space Mountain/ re-allocated Jedi Training show/ Meet and Greet more inwards into the mini land / a Star Wars souvenir shop at the entrance of the area like the Iron Man one/ and maybe a new SW ride in the future)
                              Of course there would be another gate somewhere at back between Marvel and Star Wars area to make the people flow more convenient and
                              efficient.

                              Another advantage for a Tomorrow Land Hub, is the possibility to use this plaza hub area for the more cartoony IP's e.g. Baymax and Wall E and the Incredibles characters, who don't need their own land but don't fit anywhere else in the park besides Tomorrow Land.

                              I know several people online might have a similar idea, but all of them split the existing Tomorrow Land area in almost 2 equal parts and allocate them to Marvel and Star Wars (meaning Tomorrow Land won't exist afterwards). But with the official Government/Disney announcement there would be lands added instead of cancelled. This sub-hub area split up would mean they could keep their existing lands with Marvel added and later on maybe Star Wars area expanded. Another advantage is that they could preserve their own Movie universe immersion in their own mini land respectively, so visitors won't be seeing Storm Troopers in the background when you take a pic with Iron Man, it just breaks the immersion and separation makes much more sense.

                              Although I am not a Star Wars fan, I am still a believer that Star Wars won't be completely removed from HKDL, it is just a too important IP just like Marvel and they need it for their merchandise sales and regional Marketing push. A full fledged Galaxy Edge won't be realistic in HK, but a mini Star Wars area with 1 show, 1 shop, 1 coaster and a motion simulator ride in the future maybe? (Falcon ride?) is a very safe bet.
                              A full fledged Galaxy Edge might be more suitable for Tokyo or Shanghai.

                              Just the idea, not the right proportion :
                              Click image for larger version  Name:	TomorrowMarvelStarwars.jpg Views:	0 Size:	83.3 KB ID:	8617237
                              Last edited by hakjie11; 04-17-2020, 10:25 PM.

                              Comment




                              • A recent drone video over HKDL.
                                Jul 1992: Disneyland Paris
                                Apr 2006: Hong Kong Disneyland
                                Jul 2010: Disneyland and Disney's California Adventure
                                Mar 2011: Hong Kong Disneyland
                                Jul 2013: Tokyo Disneyland and Tokyo DisneySea
                                Sep 2013: Hong Kong Disneyland
                                Jul 2014: Disney California Adventure

                                Comment


                                • Click image for larger version

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                                  Another drone image of Fantasyland with Frozen expansion. I think it is very clear now the FEA will not splash into the lake as I wished. What a wasted opportunity.

                                  There are talks that with Arendelle opening a new Quick Service Restaurant, Clopin's Festival of Foods could be closed to be replaced by a Peter Pan dark ride. That would make sense but it will take more investment which is not easy in this economic climate.

                                  All I hope is that with the park closure, the current expansion work can be sped up and either become completed on time or even ahead of time.
                                  Jul 1992: Disneyland Paris
                                  Apr 2006: Hong Kong Disneyland
                                  Jul 2010: Disneyland and Disney's California Adventure
                                  Mar 2011: Hong Kong Disneyland
                                  Jul 2013: Tokyo Disneyland and Tokyo DisneySea
                                  Sep 2013: Hong Kong Disneyland
                                  Jul 2014: Disney California Adventure

                                  Comment


                                  • Yeah splashing into the lake is old school fun. Can't imagine how great the scenery must be at night after splashing into the lake.
                                    Btw the lake looks smaller then I hoped. I think they will mess around with the eye-trick-distancing views again (making the building/scenery/mountains at a distance smaller) to create the illusion of depth.

                                    HKLer labelled 2 x QSR (or 1 QSR with indoor and outdoor seating area) in the Frozen land, but even combined indoor and outdoor it isn't nearly as big as Festival of Food.
                                    With the increased attendances after opening Frozen Land, it doesn't look to be enough for all Fantasy-Frozen land visitors during lunch or dinner time.

                                    Peter Pan is one of my favourite rides, but it just seems a bit too good to believe.
                                    Even if money wasn't the issue (which will be like you said) and they are really transforming Festival of Food location into a dark ride, my bet would be something which they could sell some merchandises along with it.
                                    I hope not, but somekind of a Princess themed ride/ or permanent indoor show (due to its location next to the castle and bibbidi princess boutique) and after the ride/show they could buy their princess outfits at walking distance. (Maybe something themed after Maleficent or Cinderella? These are movies today's kids will be interested in).
                                    Last edited by hakjie11; 04-20-2020, 01:51 AM.

                                    Comment


                                    • Do you guys believe that Frozenland will be a catalyst for HKDL? Like what we have seen with cars land in California Adventure or no since Paris and Tokyo will also get the land

                                      Comment


                                      • HKDL mainly rely on inbound tourism from Mainland China and HK locals which is combined roughly 70% of its visitors annually. Visitors from other regions (Europe/US/other regions of Asia) make up for the remaining 30% only (roughly). So having a similar land in US, Paris or Tokyo won't really diminish its attractiveness in HK since its target groups are very different.

                                        Therefore it should be a catalyst for HKDL since this Frozen land is the only one in China and the park is still mainly targeted to Chinese in general and on top of that (personal opinion) HK Frozen Land still looks like the best and complete built out of all Frozen expansions globally. But on the other hand the earlier HK protests and economic consequences of Corona might have seriously reduced the inbound China tourism to HK even when all has been solved. But I guess all Disney Parks around the world might need to rely on their own locals for a long period of time after corona.
                                        Last edited by hakjie11; 04-24-2020, 10:07 PM.

                                        Comment


                                        • Click image for larger version

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                                          Just watched Avengers Infinity War and this was the Avengers Compound in the film. Obviously it was destroyed in Endgame, but is the only relevant concept.

                                          Hopefully HKDL's Avengers ride will share some semblance to this.
                                          Jul 1992: Disneyland Paris
                                          Apr 2006: Hong Kong Disneyland
                                          Jul 2010: Disneyland and Disney's California Adventure
                                          Mar 2011: Hong Kong Disneyland
                                          Jul 2013: Tokyo Disneyland and Tokyo DisneySea
                                          Sep 2013: Hong Kong Disneyland
                                          Jul 2014: Disney California Adventure

                                          Comment

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