Aiming to reverse a decline in mainland Chinese visitors, Walt Disney Co is pumping $1.4 billion in to Hong Kong Disneyland for new attractions.
It will start with an upgrade of the Disney castle and add a new Marvel and Frozen themed zones.
Work will take place between 2018 and 2023.
"The expansion and development plan will enhance the competitiveness of Hong Kong Disneyland and the attractiveness of Hong Kong as a premier tourist destination," majority shareholder the HK government said.
The enhancements will help to ‘attract more high-spending and overnight visitors from more diversified market sources’ Hong Kong’s commerce secretary Gregory So said.
It recorded a loss last year after attendance dropped 9%.
That has continued this year with competition for mainland customers getting more intense after Disney’s biggest theme park to date opened in Shanghai this summer.
