The Walt Disney Company opened its first park, Disneyland, on July 17th, 1955, and it was a total disaster. How the times have change. Despite a disastrous opening day so many decades ago, Disney has opened six more resorts all around the globe from Hawaii to Tokyo.
All of Disney parks are rated highly today and often rank in the best theme parks in the world. What’s more, their second quarter earnings of 2018 are way up. The only thing left for Disney to do now is to build more parks!
Even Bob Iger, the Company’s CEO, agrees saying that Disney is “engaging in conversations with people from different markets who would love us to put Disneyland in their market”, and there’s widespread interest in the Disney brand. This not only means expansion in existing parks but also building new parks! But where?
Iger hasn’t given a location, but they look for political stability, spendable income, and potential issues when it comes to things like infrastructure when they’re thinking about expanding or building in a location. Disney is definitely considering building new parks in new parts of the world, but they’re also harnessing existing opportunities.
Here at home, Star Wars: Galaxy’s Edge is opening in both Disneyland and Disney’s Hollywood Studios. Toy Story Land is also opening in Disney’s Hollywood Studios in just a few months, and a smaller version will be coming to Shanghai Disneyland in the future.
Disney sees the opportunity to expand in China even though recent earnings have been down. They’re also looking at Disneyland Paris and Hong Kong Disneyland since they’re experiencing growth in operating income, attendance, room occupancy, and spending in the parks.
So while there isn’t really “breaking news” to report just yet, know that it is coming! Disney is notoriously slow when it comes to construction and even slower to officially announce anything.
Where would you like to see Disney build a new park?