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Business

Tokyo House of Mouse face-lift remains on drawing board

TOKYO -- Details surrounding Tokyo Disney Resort's large-scale 500 billion yen ($4.09 billion) expansion will not be revealed by the end of the year as originally planned, with the delay owing to the park operator's efforts to ensure a smooth rollout.

     "We will need more time for creating a project plan that is most suitable," Oriental Land said Tuesday through its public relations office. The company is apparently looking to make sure construction and other factors do not affect attendance numbers.

     The redevelopment project will involve doubling the size of Tokyo Disneyland's Fantasyland area and adding more attractions to it. Tokyo DisneySea will feature a new area with a Scandinavian theme. A roughly 10 billion yen facility where visitors can experience the world of the movie "Frozen" is also in the works. These attractions will open in sequence starting in fiscal 2017, with the whole undertaking set to wrap up in fiscal 2023.

     For other planned attractions, Oriental Land is still mulling themes and locations. Though the company has yet to decide when to publicize details of the project, the time frame will be set "in a way that will not hinder the openings of facilities between fiscal 2017 and fiscal 2023," said a source at Oriental Land. Some new attractions are expected to open in time for the Tokyo 2020 Olympics.

     The resort's performance has been flagging as of late. Attendance at Tokyo Disneyland and Tokyo DisneySea is projected to fall 3.1% on the year to 30.4 million people for fiscal 2015. Attendance for the half ended in September slipped 4.8% to 14.3 million.

     However, Oriental Land aims to bounce back in the second half since the period has several holiday-themed events. Attendance for October reached a record for the month. There are also attractions and events planned for next year featuring "Frozen" and the newly released movie "Star Wars: The Force Awakens."

(Nikkei)

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