Latest News

Back to Latest News back

 

Wanda to expand tourism empire with US$30 billion investment

Wanda to expand tourism empire with US$30 billion investment
December 2, 2016

Chinese real estate, entertainment and tourism giant the Dalian Wanda Group has announced two US$15 billion development projects in China, in another example of Chairman Wang Jianlin’s plans to make the group the world’s largest tourism entity by 2020.

The two major projects were, announced in the space of a week, are to to build theme parks, commercial centres and sport developments in Xi’an and Hunan Province.

In Hunan, a US$8.8 billion Wanda City will become the second in central China following Nanchang Wanda City. In addition to becoming a world-class tourism destination, Wanda will spend a further US$7.35 billion building 15 shopping malls in the region.

In Xi’an - the former Chinese capital home of China’s famous Terracotta Warriors – the group will invest US$7.3 billion in the development of a further Wanda City, while an additional US$7.7 billion will be invested across the province to develop commercial properties, and enhance culture, internet technology and finance.

The investment will also include 19 shopping malls built across 10 cities.

With his Wanda City plan, Wang is attempting to topple Disney as the world’s largest tourism enterprise by 2020. By that time, Wang wants his parks to have welcomed more than 200 million people and be earning annual tourism income in excess of US$14.9 billion.

Wang (pictured above) opened two Wanda Cities in Hefei and Nanchang this year, with plans to have 15 such projects across China by 2020. Wanda is also plans to open a further five complexes overseas. 

28th November 2016 - CHINA’S PLAN TO MASSIVELY EXPAND ITS SPORTS INDUSTRY

18th November 2016 - WANDA GROUP SELECTS PREMIER RIDES TO DEVELOP ‘WORLD FIRST’ THEME PARK ATTRACTION

15th November 2016 - INVESTMENTS IN CHINA’S THEME PARKS DRIVING ASIAN TOURISM

24th October 2016 - WANDA HIRES FORMER HONG KONG DISNEYLAND MANAGING DIRECTOR TO RUN THEME PARK DIVISION

18th October 2016 - NEW DALIAN WANDA CULTURAL THEME PARK OPENS IN SOUTHERN CHINA

8th January 2016 - WANDA’S LEGENDARY ENTERTAINMENT ACQUISITION LEADS TO JURASSIC WORLD THEME PARK SPECULATION


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

TICKETSERV

As of 2018, TicketServ operates as SeatGeek Asia Pacific Pty Limited, part of international ticketing platform SeatGeek. Click here to contact SeatGeek Asia Pacific via their entry in…

read more

Attractions / Entertainment / Events / Sport / Ticketing

 
 

Mattioli

Mattioli provides award winning painting, flooring and waterproofing services to the aquatics and recreation sector. We’re recognised as the leading contractor in the industry with award-winning…

read more

Aquatics / Recreation / Safety

 
 

VIVATICKET

As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd.  19th July 2018 - ENTA AUSTRALASIA REBRANDS AS VIVATICKET 17th October 2016…

read more

Attractions / Entertainment / Sport / Ticketing / Venues

 
 

Aflex Inflatables

Aflex Inflatables are the leaders for obstacle courses, pool toys, waterparks and land-based watersides and fitness runs. They are industry leaders offering the widest range of pool, lake and beach…

read more

Aquatics / Play / Waterparks

 
 

Summit Fitness

Summit Fitness Equipment is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/

read more

Fitness / Recreation / Technology / Wellness

 
 

The Retention People Australia

TRP help health clubs, leisure centres and gyms across the globe create happy, loyal members through our user-friendly software which enables effective engagement and the delivery exceptional customer…

read more

Fitness / Marketing / Recreation / Technology / Wellness

 
 

LANDER & ROGERS

Lander & Rogers' Sports Business Group is the leading sports law practice in Australia, representing over 150 national and international sporting bodies. Our clients include international…

read more

Legal

 
 

SENtag

Developed in Europe, this innovative system offers a safety management solution for swimming pools that checks individual swimmers via their wristband - monitoring their depth and time. Sensors…

read more

Aquatics / Hospitality / Safety / Technology / Waterparks

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business