Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…read more
Wanda to expand tourism empire with US$30 billion investment
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
18th October 2016 - NEW DALIAN WANDA CULTURAL THEME PARK OPENS IN SOUTHERN CHINA
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.
The Complete Guide to Leisure Industry Products & Services.
The Fitness Generation is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/read more
Digonex is a leading provider of customised dynamic pricing solutions to clients in arts and entertainment, sport, attractions, cultural institutions and retail sectors. Digonex’s technology is…read more
Tim Batt Water Solutions are at the very forefront of the commercial aquatic business in Australia, with over 30 years specific experience supplying and installing chemical control and dosing…read more
Smart Connection Consultancy is a boutique sport and recreation consultancy who has become one of Australia’s leading advocates for the use of synthetic sports surfaces as a vehicle to grow…read more
TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide. Our…read more
Hidroplay welcomes you to the exciting world of children's Playscapes, waterslide's and Water Attractions. Appealing to families, Hidroplay increases patronage in your facility during those…read more
APT (Advanced Polymer Technology) is the leading global manufacturer of polyurethane-based materials, acrylic coatings and synthetic turf products for sporting and recreational applications. From…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!