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$1.4 billion Legoland Shanghai project to open early next year

01/05/2024| 2:01:08 PM|

A tourism boom has fueled the theme park market in China.

Legoland Shanghai Resort, the international IP-based theme park operated by British entertainment group Merlin Entertainments Ltd, is set to open in the spring or summer of 2025. It is expecting 3 to 5 million visitors per year.

Comprising a theme park and a hotel, the 10 billion yuan ($1.4 billion) investment features eight diversified lands, such as Lego city, Ninjago and Monkie Kid.

Three Legoland resorts are under construction currently in China, including Shenzhen Legoland Resort in Guangdong province with an investment of more than 7 billion yuan, and another in Sichuan province with an investment of over 3 billion yuan.

A tourism boom has fueled the theme park market in China.

In 2022, about 80 theme parks in the country saw their revenue grow 15.3 percent to 15.4 billion yuan, with 75.7 million visits, according to a report on the nation's theme park industry published by the Institute for Theme Park Studies in China.

Shanghai Disney Resort, Universal Beijing Resort and Shanghai Haichang Ocean Park rank as the top three in revenue. The number of parks is on the rise, according to the report.

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TAGS: theme parks | tourism boom | Legoland Shanghai Resort
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