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November 22, 2004

Hong Kong Disneyland Park Opening Day Announced

Hong Kong -- Disney and the Hong Kong SAR Government announced that Hong Kong Disneyland will welcome its first guests on September, 12, 2005, earlier than originally projected. The world-class theme park and resort, located on Lantau Island, will be Disney's first theme park in China offering magical experiences for the entire family ranging from Broadway-style shows and signature Disney attractions to vibrant fireworks and parades.

"We are delighted to be joining with the Hong Kong SAR Government to bring guests from Hong Kong and around the world such a unique quality family entertainment experience. Over the past four years since the announcement of this project, we have been working closely with the Hong Kong SAR Government to make Hong Kong Disneyland a success, and we are grateful for their tremendous support in helping us deliver the magic even earlier than expected," said Don Robinson, Hong Kong Disneyland Group Managing Director.

"The announcement of opening day for Hong Kong Disneyland marks a key milestone for the development of Hong Kong tourism and the economy as a whole," said Henry Tang, Financial Secretary, Hong Kong SAR Government and the Guest of Honour at today's announcement. Tang said that Hong Kong Disneyland's opening would be a "driving force for tourism growth for Hong Kong, and family tourism development in particular," noting that this year's tourist arrivals are estimated to reach over 21 million, a rise of 37% over last year.

The Financial Secretary also highlighted that the whole economy will continue to benefit from the Hong Kong Disneyland project tremendously. "The project has already created 11,400 jobs during construction. Another 18,000 jobs are expected to be created in phases by opening. In the first 40 years after opening, Hong Kong Disneyland is forecast to bring about a huge economic benefit of $148 billion to Hong Kong as a whole," said Mr. Tang.

Noting that the project will be completed less than six years since its commencement five years ago in late 1999, the Financial Secretary said, "Never has a Disneyland been built so fast, achieving the same quality as other Disney theme parks and resorts." The project will also be completed within budget. The Financial Secretary said that Government would continue to render full support for a most successful opening.

Families visiting the Hong Kong Disneyland Resort will be taken on a magical journey through three themed lands, a charming Main Street U.S.A and two Disney-style hotels.

"Hong Kong Disneyland is designed for guests to leave the real world and enter one of fantasy, imagination and adventure," said Wing Chao, Vice Chairman, Asia Pacific Development, Walt Disney Parks & Resorts, and Executive Vice President, Master Planning, Architecture & Design, Walt Disney Imagineering.

"When the guests first enter the Hong Kong Disneyland Resort, they will notice immediately the lush landscape, colorful signage, and decorative light fixtures. With the classic Disneyland design, combined with fun and exciting attractions created specifically for Hong Kong, guests from all around Asia will experience the unique Disney brand of entertainment, creating memories that will last a lifetime."

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