The global recession led several U.S. theme parks into the ground and halted construction on a number planned for the Middle East, but in Asia, amusement parks are being built with haste.
A Universal Studios is expected to open its gates in early 2010 in Singapore while Hong Kong awaits the $750 million revamping of Ocean Park slated for completion in 2013. Hong Kong’s Disney land is also expanding with an estimated price tag of $465 million.
Elsewhere in the East, Malaysia is breaking ground on Asia’s first Legoland expected to open in 2012 and a Disney Land has been approved in Shanghai.
When completed, the theme parks are expected to be a draw for the East’s expanding middle class. Where them park attendance in the U.S. has declined, turnout to parks in Asia has been steadily climbing as the region maintains a stability that eludes much of the rest of the world.
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