×
You will be redirected back to your article in seconds

China’s Wanda Unveils $2.5 Billion Theme Park in Guilin

China’s property to entertainment empire, Dailan Wanda group has started construction of a cultural tourism center near Guilin, in the Guangxi region. Cost of the project is pegged at $2.46 billion (RMB16 billion.)

The Guilin Wanda Cultural Tourism City, in China’s southwestern Guangxi Zhuang Autonomous Region, will include an amusement park, a film park and an ocean park. The 200 hectare site, with a built out area of 1 million square metres, will also find room for five and six star hotels, retail and leisure facilities, a stage show and amusement park rides.

The mega-project is the 11th large-scale location based entertainment facility for Wanda in China.

The opening is scheduled for 2020 and Wanda is forecasting 20 million visitors in the first year. It says they will bring in annual $770 million (RMB5 billion) of tourism income.

Guilin is already a major tourist destination in China with some 40 million visitors per year. It is famous for its limestone topography and woodlands. Wanda says its theme park will fill in some of the gaps in what the district can offer.

International conglomerates are also now building theme parks to cater to China’s growing middle classes and their surging demand for tourism, leisure and entertainment. The Shanghai Disney Resort opens next month on June 19.

Popular on Variety

More Biz

  • Overall View of the Rose Bowl

    One Dead, One Injured in Rose Bowl Parking Lot Shooting

    One person was killed and another was injured Saturday night following a shooting in a Rose Bowl parking lot, the Pasadena police confirmed. According to a statement from the police department, police responded to reports of a physical altercation and shots fired at 11:22 p.m. near the area of Arroyo Boulevard and Seco Street, where [...]

  • Felicity Huffman

    Felicity Huffman Issues Apology After Receiving Prison Sentence: 'There Are No Excuses'

    Felicity Huffman issued a long statement of apology on Friday after receiving a two-week prison sentence for paying to illegally boost her daughter’s SAT score. In the statement, Huffman, in addition to saying  she accepts the court’s decision, acknowledges and apologizes to other parents fighting to get their children into college. Along with the prison [...]

  • Actress Felicity Huffman (C-L) and her

    Felicity Huffman Sentenced to 14 Days in Prison in SAT Cheating Case

    Felicity Huffman was sentenced on Friday to 14 days in prison for the crime of paying $15,000 to boost her daughter’s SAT score. Judge Indira Talwani also ordered her to serve 250 hours of community service and a year of probation, and pay a $30,000 fine. The sentence came as a surprise, as Talwani had [...]

  • NEW YORK, NEW YORK - SEPTEMBER

    Rihanna Sings (Briefly), Pharrell and DJ Khaled Rock the Mic at Star-Studded Diamond Ball

    In just five years, Rihanna’s Diamond Ball has become one of the music industry’s biggest events of its kind, nearly on the level of the Clive Davis Pre-Grammy Gala. While there are several dazzling charity events with equal starpower and often-unique performances, what makes the Diamond Ball different is, obviously enough, Rihanna’s supernova aura and [...]

  • Amber Heard Seeks Info on Johnny

    Amber Heard Seeks Info on Johnny Depp's Arrests and Substance Abuse

    Amber Heard is asking Johnny Depp to turn over records related to his arrests and drug treatment, as her lawyers defend her from a $50 million defamation suit. Depp filed suit in March, accusing his ex-wife of tanking his career by writing a Washington Post op/ed alluding to her domestic violence allegations against him. Heard [...]

  • David Nevins, Chief Creative Officer, CBS

    David Nevins: CBS-Viacom Merger to Create 'Virtuous Eco-System' for Content

    CBS and Viacom leaders are looking for opportunities to create a “virtuous eco-system” for content that can prosper across the various platforms of the two companies that are set to merge by year’s end. That was the sentiment shared by David Nevins, chief creative officer of CBS and chairman-CEO of Showtime Networks, during a Q&A [...]

More From Our Brands

Access exclusive content