Six Flags plans ‘multiple’ theme parks in China
Theme park operator Six Flags Entertainment Corp. hopes to extend its footprint overseas with plans to build several theme parks in China.
It has formed a "strategic partnership" with Riverside Investment Group, which develops real estate in China for ‘multiple’ Six Flags-branded theme parks.
"Our international expansion strategy is focused on finding the right partners in the right markets, and Riverside Investment Group will be the perfect strategic partner for us in China," said Six Flags CEO Jim Reid-Anderson.
No further details have been disclosed and it comes just two months after Six Flags joined with Meraas Leisure and Entertainment in the UAE to develop a theme park in Jebel Ali, Dubai.
Six Flags currently operates 18 parks in the US, Mexico and Canada with annual revenues of around $1 billion.
The International Association of Amusement Parks and Attractions says Chinese theme parks received 180 million visitors in 2013, up 6% from the previous year.
However it projects that to rise sharply to 320 million tourists in the next decade, surpassing attendance figures in the US for the first time.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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