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Hong Kong Disneyland to Open Its Biggest Hotel as Visitors Surge

Hong Kong Disneyland plans to open its third and largest hotel by early 2017 to accommodate an influx of visitors from countries including China and South Korea amid intensifying competition from a local theme park.

The 750-room hotel will cost HK$4.26 billion ($550 million), the company said in a statement today. Hong Kong Disneyland posted a profit of HK$242 million, its second annual gain, in the 12 months ended September, more than double the HK$109 million a year ago, it said.