In the area of Disneyland. Also the Outlet (like Disneyland) will be completed during 2015.
The
Shanghai Village will open in
Shanghai during 2015 and will be one of the largest retails outlets in Asia. Built over an area of 50 thousand sqm, the large village of shops and restaurants will be built close to Disneyland (which also will open in 2015), in the Pudong area called
Shanghai International Tourism Resort Zone. The large structure will be built by a joint venture between Europe and China, the European outlet operator Value Retail and the Chinese
Shanghai Shendi Group.
Value Retail has already built La Vallee Village an outlet near the Disneyland in Paris in 1999 and will use all the experience accumulated in achieving the
Shanghai project, said Scott Malkin, chairman of Value Retail. The 'Village Shanghai' will have a European style, and will have as its model the beautiful Bicester Village in Oxfordshire, England (also built by Retail Value).
WITH the completion of major tourism projects in the year 2015, it is expected that Shanghai's Tourism will reinforce and develop further, continuing to attract an Increasing number of visitors and business travelers. Based on the research called China Hotel Report, 2013 (by Knight Frank Research) on the five biggest cities in China (Shanghai, Beijing, Hong Kong,
Macau and Guangzhou),
Shanghai is the second largest city in China for offering of luxury hotels. In fact, in its 5-star hotels had 25.619 rooms in 2013, following
Beijing with 33,940.
The
Shanghai resort that houses the first Disneyland on the Chinese mainland will add a luxury shopping compound next to the theme park to tap the consumption potential of visitors, the resort's operator said on Monday.
Shanghai Shendi Group, operator of the
Shanghai International Tourism and Resort Zone (SITRZ), on Monday announced a joint venture with retail outlet developer Value Retail to build a luxury shopping compound next to the
Shanghai Disney Resort. Value Retail's Chairman Scott Malkin said the shopping compound, called
Shanghai Village, will be "the most important tourism outlet shopping location in Asia."
Covering 50,000 square meters, the compound will boast a number of international and Asian brand stores as well as restaurants and cafes and is expected to open in autumn 2015, according to Value Retail. The developer has previously opened a similar shopping outlet next to the Disneyland in Paris, France, and is set to open its first shopping compound in China in May, in the tourist city of Suzhou in east China's Jiangsu Province. Fan Xiping, chairman of the
Shanghai Shendi Group, said the shopping compound will be the SITRZ's second iconic project after the
Shanghai Disneyland.
The group said it pinned high hopes on the shopping compound to generate tourism and retail sales. Neither the group nor Disney has provided an estimate of the number of people who will visit the park or the revenues these visitors are expected to generate. However, Shendi said the 2010
Shanghai World Expo, another event that brought a large number of visitors from home and abroad, hinted at how the joint venture will boost retail sales in the resort. The expo attracted 70 million visitors and contributed 4.5 billion yuan (730 million U.S. dollars) in retail sales in six months.
