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🇸🇬 Singapore /Economy & Trade

Universal Studios Japan plans major expansion, Nikkei reports

From The Straits Times · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News From a news agency New plan
  • Universal Studios Japan plans a major expansion, investing between 200 billion and 300 billion yen ($1.59 billion-$2.39 billion), according to Nikkei.
  • The project will add new attractions on a 60,000 sq m site, the park's first expansion since its 2001 opening.
  • The company aims to increase annual attendance above 16 million visitors, capitalizing on rising overseas tourism to Japan.

Universal Studios Japan is preparing for a significant expansion, with investments projected to reach between 200 billion and 300 billion yen (approximately $1.59 billion to $2.39 billion), Nikkei reported on August 28.

This expansion marks the first time the theme park will grow its footprint since its opening in 2001. The company plans to utilize a 60,000 square meter site adjacent to the current park to construct new attractions. The operator is expected to sign a lease agreement with the Osaka municipal government around 2028 for a portion of the land, which was formerly a Nippon Steel factory site.

The operator aims to surpass its current annual attendance of 16 million visitors, a figure already leading among Japan's theme parks. This growth strategy is driven by the increasing number of overseas tourists visiting the country. Nikkei added that the park's grounds will extend onto the former factory site located north of its current property.

the company has not confirmed expansion plans for Universal Studios Japan.

— spokesperson for Universal Destinations & ExperiencesA spokesperson for Universal Destinations & Experiences provided a statement to Reuters regarding the reported expansion plans.
About this summary

Originally published by The Straits Times in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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