After years of disappointing results, Hong Kong Disneyland has achieved record attendance and an improved balance sheet. The key to its turnaround, according to the man who led the world's smallest Disney theme park to its first profit in 2012, is expansion.
"[Expansion] is our key pillar and it set forth the solid foundation [for us] to be successful," Andrew Kam, managing director of Hong Kong Disneyland, told CNBC's " Managing Asia ."
Occupying approximately 55 acres when it opened in 2005, the park has since splurged on nearly half a billion to expand its total size by about one-fourth, with new attractions like the Toy Story Land, Grizzly Gulch and Mystic Point.
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