Walt Disney Co DIS 0.11% is expected to open its brand new Shanghai Disney Resort in mid-June, and J.P. Morgan analyst Alexia Quadrani believes the park will provide a shot in the arm for Disney’s international business.

According to Quadrani, about 300 million people live within a three-hour travel radius of the new park. Her preliminary conservative estimates are that the park will host abot 12.5 million guests in its first year of operation which will spend an average of about $70 each per visit. In addition, J.P. Morgan is predicting hotel occupancy of 75 percent and average room guest spend of $325.

Overall, J.P. Morgan projects that Shanghai Disney will generate roughly $1 billion in revenue and $50 million in operating income in fiscal 2017, numbers which will continue…

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