Executive Summary Hong Kong Disneyland (Disney HK) is owned by Hong Kong International Theme Parks Limited‚ a joint venture company with 57 percent shares from the Hong Kong Government and 43 percent shares from the Walt Disney Company. One of the key reasons Disney HK was constructed is to create new jobs for both within Disney and through other employment opportunities and was also estimated to generate economic benefits for Hong Kong. This report would include a comprehensive analysis of the company
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1. How would you value the Hong Kong Disneyland project from the perspective of Walt Disney? The valuation of Hong Kong Disneyland from the perspective of Walt Disney is done by taking the following assumptions: Cost of Capital = 9.52% Cost of Government Debt = 8.19% Cost of Commercial Bank Debt = 11.36% Cost of Equity = 12.3% (10 year average) Inflation = 7.31% (10 year average) Gross margin = 37% Operating Cost = 22% Variable Management Fee = 5% With the above assumptions the FCF
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Being born in America is a privilege. This hit me when I took my first trip to Nigeria. As I exited the plane from a 16-hour flight‚ I could barely feel my legs because of how long the trip was. Everybody was so excited to leave the plane to see how Nigeria looked like. Don’t get it twisted‚ I was excited too but I wasn’t in any rush. As I finally ran out of the airport‚ I just remembered seeing people walking all around and looking at the new tourists that had just arrived. I was so excited to start
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Introduction The purpose of this assignment is to prepare as director of Disneyland Europe‚ two strategic scenarios for the next 5 years plan (2009-2014) for consideration by the board. Firstly will assume that the credit crunch is short- lived and that the European growth starts again in 2010-11. Secondly will assume that the credit crunch effect will get worse‚ combined with increasing prices in particular construction materials and fuel. It will provide recommendations and description on how Euro
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themed resort hotels‚ non–Disney hotels‚ theme parks‚ water parks‚ golf courses‚ a camping resort‚ a shopping district‚ and other entertainment venues. Magic Kingdom is the first and original theme park to open in the Disneyworld followed by Epcot‚ Disney’s Hollywood Studios‚ and Disney’s Animal Kingdom. Disney’s Magic Kingdom Park first opened on October 1‚ 1971. Back then an adult ticket for one day cost $3.50. Each park is unique in their own way. Magic Kingdom contains the world famous Cinderella
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LOOKED TO IT’S PAST TO SECURE IT’S FUTURE? Introduction – With over 15 million visitors in 2014‚ Disneyland Paris is officially Europe’s most visited tourist destination. And in 2015‚ Disney will open its largest park ever in mainland China. But Disney resorts have had a difficult history and heavy debt across several of the theme parks continues to lead many to ask what is the future of Disneyland? A Troubled History - In April 1992‚ EuroDisney SCA opened its doors to European visitors. Located
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Huge amount of visitors has also brought a huge consumption to Disney. It is said that California Disneyland has eat more than 4 million piece of hamburgers‚ 1.6 million pieces of hot dogs‚ 3.2 million copies of ice cream and 1.6 copies of popcorn each year. At the same time‚ these visitors produce an average of more than 30 tones of garbage per day. However‚ environmental management and conservation has always been an important part of Disney. Disney meticulously practice the concept of reduce‚
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completely confident that Chinese people love Mickey no less than they love a Big Mac.” Statement by Michael Eisner‚ CEO of The Walt Disney Company‚ during a trip to China in January 1999‚ Knight-Ridder/Tribune Business News‚ 16 June 1999. INTERNATIONAL THEME PARKS AND RESORTS: DISNEY EXPERIENCE Tokyo Disneyland [pic] Euro Disney (now Disneyland Paris) [pic] DISNEY AND CHINA IN THE 1990s Relations between the Disney Company and the government of China had not been particularly tranquil in
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further into Asia‚ they were not at all as successful as they had originally expected. With the success of Tokyo Disney Resort producers of Hong Kong Disney were projecting the same experiences to happen in Hong Kong. By using the failures found in Disneyland Resort Paris they knew what not to do in order to achieve greater worth of the Disney name abroad. Though Tokyo and Paris are completely different cultures‚ the adaptation of each culture was done in two different ways‚ varying the overall success
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teacher organized a cycling trip around Penang Island. So‚ I decided to join the cycling trip along with my 49 schoolmates’ and 2 teachers who will escort us. We gathered around 8 o’clock in the morning at the Tanjung Bungah. We were lucky because the weather was fine and sunny. The golden rays of the early morning sun brought much warmth and cheer. My friends and I was so excited and thrilled to wait for the trip to start. Before we start our journey‚ En.Hamdan‚ who is the trip organizer’s‚ gave us a
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