in emerging market. As it can be seen that Disneyland in Hong Kong failed because they lack of localization. For example‚ Disneyland Hong Kong assumed customers would follow the standard pattern of spending on average 20 minutes at meals. However the Hong Kong customers spend an average of 40 minutes‚ causing undesirable backups since Hong Kong Disneyland did not provide enough restaurants to serve customer need. Also‚ the dominant dialect in Hong Kong is Cantonese‚ while mainland Chinese widely
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Chinese regained sovereignty of Hong Kong. One of the important factors of Hong Kong is its economy. Hong Kong’s economy is characterized by low taxes‚ minimum government intervention and free trade. It is one of the largest trading economies in the world‚ as well as a major service economy‚ with strong links to the mainland China‚ and other countries in Asia. Hong Kong is also responsible for intermediating forty percent of China’s external trade. Hong Kong is governed by a principle of
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the growth of Hong Kong as a ‘global city’‚ and the forces which will determine its future growth development. Word count: 1952 words Globalisation that is happening in the world today gives rise to the context of global cities. This global city is advanced culturally‚ socially‚ politically and especially economically. Hong Kong is considered as a major city in the world. In fact‚ it is regarded as the 5th global city in the world. According to Mr. Andrew Chen of Hong Kong company incorporation
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Hong Kong is frequently described as a place where "East meets West"‚ reflecting the culture’s mix of the territory’s Chinese roots with influences from its time as a British colony. Hong Kong balances a modernised way of life with traditional Chinese practices. Concepts like feng shui are taken very seriously‚ with expensive construction projects often hiring expert consultants‚ and are often believed to make or break a business. Other objects like Ba gua mirrors are still regularly used to deflect
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Case Study Chase’s Strategy for Syndicating the Hong Kong Disneyland Loan Analysts: Bian Min‚ Luo Min‚ Wang Hongyu‚ Zhu Haidong Syndicated loan‚ with two or more bank lenders and a single set of legal documents‚ have gained tremendous popularity among corporations to finance their projects. This report aimed at evaluating the process by which Chase Manhattan Bank (“Chase”) syndicated the HK$3.3 billion Hong Kong Disneyland financing. To begin with‚ a detailed analysis of the first-round
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Background Hong Kong Disneyland was opened on 12th September 2005. It is the fifth Disney in the world‚ which only consisted of four themed areas at the beginning‚ which includes‚ Main Street‚ U.S.A‚ Fantasyland‚ Adventureland and Tomorrowland. However‚ there was a research in 2007 showing that Hong Kong Disneyland had plunged nearly to the bottom of the world’s 25 most popular themed park as it had low record of visitors. Hong Kong Disneyland had also been criticized for its attractions are being
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Dreams Come True The happiest place on earth is known to be Disneyland. A day at Disneyland has the magic that you wont be able to find anywhere else. When Disneyland was built‚ it was built for the young and the old‚ a place where families can take their children. It is a place that promises dreams to come true. Disneyland is a place where children smile in bliss and adults fly back in their childhood innocence. Spending a day at Disneyland is like walking into the movies of your childhood‚ those movies
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demographics of guests Hong Kong Disneyland is a fantasy and romantic place. Couples and family are the main guests in the beginning. Now‚ mainland visitors also are main of Hong Kong Disneyland guest. There have a lot of characters from famous Disney stories ‚such as Mickey Mouse‚ Minnie Mouse‚ Princesses . Thus it can attract children. Especially for 12 years children‚ they love these characters very much. And the girls love princess’s dress up‚ so they will always want to go Disneyland to find princess
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1. Disneyland Market Positioning and Expansion into the international Market Disneyland has pride itself to be a fantasy world‚ a place where people (regardless of age) can escape from reality (Appendix 1 shows that fantasy world is heavily weighted in the proportion of Disney movies). With this positioning statement that applies to everyone regardless of geographic location (Chinese have dreams and can fantasize as much as Americans or Europeans)‚ expansion into the international market may not
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tourism industry in Hong Kong further lost its lustre? For years‚ a huge amount of tourists from all over the world had flooded into the territory in search for Hong Kong¡¦s shoppers¡¦ and gourmets¡¦ paradise. However‚ recently‚ Hong Kong seems losing its edge in luring tourists. Hong Kong used to supply goods with cheap prices because of its simple tax system which charges low tax on almost every item except cigarette and alcohol. Because of that‚ clothes in Hong Kong are of good quality but
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