← "Hong Kong's sisters are doing it for themselves" | Return to Main Page | "Daily linklets 12th September" → | TrackBack (1)
September 12, 2005
Magical Mickey Maths
Boys, girls, Mr Vice President:
Today Hong Kong Disneyland opens. A world of fantasy and adventure, where nothing is quite as it seems. From the comfort of your PC you can take a tour of the numbers behind the scenes. Then finish off with a handy hint for anyone visiting Hong Kong's little piece of (culturally sensitive) Americana.
Magical Mickey Maths
Hong Kong Government's revenue projection over 40 years: HK$148 billion
Figure Government is using to make projection: total revenues from park, jobs and tourism receipts.
Number of jobs created by HK Disneyland: 5,000
Average wage of Hong Kong non-management/professional employees: HK$10,382 a month
Hong Kong Disneyland size: 299 acres
Money spent by Hong Kong Government on Hong Kong Disneyland: US$3.3 billion
Early estimate of number of Guangdong tourists staying overnight in Hong Kong: 16.6%
Percentage of revenues that go to Disney under royalty and other agreements: "most" for the first 40 years
SCMP's view: Nor should we be overly worried about the financial figures; Disneyland in Florida and Paris opened with as much controversy, yet have become overwhelmingly as successful as Disney's other resorts.
Number of feral dogs caught: 40
Estimated opening date of Shanghai Disneland: 2010
Everyone knows the fireworks are at 9pm. The trick to a trouble free visit is to get to the park around 8:45pm. If you're prepared to forgo the fireworks, the park is your oyster. No queues, no crowds. It only takes 30 minutes to circumnavigate the park, so with a bit of luck you can be back on the train before the crowds at 9:15pm.
One other hint: be careful of Donald Duck getting too friendly...not that there's anything wrong with that.
Hong Kong Disneyland: Build it and they will come
TrackBack URL for this entry:
Send a manual trackback ping to this post.
HONG KONG UPDATE
Excerpt: It’s been a while since I’ve written about my former hometown, Hong Kong. Yet, it continues to come up regularly and people always – and that means always – ask me if I left because China took over sovereignty in...
Tracked: September 13, 2005 12:01 PM
That's beautiful... a savage riposte to the feeble government cover-up of the biggest waste of taxpayer money in Hong Kong on record.
The 1% size comparison of HK Disney to Florida Disneyworld is particularly impressive. It's a very small world after all!!!posted by: HK Dave on 09.12.05 at 12:14 PM [permalink]
The white elephant is big enough. The smaller it is, the less harm it will do.posted by: Letters from China on 09.12.05 at 04:27 PM [permalink]
While not wanting to take away from your hatred of anything disney related, your economic argument that the benefit is better valued purely on net profit is a bit scary to read. Do you value your children purely on the income they bring in to the household? Of course not. And similarly, no government, not even the most capitalist, measures its success purely on 'net profit'. You are completely ignoring social benefits and flow on effects. Tourists who come to the park will invariably have to stay somewhere, will have to eat somewhere and will use serivces. none of this is included in 'net profit' of Disney. The new employees will be spending their income at places other than Disneyland (unless they have young daughters).
I'm not suggesting for a moment that the park is not a complete waste of money, nor that the HK government has a great deal to answer for, but you cannot possibly measure the success of a project of this size by just looking at the bottom line of the core business you capitalist pig.posted by: paul on 09.13.05 at 08:48 AM [permalink]
And another thing - a tad hypocritical of you to complain about HK Disney when the adds on your site are for HK Disney hotels.... You planning on adding your add revenue to the 'net profit' of Disney to assay its true worth?posted by: paul on 09.13.05 at 08:51 AM [permalink]
I'm fleecing them for what I can, as I can. I consider it a repayment of my tax dollars.
Oink oink.posted by: Simon on 09.13.05 at 09:14 AM [permalink]
I have always enjoyed your links :)...
..so i got curious and clicked into the link to Mcguire's blog. i have some comments, but i think i better put it on a more reputable site (this one) rather than one based solely on fabricated 'facts'.
McGuire also chose to ignore the fact that East Turkmanstan terrorists were among the prisoners found in Afghanistans (then Guantanamo), and that they have planted many bus bombs in Urumqi and Beijing between 1997-2001, until bin Laden's camp was rooted out by US.
anyway, good entertainment :) thanks!posted by: sunbin on 09.13.05 at 11:08 AM [permalink]
Sun Bin - I used the word alleged as McGuire has long had an axe to grind...but that doesn't make it any less interesting.posted by: Simon on 09.13.05 at 05:43 PM [permalink]
ohh, just found that the comment should have been for the next post, apologies :(posted by: sun bin on 09.14.05 at 03:03 AM [permalink]