Disney Parks Why Do You Think That Essay

Length: 2 pages Sources: 4 Subject: Recreation Type: Essay Paper: #57292500 Related Topics: Amusement Park, National Park, Walt Disney, Strategic Thinking
Excerpt from Essay :

Disney Parks

Why do you think that the world's largest theme park operator, Walt Disney Company, was motivated to establish parks in Tokyo, Paris, and Hong Kong?

Disney Strategic Planning was able to find the optimal mix of income, family composition by key demographics, and favorability of national government to their expansion in each region (Data Monitor, 2004). The one area they had the most trouble with from a cultural and media relations standpoint was Euro-Disney in Paris (Forman, 1998). Disney pressed on however as the potential to attract millions of visitors from the United Kingdom, Germany, Italy and throughout western Europe galvanized their commitment to this market (Kepler, 2005). Tokyo was a completely different experience, with many Disney fans asking for a park to be built there and the per capita income and demographic factors aligning with Disney's most loyal customer bases (Kepler, 2005). Hong Kong is one of the most prosperous regions of Asia and also has an excellent demographic composition...

...

These factors led to the rapid development of Disneyland Hong Kong.

2. What particular market characteristics of each of those sites do you think were especially attractive?

Disney's executives and strategic planners considered the Asian market to have the greatest possible growth, and based on their research, chose to expand first in Tokyo where research showed a large and affluent fan base (Kepler, 2005). The decision to expand into Hong Kong was driven by the market size of China and the surrounding regions, their relative level of affluence, and the potential for outside investment to alleviate risk (Fowler, Marr, 2006). For Euro-Disney the primary objective was to have a theme park on the European continent, accessible to those Disney customers in the UK, throughout Western Europe, and across the Eastern European nations. Disney's market research had shown that the majority of these customers were saving…

Sources Used in Documents:

References

Data Monitor (2004) -- EuroDisney Profile. Reference Code 16537. Publication Date November 2004. New York, NY

Forman, Janis. 1998. "Corporate Image and the Establishment of EuroDisney: Mickey Mouse and the French Press" Technical Communication Quarterly. Summer 1998, Volume 7, Number 3 (Pages 247-258)

Geoffrey A. Fowler and Merissa Marr. 2006. Disney and the Great Wall; Hong Kong's Magic Kingdom Struggles to Attract Chinese Who 'Don't Understand' Park. Wall Street Journal, February 9, Eastern Edition.

Kepler Equities (2005) - EuroDisney Investment Brief. April 6, 2005. Kepler Equities. Catherine Rolland. New York, NY.


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