Word: hong
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...Disneyland Hong Kong opened to great fanfare in September 2005, bringing in some 5 million visitors within its first year, according to Euromonitor International. The original theme park was seen as a bold step by Disney to make inroads into China, while Hong Kong hoped it would secure its place as a major tourist destination in Asia. Since then, however, visitors have dropped and losses have grown for the company. Disneyland has struggled even against local theme parks like Ocean Park, which attracts a larger number of visitors with its cheaper entrance fees and larger size. "Disneyland is a good...
...attempt to draw more international visitors, the new attractions will include two themed areas - "Grizzly Trail" and "Mystic Point" - which will be exclusive to Hong Kong's Magic Kingdom for their first five years. A third area, "Toy Story Land" - based on the Disney/Pixar Toy Story film - will be exclusive within the Asian region. The expansion will boost the total number of attractions to more than 100 and enlarge its current space by nearly a third...
...timing is certainly right. Analysts say Hong Kong Disneyland needs to expand to stand up to plans for a much larger Shanghai Disneyland in the next few years. Construction has not begun, but the Shanghai municipal government and Disney Co. signed off on a project proposal earlier this year. The new plan could also lift spirits at a time when Hong Kong's tourism has taken a hit on swine flu concerns. According to the Hong Kong Tourism Board, the number of new visitors to the city in May dropped a steep 13.4% year on year. For the first five...
...pictures of Hong Kong...
When the outlandish stock-market events of 2009 are tallied up, the initial public offering (IPO) in Hong Kong of Chinese herbal shampoo maker Bawang International will be a standout. Within 10 minutes of the June 22 opening of the subscription period for shares, one local brokerage, Bright Smart Securities, was swamped with the equivalent of $129 million in orders. In all, the shampoo company received more than $9 billion in orders from Hong Kong retail investors for an IPO that initially sought to raise just $215 million...