Palace wants to study plan to build Disneyland in Pampanga

[Altis6453]

I'm all in favor.

Obviously, the airport would have to be upgraded to meet US FAA if not ICAO standards so that international flights can go direct to Clark.

Second, the high speed rail system should be put on track (pardon the pun) so that those arriving from NAIA can go direct to Clark.

Third, there can be a deal done in order for both the LGU and the park to get some money. It should be a mix of revenue-sharing and fixed minimum income.

I think it's worth exploring since all you have is a lot of unused and untapped property in Clark.

[fourtheboys96]

I'm all in favor.

Obviously, the airport would have to be upgraded to meet US FAA if not ICAO standards so that international flights can go direct to Clark.

Second, the high speed rail system should be put on track (pardon the pun) so that those arriving from NAIA can go direct to Clark.

Third, there can be a deal done in order for both the LGU and the park to get some money. It should be a mix of revenue-sharing and fixed minimum income.

I think it's worth exploring since all you have is a lot of unused and untapped property in Clark.

Well, the question will be is there enough demand to being in the profit to keep this venture afloat i.e. enough to cover the fixed minimum income and the revenue-sharing.

[renzo_d10]

Siguro kung yung entrance fee katulad sa Enchanted Kingdom, possible.

Basta huwag lang aabot ng 900-1k/head medyo masakit na sa pandinig ng common families yun.

[Monseratto]

The Park were dreams come true...not in the Philippines. Many reason were already mentioned. Do you know Hong Kong Disneyland has been a loss making operation in the miilions of US$? It is partially owned by the HK goverment, so it is subsidized with taxpayer money. Eh yung PNoy goverment nga sobrang kuripot, papayag ba si Mickey kung di sasagutin ng gobyerno pag nalugi? The country is too poor to afford one...

Hong Kong Disneyland Narrows 2011 Loss to $30.5 Million

No profit in sight for the five-year old park, with local resentment growing.

HONG KONG – The Hong Kong Disneyland recorded a net loss of HK$237 million (US$30.5 million) on over HK$500 million in revenue for the fiscal year ending in Oct. 2011, the highest since the theme park opened its doors in 2005, but with still no profit in sight.

The company attributes the increased revenues of HK$3.63 billion, and EBITDA of HK$506 million, to a surge in park attendance, hotel occupancy, and guest spending.

Nevertheless, the theme park still recorded a net loss for 2011 – a three-fold improvement from the dismal results of a net loss of HK$718 million in 2010.

Visitors from China are the driving force behind the improved results, with 45% of total park attendees coming from there, marking an increase of 20% from 2010. Hong Kong visitors accounted for 31%.

Now in operation for five years, 31 million people have visited Hong Kong Disneyland.

In Nov. 2011, the theme park saw its first themed area in the HK$3.63 billion expansion project -- the 2009-approved Toy Story Land – completed and opened. The next two world-exclusive themed areas, Grizzly Gulch and Mystic Point, will be in service this summer and in spring 2013, respectively.

In a statement announcing the record earnings, the company justified the expansion plan, unpopular among local legislators, who likened the approval process as “being hijacked” when it was passed in 2009, by claiming it would create jobs in the fields of construction and hospitality.

The theme park and resort is a joint venture between The Walt Disney Co. and the Hong Kong government, holding 47% and 53% stakes, respectively. As cited in the initial agreement, Disney is compensated for 6.5% of EBITDA, or a total of HK$32 million. But the government currently receives no revenue due to the theme park’s continual losses.

U.S.-based Disney also maintained in its press release that the rise in revenue has “brought about HK$6.7 billion of value added to Hong Kong in fiscal year 2011, which is equivalent to around 0.4% of Hong Kong’s GDP.”

However, for all the company’s assertions of the theme park’s contribution to society, the Hong Kong government has already provided $420 million as equity and a $725 million as loan to the joint venture with the Walt Disney Co. since 1999, and has spent $1.4 billion on land reclamation fees and related community facilities.

[Altis6453]

The Park were dreams come true...not in the Philippines. Many reason were already mentioned. Do you know Hong Kong Disneyland has been a loss making operation in the miilions of US$? It is partially owned by the HK goverment, so it is subsidized with taxpayer money. Eh yung PNoy goverment nga sobrang kuripot, papayag ba si Mickey kung di sasagutin ng gobyerno pag nalugi? The country is too poor to afford one...

Government owning a stake in the proposed Disney Theme Park would likely not be the business model here. It's more like a build-own-operate scheme with a straight-up land lease, meaning, the proponent would shoulder all the development cost and lease the land.

What the project proponent would demand as a precondition is a huge investment or expenditure from both the national government and LGU in improving all major infrastructure (highways, roads, airport, rapid trains) which would make the theme park easily accessible by domestic and foreign tourists. It can also demand preferential tax treatment if not an income tax holiday for the first five years of its operations.


Also, its not likely to be subsidized by government so you can expect pricing of entrance to the park similar to what you'd find in HK. To accommodate domestic visitors from lower income brackets, the park can issue a limited number of tickets with a lower price for a specific period.

[CVT]

The Park were dreams come true...not in the Philippines. Many reason were already mentioned. Do you know Hong Kong Disneyland has been a loss making operation in the miilions of US$? It is partially owned by the HK goverment, so it is subsidized with taxpayer money. Eh yung PNoy goverment nga sobrang kuripot, papayag ba si Mickey kung di sasagutin ng gobyerno pag nalugi? The country is too poor to afford one...

E kung ganyan at palugi ang proposition,- huwag na lang....

I'm all in favor.

Obviously, the airport would have to be upgraded to meet US FAA if not ICAO standards so that international flights can go direct to Clark.

Second, the high speed rail system should be put on track (pardon the pun) so that those arriving from NAIA can go direct to Clark.

Third, there can be a deal done in order for both the LGU and the park to get some money. It should be a mix of revenue-sharing and fixed minimum income.

I think it's worth exploring since all you have is a lot of unused and untapped property in Clark.

Puwedeng i-advertise as family entertainment package... Iyong Nanay, mga Tiya at mga anak, sa Disneyland...

Iyong Tatay at mga Tiyo,- sa tabi-tabi... :naughty2:

15.4K:cosmo:

[oliver1013]

Sa simula ang pupunta may kaya lang, then pag lumaon at marami rami ng masang pilipino nakaipon para makapunta dito. Pinoy mentality, yung may kaya ayaw pumunta sa Disneyland Philippines kasi madami jologs, mas gustong nalang gumastos ng airfare at accomodation papunta HK wag lang makisabay sa masang pinoy.

[EE100shiro]

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[uls]

magtayo nalang ng theme park ang ABSCBN

gamitin nila mga fantasy characters na inimbento nila

[niky]

Disneyland would be a waste of money. There's already HK Disneyland and Disneyland in Japan... why come here?

We should focus on making unique attractions, instead.