If family entertainment giant Disney
After a disappointing start that found the park suffering from unfavorable reviews when it was crowded and critical editorials when the park appeared barren, one had to assume that it wasn't going to be an easy debut.
Recent Disney park openings like Animal Kingdom in Florida, California Adventure in California, and Disneyland Paris in France also had their initial growing pains, but this one was a little different. With the Chinese government bankrolling all but $314 million of the $2.5 billion to $2.7 billion investment to open the park in exchange for a 57% stake, success in Hong Kong would have made Disney an easy sell in other booming, populous regions like India or mainland China.
With the local government on the line for so much of the tab, Hong Kong Disneyland falling just short of its target isn't going to endear Disney to the locals or the media.
At this point, some patience is probably in order. It wasn't until the fifth year of operating Disney's Animal Kingdom that the wildlife park generated its first uptick in attendance. Disneyland Paris may not be going gangbusters at the moment, but it's much further along than when it was battling cultural differences in the beginning. Disney gets it right. It just doesn't always get it right, right away.
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Hong Kong didn't invest so much in Disney for a quick payback. A little patience will go a long way to getting the job done here.
Longtime Fool contributor Rick Munarriz did go to both Hong Kong and mainland China once. He looks forward to seeing how things have changed in that time. He owns shares in Disney and units in Cedar Fair. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.