Clubware
Clubware’s online gym software is not your run of the mill management system. It has been carefully designed to incorporate all the elements that a fitness club would need. How did we do that?…
read moreWhile Ocean Park is expecting their recently arrived giant pandas to have a marked impact on their fiscal year 2024–2025, the Park’s financial results for 1st July 2023 to 30th June 2024 shows a US$9.2million deficit.
This is despite Ocean Park Hong Kong’s attendance and revenue reaching a five-year high.
In Ocean Park Corporation’s results for the financial year 1st July 2023 to 30th June 2024, revenue increased by 41% year-on-year to HK$1.181 billion. Visitor numbers grew by 33%, from 2.36 million to 3.14 million.
The theme park’s US$9.2 million deficit included operating costs rising by 17% year-on-year and spending on conservation and education having reached US$56 million, accounting for nearly 30% of the total operating costs.
The South China Morning Post is reporting that this year’s loss was partly due to the park not receiving a US$73 million government grant, which was provided the previous financial year.
Paulo Pong, chairman of the board of Ocean Park Corporation noted “Despite the ongoing challenges in the market following the pandemic, Ocean Park Corporation has seen significant growth in both visitor numbers and revenue, with a continuous influx of visitors.
“We will continue to pursue diverse revenue sources and aim for continued improvement in our financial performance over the medium to long term, despite prevailing external economic uncertainties.
“Through our operating income, we seek to contribute to society, future generations, and environmental conservation, thereby reducing reliance on public finances.”
In a statement, Ocean Park Corporation said it is effectively implementing a US$876 million redevelopment plan announced in 2021. This involves transforming the site into a resort destination with a focus on adventure, conservation and education.
The new adventure zone is due to open in 2028 with Ocean Park advising the new area is expected to attract a broader visitor demographic.
Pong added “as a non-profit organisation, Ocean Park Corporation plays many roles in Hong Kong. Not only are we an important tourist destination, but also an essential driver of conservation and education.
“Additionally, we are committed to promoting the integrated development of tourism, culture and sports.
“For the fiscal year 2024–2025, we will capitalise on the presence of six giant pandas in the park to drive citywide excitement, thereby increasing visitor numbers and revenue while promoting panda tourism and ecological conservation in Hong Kong.”
25th October 2024 - Ocean Park Hong Kong announces AJ Hackett partnership to deliver new adventure zone
26th September 2024 - Crowds welcome new panda arrivals at Ocean Park Hong Kong
20th December 2022 - Ocean Park Hong Kong announces readiness to again welcome overseas visitors
10th December 2022 - Ocean Park Hong Kong posts deficit of US$234 million
29th August 2022 - Water World Ocean Park Hong Kong becomes Asia’s first Autism-Certified waterpark
21st September 2021 - Ocean Park Hong Kong opens new Water World waterpark
5th July 2021 - Ocean Park Hong Kong presents preview of new Water World attraction
18th February 2019 - Revenue rises but deficit remains at Ocean Park Hong Kong
18th September 2017 - Ocean Park Hong Kong closes Halloween-themed haunted house after guest death
31st March 2016 - Ocean Park Hong Kong names new Chief Executive
27th March 2015 - Ocean Park Hong Kong launches Australian Outback-themed attraction
28th August 2014 - Ocean Park Hong Kong joins with Chinese operator to boost visitation
20th October 2013 - Ocean Park Hong Kong appoints ‘preferred developer’ for theme park hotel
22nd July 2013 - No evidence of dolphin mistreatment at Ocean Park Hong Kong
23rd November 2012 - Ocean Park Hong Kong acclaimed as world’s top theme park
15th December 2011 - New experiences help deliver double digit growth and record attendances at Ocean Park Hong Kong
Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?
As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.
The Complete Guide to Leisure Industry Products & Services.
Clubware’s online gym software is not your run of the mill management system. It has been carefully designed to incorporate all the elements that a fitness club would need. How did we do that?…
read moreAt easyemployer we've come up with a software solution that manages one of your most important, and often most costly, business resources - your staff. We are helping 100s of clients to…
read moreWith industry leading solutions in design and durability you can improve your facilities with our access control operations, payment systems and flexible personal locker storage solutions. Your…
read moreAugmented Creative is an open organization of like-minded and highly dedicated, creative people who conceive, plan and execute visual solutions. We pursue new and innovative visual ideas to help…
read moreNow TPEC Pool Enclosures - see www.ausleisure.com.au/suppliers/tpec-pool-enclosures
read moreHumanforce is a global provider of workforce management solutions for companies who need flexibility to manage complex workforces. Companies use Humanforce to manage everything from time and…
read moreBODY BIKE® International is a leading manufacturer of indoor bikes with a 20-year track record of creating the best indoor bikes. Stay connected with Body Bike Australia…
read moreAdvanced Aquarium Technologies (AAT) is a world leader in the design, construction, and operation of landmark public aquariums. Led from Queensland, AAT has delivered aquarium projects in over 25…
read moreGet your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!