Latest News

Back to Latest News back

 

Government backs US$46 million makeover for Hong Kong’s Ocean Park

Government backs US$46 million makeover for Hong Kong’s Ocean Park
January 19, 2021

The Hong Kong Government is to provide HK $361 million (US$46 million) for a makeover of the administrative region’s Ocean Park into a new style of tourism destination with a role as marine conservation hub.

Operating at a loss for the last four years, the further injection of funds into the 44-year old theme park will see it change its emphasis, moving from a traditional theme park to a self-sufficient marine conservation centre and visitor destination.

In a statement, Edward Yau Tang-wah, Hong Kong’s Secretary for Commerce and Economic Development, advised “Ocean Park is more than a theme park, more than roller-coasters.

“We agreed that the Park should steer away from the conventional development model of theme parks, cut down on facilities and related expenses which are not cost-effective and re-orient its development focus back to education and conservation.”

Secretary Yau added that, going forward, Ocean Park would focus on its “unique natural setting” and its “synergy with other attractions and developments in (its) vicinity.”

The funds will come in two tranches, with a one-off payment of $251 million (US$32.4 million) to act as working capital while $144 million (US$18.6 million) will be allocated for running costs for four years of conservation and education programs.

Facing declining visitation and massively impacted by the COVID-19 pandemic, Ocean Park has received a repeated financial support from the Hong Kong Government.

The Government has also said it will waive interest payments on loans, easing the Ocean Park’s debt burden.

First revealed at the beginning of 2020, when it was announced as “comprehensive blueprint for the future that aims to create an adventure-themed resort destination with a focus on nature, conservation and edutainment”, the newly stated repositioning aims to turn Ocean Park into an open-air classroom as well as an adventure-themed resort.

It will see guests explore seven themed zones - Ocean Square, Azure Bay, Discovery Grove, Pacific Point, Adventure Valley, Explorers Wharf and Ocean’s Edge – along with a new indoor education centre.

Each zone will feature a range of immersive edutainment experiences with rides presented as part of themed experiences.

Adopting a new approach to increase spending and attract more visitors, interim plans show Ocean Park’s lower areas restructured as a ‘retailtainment’ zone with F&B outlets.

This area would not incur entry fees and would be rented and run by third party operators, lowering operating costs for Ocean Park at the same time as providing rental income.

A new building will become a venue for concerts and other cultural performances, building on a new initiative intended to transform the southern district of Hong Kong into an arts and culture hub.

Some of the park’s rides will be retired while new temporary rides may be installed. Annual passes will end and the park will move to a pay-as-you-go model for rides in the upper summit area of the park. The aim is to attract visitors with more flexible and affordable options.

In addition, work on its much-delayed HK$4 billion (US$516 million) all-weather waterpark - with 27 indoor and outdoor attractions - is currently approaching completion with an August opening date now scheduled.

Secretary Yau concluded “we want to make Ocean Park a regular place for locals to hang out and change it from the previous pattern of once-a-year visits.”

Images: Ocean Park's summit (top), the current state of work on its waterpark (middle) and a 2020 concept for the lower area (below).

Related Articles

5th January 2021 - Universal Beijing Resort moves towards May 2021 opening

30th December 2020 - Almost half of China’s 1.4 billion population spend less than US$150 a year on leisure activities

13th November 2020 - IAAPA announces 2020 industry Awards winners

19th October 2020 - New accesso guide charts the reimagining of the guest journey post-COVID-19

16th October 2020 - Theme park marketeers reach out to guests and new audiences

23rd September 2020 - Hong Kong Disneyland to reopen with reduced capacity and health and safety measures in place

11th September 2020 - 2020 Asia Amusement and Attraction Expo draws more than 22,000 attendees

29th June 2020 - Hong Kong Tourism Board hosts Global Online Forum on post COVID-19 travel

10th June 2020 - Hong Kong’s theme parks to reopen as Government looks to reboot tourism

20th May 2020 - Hong Kong legislators struggle with Ocean Park bailout

12th May 2020 - Hong Kong’s Ocean Park faces closure as Government considers financial aid package

12th April 2020 - Ocean Park’s pandas mate during Coronavirus lockdown

26th January 2020 - Coronavirus fears sees closure of Hong Kong and Shanghai Disney resorts

16th January 2020 - Hong Kong’s Ocean Park reveals future vision as adventure-themed attraction

9th August 2019 - Protests impact Hong Kong tourism

16th December 2019 - Ride investment sees Ocean Park rack up another year of deficit

4th September 2019 - Hong Kong’s Ocean Park launches marine research facility

10th July 2019 - Hong Kong’s Ocean Park looks to treble solar power capacity by 2020

24th September 2016 - Ocean Park Chief Executive confident of attracting more visitors

10th February 2016 - Dramatic decline in visitation sees Ocean Park lose over a million visitors in 2015

7th November 2015 - Ocean Park waterpark to make a splash in 2018


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Altitude Training Systems

ATS are global leaders in altitude training and research. From mask systems and inflatable tents to simulated altitude facilities, we help all athletes gain the competitive edge. Our…

read more

Fitness / Sport / Technology

 
 

Aussie Strength

We are Aussie Strength. The ultimate supplier for Commercial Gym Equipment that's built to deliver in the toughest environments. From USA-Built hardcore weight training equipment from Arsenal…

read more

Fitness / Technology / Wellness

 
 

GLADSTONE MRM

Gladstone Health & Leisure (Gladstone MRM Pty Ltd Australia) is a leading supplier of leisure management and fitness software and is endorsed by leading health and fitness professionals and…

read more

Access / Billing / Fitness / Technology / Venues

 
 

SLE WORLDWIDE AUSTRALIA PTY LTD

SLE Worldwide Australia is a Managing General Underwriter specialising in insuring risks in the world of Sports, Leisure and Entertainment. Be it relaxing, playing, organising or watching sports,…

read more

Insurance / Venues

 
 

MYRTHA POOLS

Founded in 1961, Myrtha Pools® quickly became Italy’s première swimming pool company, and has since grown into one of the world's leading swimming pool construction…

read more

Aquatics / Design / Play / Waterparks / Wellness

 
 

The Jump Pad

The Jump Pad is a safe, flat inflatable made in a variety of sizes which can be used indoor or outdoor. From 3mx3m up to a whopping 9mx21m. Markets include Indoor and outdoor playgrounds, schools,…

read more

Attractions / Entertainment / Play

 
 
 

GEOFF NINNES FONG AND PARTNERS

Geoff Ninnes Fong & Partners (GNFP) is a structural, aquatic and civil engineering consultancy with broad experience in the design of new municipal and institutional swimming pools, hydrotherapy…

read more

Aquatics / Consultants / Design / Venues

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business