Digonex is a leading provider of customised dynamic pricing solutions to clients in arts and entertainment, sport, attractions, cultural institutions and retail sectors. Digonex’s technology is…read more
Hong Kong’s Ocean Park to get HK$310 million Government bail out
The Hong Kong Government is to inject HK$310 million (US$39.6 million) into the loss making Ocean Park theme park in an initiative that will include paying for 10,000 free tickets for students.
Hong Kong Financial Secretary Paul Chan Mo-po revealed the unprecedented funding this week – in the administrative region’s annual budget - as part of a HK$706 million package to freshen up Hong Kong’s waning image as a tourism hub and lure big-spending visitors from places other than mainland China.
Other measures which might indirectly boost the local tourism market include a proposed e-sports hub, museum expansions and extra cash to preserve cultural heritage.
Tourism is seen as one of the four pillars of Hong Kong’s economy. It contributed HK$116 billion (5%), to the city’s GDP in 2015, employing 267,000 people.
However, the South China Morning Post reports that there are concerns that an unbalanced mix of tourists could hurt the industry’s stability and long-term growth. Out of 58.5 million visitors to Hong Kong in 2017, 76% were from mainland China, underlining the city’s heavy reliance on guests from north of the border.
The imbalance has been made particularly clear for Ocean Park in recent years, during which a drop in the number of mainland visitors led to a drop in attendance and a financial deficit for the attraction.
Located on the south of Hong Kong Island, the theme park lost HK$234 million in the financial year ending 30th June 2017, following a HK$241 million deficit the year before.
Backing the attraction for the first time, the Hong Kong Government’s one-off sum of HK$310 million is to “develop education and tourism projects”.
Secretary Chan explained “it is vital for large-scale theme parks to make sure their attractions can continuously lure visitors.
“We see that there is room for Ocean Park to improve in this regard.”
A total of 10,000 free tickets will also be distributed to local primary and secondary students in the coming year.
Image: Attractions at the summit of Ocean Park Hong Kong.
20th February 2018 - ATTENDANCES RISE BUT LOSSES DOUBLE AT HONG KONG DISNEYLAND IN 2017
15th December 2017 - THREE GROUPS MOVE TO NEXT STAGE IN HONG KONG SPORTS PARK PROJECT
18th September 2017 - OCEAN PARK HONG KONG CLOSES HALLOWEEN-THEMED HAUNTED HOUSE AFTER GUEST DEATH
3rd June 2017 - GLOBAL THEME INDEX SHOWS MIXED ATTENDANCE TRENDS FOR THEME PARKS
24th September 2016 - OCEAN PARK CHIEF EXECUTIVE CONFIDENT OF ATTRACTING MORE VISITORS
27th May 2016 - ASIAN THEME PARKS LEAD GLOBAL ATTRACTIONS INDUSTRY GROWTH
31st March 2016 - OCEAN PARK HONG KONG NAMES NEW CHIEF EXECUTIVE
10th February 2016 - DRAMATIC DECLINE IN VISITATION SEES OCEAN PARK LOSE OVER A MILLION VISITORS IN 2015
29th October 2015 - LEISURE INDUSTRY EMBRACES HALLOWEEN EVENTS
3rd September 2014 - OCEAN PARK SET TO LAUNCH ‘TOO SCARY’ HAUNTED HOUSE ATTRACTION
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.
The Complete Guide to Leisure Industry Products & Services.
BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…read more
INTRODUCTION Abel Sports is Australia’s leading manufacturer and suppliers of Goal Posts, sports ground safety netting systems and coaches boxes for Stadiums ,Sports Clubs, Councils and…read more
Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…read more
Pricemark supplies a wide range of custom branded membership & RFID access products for the Health & Leisure Industry.read more
Fun Wheels Pty Ltd are the premium dealer in Australasia for the Dutch company BERG’s commercial and domestic products. Our flagship product is their revolutionary pedal go-kart – the…read more
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
Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!