Latest News

Back to Latest News back

 

Pandas will leave Adelaide Zoo in debt for a decade

Pandas will leave Adelaide Zoo in debt for a decade
January 19, 2011

Zoos South Australia has revealed that it will be repaying the cost of the giant pandas at Adelaide Zoo for a decade.

Following the anniversary of the pandas' Adelaide debut, Zoos SA Chief Executive Dr Chris West said the zoo was "not floating on a sea of panda dollars" and borrowed $6.7 million to turn the dream into reality.

West explained that "we are a charity, bringing very significant tourism revenue into South Australia but we are not loaded ourselves.

"We are stretched - against a balanced business plan - and will be repaying the bank for a while. The time-frame for paying off the panda debt depends on several factors including visitation, other revenue and panda babies, but at the current rate it looks like it will be closer to 10 years than to five."

Giant pandas Wang Wang and Funi are on loan from the Chinese Government for 10 years.

The Federal Government is paying $1 million each year to the Chinese Government for the international breeding program that aims to save the critically endangered species.

A further $5 million promised in the lead-up to the 2007 Federal Election by then Foreign Affairs Minister Alexander Downer, never arrived because Labor won.

The South Australian Government invested $18.9 million in the new entrance and fence, including a conference centre, but the zoo was left to find the $8 million for the panda exhibit from sponsors, donors and a bank loan.

The pandas have been a major drawcard for the zoo, pushing up the number of visitors by 70% from 349,000 visitors a year to 595,000 in the first panda year.

More than 30% of these of visitors came from interstate or overseas, most commonly from Victoria, NSW, Queensland, Western Australia and Europe.

Dr West says that extra 180,000 people visiting Adelaide will bring an estimated $192 million to the state each year.

Meanwhile Zoo membership has grown 25% to 32,500.

South Australian Tourism Minister John Rau agreed pandas were driving a "healthy rise in visitors from outside SA who have been spending money in our state.

"With only a handful of international zoos currently exhibiting this species, they are a real drawcard for South Australia and provide benefits for hotels, shops, restaurants and other tourist attractions."

1st December 2010 - ADELAIDE ZOO’S PANDAS BOOST VISITORS


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

TICKETSERV

As of 2018, TicketServ operates as SeatGeek Asia Pacific Pty Limited, part of international ticketing platform SeatGeek. Click here to contact SeatGeek Asia Pacific via their entry in…

read more

Attractions / Entertainment / Events / Sport / Ticketing

 
 

TPEC Pool Enclosures

TPEC Pool Enclosures provide a large range of premium commercial and residential retractable swimming pool, spa and terrace enclosures throughout Australia, servicing residential, local government…

read more

Aquatics / Design / Recreation / Venues

 
 

AUSFIT

Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…

read more

Billing / Finance / Fitness / Technology

 
 

Yellowbox Lockers

Yellowbox is an Australian technology company that has developed smart locker technology operated through an app with a focus on experience for users and facility managers. Found at Beaches, Aquatic…

read more

Aquatics / Attractions / Entertainment / Retail / Security

 
 

PathMinder

PathMinder Pty Ltd have partnered with AllUser Industries srl to bring Europe’s most advanced high security portals to the Australian and New Zealand markets. AllUser Industries started to…

read more

Access / Fitness / Recreation / Security

 
 

Digonex

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

Attractions / Entertainment / Sport / Technology / Ticketing

 
 

AlphaFit

AUSTRALIAN MADE. FIT FOR PURPOSE. Based on the Gold Coast, AlphaFit is a leading manufacturer and supplier of Australian gym equipment specifically for the commercial, strength and conditioning,…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 

BODY BIKE AUSTRALIA

BODY 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 more

Fitness / Recreation / Sport / Technology / Wellness

 
 
 
 

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