Hong Kong’s struggling Ocean Park expects launch of Marriott resort hotel to provide lifeline
Boss Matthias Li targets double-digit growth in visitor numbers and revenue after 471-room Ocean Park Marriott Hotel opens on June 13
Hong Kong’s Ocean Park is striving to transform itself into a landmark resort destination in a bid to rescue its ailing business with its first hotel slated to open on June 13.
Announcing the launch of the 471-room Hong Kong Ocean Park Marriott Hotel, the theme park’s chief executive, Matthias Li, said on Wednesday he expected the project to give visitor numbers and revenue a double-digit boost.
Ocean Park announces HK$234.4 million deficit along with 9 per cent fee increase
He made the upbeat forecast despite the Aberdeen park struggling to keep its business afloat.
The park recorded a deficit of HK$234.4 million in the financial year ending June 30 last year. That was a slight improvement on the HK$241.1 million loss the year before, but attendance figures fell 4 per cent to 5.8 million.
Li said the HK$5-billion hotel would transform Ocean Park into a premier resort from its traditional role as a theme park. “We’ll launch more educational programmes to attract more families to visit the park, including those from overseas,” he added.