Hong Kong’s Ocean Park posts HK$118.5 million surplus after years of running deficits
- Park chairman Paulo Pong attributes better performance to reopening of city’s borders and company’s strategies
- Attraction welcomed 2.4 million visitors during financial year, marking 45 per cent increase over previous one
The company on Wednesday said its Ocean Park and Water World welcomed 2.4 million visitors during the 12-month period that ended on June 30, a 45 per cent increase over the previous financial year.
Revenue surged by 54 per cent, year on year, increasing from HK$545.1 million to HK$839.1 million, with revenue per capita rising by 6 per cent.
Ocean Park chairman Paulo Pong Kin-yee attributed the improved business performance to the reopening of the city’s borders and the company’s creative strategies.
“Our ceaseless efforts in actualising entrepreneurial ideas, curating meaningful visitor experiences [and] revamping our operating model … are paying off, especially with an improvement in market sentiment after Hong Kong reopened its borders during the financial year,” he said.
“The road ahead will remain challenging due to volatile global economic conditions and intense competition in the tourism market. We will continue to play to our strengths as we move forward on the path to long-term sustainability under the future strategy for Ocean Park.”
Performance across the park’s various business areas was positive. Income from admissions rose by 57 per cent, from merchandise by 55 per cent and from catering by 39 per cent, while other in-park spending jumped by 63 per cent.