Ocean Park revenue up but deficit remains | attractionsmanagement.com news
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs   News   Features   Video    Products   Profiles   Magazine   Handbook   Advertise  
NEWS
Ocean Park revenue up but deficit remains
POSTED 21 Dec 2018 . BY Luke Cloherty
The park, which incorporates a marine mammal park, oceanarium, animal theme park and amusement park, saw 5.8 million visitors arrive through its doors in the year. Credit: Shutterstock.com
Hong Kong amusement park Ocean Park has seen an uplift in revenue in the financial year 2017-18 on the previous period but is still operating with a deficit.

The park reported revenue of HK$1.7bn (US$217.6m, €192.4m, £173m) during the year, a 4 per cent uplift on the previous period but its net operating deficit worsened by 2 per cent to HK$262.9m (US$33.6m, €29.8m, £26.7m) and its deficit for the year worsened by 1 per cent to HK$236.5m (US$30.3m, €26.8m, £24.1m).

A reason behind the deficit increase could lie in the company’s operating costs, which rose 4 per cent to HK$1.3bn (US$166.4m, €147.1m, £132.3m).

"During the fiscal year 2017-18, Ocean Park was on track to transform the Park into a world-class resort destination," said Ocean Park chair Leo Kung.

"The revenue growth in 2017-18 reflects the huge efforts we have undertaken to diversify the Park’s revenue streams. In the past year, we have elevated our entertainment and night offerings, broadened education scope by incorporating STEAM concepts and stepped up our efforts to appeal to new market segments.

"The park’s evolution has also seen the adoption of new technologies to enhance the guest experience, and a widened food and beverage portfolio."

The attraction, which incorporates a marine mammal park, oceanarium, animal theme park and amusement park, saw 5.8 million visitors arrive through its doors in the year.

MORE NEWS
Nominees named for European Museum of the Year
The European Museum of the Year 2020 will be won by one of 61 nominated institutions now announced by the European Museum Forum.
Disney Springs set to debut new Cirque du Soleil show in April
A new Cirque du Soleil show is set to open next year at Disney Springs, part of the Walt Disney World Resort in Florida.
JKMM Architects to design new annexe for National Museum of Finland
JKMM Architects have won a competition to create a new annexe for the National Museum of Finland with a disc-shaped, pavilion-like design that connects its interior with the museum's previously underused garden through floor-to-ceiling windows.
'Take action to prevent future theme park deaths', says report following Drayton Manor tragedy
UK theme parks have been advised to take action to prevent future deaths, following the conclusion of an inquest into the accidental death of Evha Jannath at Drayton Manor in 2017.
+ More news   
LATEST JOBS
Operations Manager
BeWILDerwood
Salary: circa £30,000 pa (dependant on experience)
Job location: Cheshire, UK
London Zoo Commercial Manager
Zoological Society of London
Salary: £55,533 - £60,282 pa (dependant on experience)
Job location: London, UK
Visitor Centre Manager
Nene Park
Salary: £25,625 to £28,034 pa (dependent upon experience)
Job location: Peterborough, UK
Front Office Clerk
Gardaland Resort
Salary: Competitive
Job location: Castelnuovo del Garda, VR, Italy
Education Specialist
Sea Life
Salary: Competitive
Job location: East Rutherford, NJ, USA
Attractions Assistant Manager
Legoland
Salary: Competitive
Job location: Goshen, NY, USA
+ More jobs  

COMPANY PROFILES
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
WhiteWater

WhiteWater was born in 1980 to create places where families unite and make joyful lasting memories [more...]
Antonio Zamperla Spa

Founded in 1966, the Antonio Zamperla SPA is privately owned by Mr Alberto Zamperla. Located in Vi [more...]
+ More profiles  
VIDEO GALLERY

Red Raion: Meet the Team - Introduction
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Red Raion Showreel 2019 – Red Raion
Miko and the Spell of the Stone - Movie Trailer – Red Raion
Trailer Peter Pan - Saving Tinkerbell VR – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

14 Jan 2020

BALPPA Annual General Meeting

ExCel, London, United Kingdom
14-16 Jan 2020

EAG International

ExCel London Exhibition Centre, London,
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2019 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

11 Dec 2019 issue 145


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019
Jobs   News   Products   Magazine
NEWS
Ocean Park revenue up but deficit remains
POSTED 21 Dec 2018 . BY Luke Cloherty
The park, which incorporates a marine mammal park, oceanarium, animal theme park and amusement park, saw 5.8 million visitors arrive through its doors in the year. Credit: Shutterstock.com
Hong Kong amusement park Ocean Park has seen an uplift in revenue in the financial year 2017-18 on the previous period but is still operating with a deficit.

The park reported revenue of HK$1.7bn (US$217.6m, €192.4m, £173m) during the year, a 4 per cent uplift on the previous period but its net operating deficit worsened by 2 per cent to HK$262.9m (US$33.6m, €29.8m, £26.7m) and its deficit for the year worsened by 1 per cent to HK$236.5m (US$30.3m, €26.8m, £24.1m).

A reason behind the deficit increase could lie in the company’s operating costs, which rose 4 per cent to HK$1.3bn (US$166.4m, €147.1m, £132.3m).

"During the fiscal year 2017-18, Ocean Park was on track to transform the Park into a world-class resort destination," said Ocean Park chair Leo Kung.

"The revenue growth in 2017-18 reflects the huge efforts we have undertaken to diversify the Park’s revenue streams. In the past year, we have elevated our entertainment and night offerings, broadened education scope by incorporating STEAM concepts and stepped up our efforts to appeal to new market segments.

"The park’s evolution has also seen the adoption of new technologies to enhance the guest experience, and a widened food and beverage portfolio."

The attraction, which incorporates a marine mammal park, oceanarium, animal theme park and amusement park, saw 5.8 million visitors arrive through its doors in the year.

MORE NEWS
Nominees named for European Museum of the Year
The European Museum of the Year 2020 will be won by one of 61 nominated institutions now announced by the European Museum Forum.
Disney Springs set to debut new Cirque du Soleil show in April
A new Cirque du Soleil show is set to open next year at Disney Springs, part of the Walt Disney World Resort in Florida.
JKMM Architects to design new annexe for National Museum of Finland
JKMM Architects have won a competition to create a new annexe for the National Museum of Finland with a disc-shaped, pavilion-like design that connects its interior with the museum's previously underused garden through floor-to-ceiling windows.
'Take action to prevent future theme park deaths', says report following Drayton Manor tragedy
UK theme parks have been advised to take action to prevent future deaths, following the conclusion of an inquest into the accidental death of Evha Jannath at Drayton Manor in 2017.
Discovery Destinations announces Holovis partnership
Discovery Destinations, a leader in real-world entertainment, has announced a new strategic partnership with UK-based immersive experience design firm Holovis
Former Sony MD Ian Hetherington joins Immotion Group
Ian Hetherington, former MD of Sony Computer Entertainment Europe, has joined Immotion Group, a UK-based VR firm, as chair of Immotion Studios, the company's VR experience creation arm.
+ More news   
 
COMPANY PROFILES
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
WhiteWater

WhiteWater was born in 1980 to create places where families unite and make joyful lasting memories [more...]
Antonio Zamperla Spa

Founded in 1966, the Antonio Zamperla SPA is privately owned by Mr Alberto Zamperla. Located in Vi [more...]
+ More profiles  
VIDEO GALLERY

Red Raion: Meet the Team - Introduction
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Red Raion Showreel 2019 – Red Raion
Miko and the Spell of the Stone - Movie Trailer – Red Raion
Trailer Peter Pan - Saving Tinkerbell VR – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

14 Jan 2020

BALPPA Annual General Meeting

ExCel, London, United Kingdom
14-16 Jan 2020

EAG International

ExCel London Exhibition Centre, London,
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS