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
Google highlights climate change through 3D heritage collection
Google Arts & Culture has created a new online collection of immersive 3D digital imagery that shines a light on the effects of climate change on five heritage landmarks around the world.
OF Studio design undulating desert landscape to explore at Dubai Creek Harbour
OF Studio have won a competition run by Emaar to create a new "landmark structure" on a 6,300sq m (67,800sq ft) plot within the 5.6 million sq m (60.3 million sq ft) Dubai Creek Harbour waterfront development.
Denver Art Museum to unveil new OMA-designed galleries
Around 10,000sq ft (930sq m) of new galleries, designed by OMA, will be unveiled on 6th June as part of a phased reopening of the Denver Art Museum's newly renovated, Gio Ponti-designed Martin Building.
Sea urchins inspire pod designs for new Buhais Geology Park
The Buhais Geology Park Interpretive Centre, with a Hopkins Architects design inspired by fossilised sea urchins, has opened in the United Arab Emirates.
+ More news   
LATEST JOBS
General Manager
Sea Life
Salary: Competitive
Job location: Brighton, UK
Head of RHS Garden Wisley
Royal Horticultural Society
Salary: circa £75,000
Job location: Woking, Surrey, UK
Commercial Manager
The Blackpool Tower
Salary: £28,000 - £32,000
Job location: Blackpool, UK
Theme Park Trainee Managers
Gulliver's Theme Park
Salary: Competitive
Job location: Nationwide, United Kingdom
Visitor Services Coordinator (Deputy Manager)
Forestry England
Salary: Competitive
Job location: Wendover, Aylesbury, UK
Events Manager
Tractor Ted
Salary: Competitive
Job location: Radstock, UK
+ More jobs  

COMPANY PROFILES
FORREC Ltd

We create guest experiences others don’t, masterplan like no one else can, and give the world’s bi [more...]
Gantner Ticketing

GANTNER Ticketing was established in 1990. [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
+ More profiles  
FEATURED SUPPLIER

Healthy appetite for investment at EAG International 2020
A buoyant EAG International has welcomed in the new decade as a well-rounded event with high levels of optimism and positivity on the show floor. [more...]
VIDEO GALLERY

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

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-25 Mar 2020

MuseumNext Europe

Edinburgh Festival Hub, Edinburgh,
23-25 Mar 2020

Dubai Entertainment Amusement and Leisure Exhibition (DEAL)

Dubai World Trade Centre, Dubai, United Arab Emirates
+ 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

22 Jan 2020 issue 148


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 2020
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
Google highlights climate change through 3D heritage collection
Google Arts & Culture has created a new online collection of immersive 3D digital imagery that shines a light on the effects of climate change on five heritage landmarks around the world.
OF Studio design undulating desert landscape to explore at Dubai Creek Harbour
OF Studio have won a competition run by Emaar to create a new "landmark structure" on a 6,300sq m (67,800sq ft) plot within the 5.6 million sq m (60.3 million sq ft) Dubai Creek Harbour waterfront development.
Denver Art Museum to unveil new OMA-designed galleries
Around 10,000sq ft (930sq m) of new galleries, designed by OMA, will be unveiled on 6th June as part of a phased reopening of the Denver Art Museum's newly renovated, Gio Ponti-designed Martin Building.
Sea urchins inspire pod designs for new Buhais Geology Park
The Buhais Geology Park Interpretive Centre, with a Hopkins Architects design inspired by fossilised sea urchins, has opened in the United Arab Emirates.
Parks! America makes play to add Texas safari park Aggieland to its roster
Aggieland Safari Adventure Zoo and Safari Park in Bryan, Texas, is the subject of a potential purchase by Parks! America, which currently owns and operates two regional theme parks, the Wild Animal Safari parks in Georgia and Missouri.
Dr Brian Davis named Georgia Aquarium CEO
The Georgia Aquarium, in Atlanta, US, has appointed Dr Brian Davis as its new president and CEO.
+ More news   
 
COMPANY PROFILES
FORREC Ltd

We create guest experiences others don’t, masterplan like no one else can, and give the world’s bi [more...]
Gantner Ticketing

GANTNER Ticketing was established in 1990. [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
+ More profiles  
FEATURED SUPPLIER

Healthy appetite for investment at EAG International 2020
A buoyant EAG International has welcomed in the new decade as a well-rounded event with high levels of optimism and positivity on the show floor. [more...]
VIDEO GALLERY

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

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-25 Mar 2020

MuseumNext Europe

Edinburgh Festival Hub, Edinburgh,
23-25 Mar 2020

Dubai Entertainment Amusement and Leisure Exhibition (DEAL)

Dubai World Trade Centre, Dubai, United Arab Emirates
+ More diary  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2020

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