Hong Kong’s Ocean Park posts HK$236.5 million loss, marking third straight year in the red
- Annual report says typhoons partly to blame for performance as attraction was forced to close, affecting visitor numbers
- Entrance fees to be frozen until June 30 next year
Hong Kong’s iconic Ocean Park suffered losses of HK$236.5 million (US$30.3 million) last year, its third straight year in the red, according to its latest annual report released on Wednesday.
The attraction in Wong Chuk Hang previously lost HK$234 million in the financial year ending June 30, 2017, following a HK$241 million deficit the year before.
Revenue grew 4 per cent last year as total visitor numbers remained flat at 5.8 million. An Ocean Park spokeswoman said mainland tourists accounted for 40 per cent of the entertainment park's total visitors, with locals accounting for another 40 per cent and the rest coming from overseas.
The park failed to benefit from the 6.9 per cent growth in Hong Kong’s tourist arrivals, about 61 million people, during the 12 months ending June 30.
The report said Ocean Park had been forced to shut for three days because of various typhoons, which affected the number of local visitors.