Ocean Park posts $270 million loss despite attendance boost from panda economy
發佈日期: 2025-10-22 21:56
TVB News
Ocean Park records a deficit of over 270 million dollars in the 12 months to the end of June.
While revenue increased by 9 percent from the previous 12 months, the park said its Water World attraction continued to lose money.
The panda twin cubs' birth in August last year, together with a pair of adult giant pandas gifted by Beijing, brought growth momentum to Ocean Park.
The theme park's total revenue climbed to 1.28 billion dollars, a 9 percent increase year-on-year.
Together with the government grant of 208 million dollars, the park reported a surplus from operations of 42.4 million dollars.
This marks a 60 million dollar leap, when compared to a 17 million deficit a year ago.
However, the park slipped into a deficit of 270 million dollars due to higher expenses including depreciation.
Ocean Park welcomed more than 3 million visitors over the year, which is a 10 percent jump year-on-year.
Marvin said, "There are a lot of activities for young kids, like my daughter. We want her to meet the twin pandas. Seeing the pandas is a unique experience."
Significantly the Water World facility lost almost 150 million dollars.
Located on the hillside, Water World features a variety of attractions, such as water slides, pools and playgrounds.
The park said the Water World is closed in winter due to limited visitors.
Veteran lawmaker Michael Tien said Ocean Park should give up operating the attraction, in a bid to minimise losses.
He suggested the park should look into reinvestment alternatives.
Ocean Park said it will review its business model and may look into other options for the future.
