Ocean Park has announced that it will raise ticket prices by just over 13% in 2017, after recording a deficit of HK$241.1 million in the previous fiscal year.
In a statement released last week, the park confirmed that daytime admission tickets for adults and children (aged 3 to eleven) would increase to HK$438 and HK$219 respectively, up from the current rates of HK$385 and $HK193.
The new pricing structure is set to take effect from January 1, however a two-month “grace period” will be granted for Hong Kong residents until February 28. The price of the SmartFun Annual Pass will remain unchanged.
“The 2015/16 fiscal year has been challenging for both the tourism and retail sectors in Hong Kong and Ocean Park has not been immune,” said Leo Kung, Chairman of Ocean Park. Citing a drop in inbound tourists to Hong Kong, as well as increasing operating costs from expansion and improvements, Kung said that, as a self-financed social enterprise, the park’s pricing should be “sustainable to support the park’s development so that it does not become a burden on Hong Kong taxpayers.”
Despite the need to increase prices, the park remains optimistic about the future and hopes to attract more visitors with the addition of the new year-round, all-weather Ocean Park Water World. It is also hoped that the opening of two new hotels and the launch of the MTR South Island Line (East) and the Ocean Park station on December 28 will improve access to the park and boost future revenue.
Image: Ocean Park