'Ocean Park Will Keep Its Focus On Locals'
"); jQuery("#212 h3").html("

"); });
2021-04-25 HKT 15:49
The government may be trumpeting the imminent reopening of borders through ‘travel bubbles’ and other quarantine-free travel schemes, but Ocean Park chairman Lau Ming-wai said on Sunday that the cash-strapped attraction will keep its focus on local customers over the next year or two.
"No matter what new measures there may be [involving] visitors from outside Hong Kong... we forecast that serving Hongkongers is what's in front of us, even with the resumption of tourism and the launch of travel bubbles," Lau said at an event at the park.
Like other tourist attractions, Ocean Park has been devastated by the effects of the pandemic, having been forced to close for months and accept billions of dollars in government bailouts in return for a major overhaul.
Lau cautioned that no one yet knows how the global tourism sector will recover from the pandemic, and instead of banking on the return of outside visitors, local patrons are a safer bet.
The government has long been negotiating proposed ‘travel bubbles’ with other economies where the Covid situation is under control, and Chief Executive Carrie Lam had said the government would soon be opening up the border to a ‘limited number’ of mainland travellers without having to go into quarantine.
For now, Lau said the park is happy to let in fewer people than allowed, to encourage more social distancing and enhance the comfort of visitors.
Under current regulations, the park is allowed to fill up to 75 percent capacity, but Lau said he doesn’t see this threshold being reached in the near term.
But longer term, the park’s future is far from assured.
Lau’s term as chairman expires in two months’ time, and he refused to answer questions on whether he’d seek an extension.
Former tourism commissioner Joe Wong is set to join the park as its new chief executive on Saturday, though his term is set at a maximum of six months.
"There will need to be a lot of interactions and coordination with the government to implement the reform package, and no one is more familiar than Joe in terms of such work," Lau said.
In January, the government announced a radical overhaul for the struggling park that effectively ended its life as a traditional theme park.
It involves moving away from ageing thrill rides to focus more on conservation and education; while the area of the park near the MTR station will be taken over by a developer, to convert it into a shopping, dining and retail area – with no entrance fee.
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more
