Hong Kong Ocean Park uses hybrid strategy, which "seeks simultaneously to achieve differentiation and low price relative to competitors". Most activities were carried out based on this Strategy.
1) Hong Kong Ocean Park's admission fee is Adult HK$185, Child HK$95 which is lowers that of Disney's: Adult HK$295(weekdays) HK$350(holidays); Child HK$210(weekdays), HK$250(holidays).
2) Hong Kong Ocean Park did not spend too much on new fixed-asset attractions due to short life circles of them and difficulty in coming up with an encore.
3) It keeps part attractions fresh, novel and exciting while minimize costs. Instead of buying in new attractions, Hong Kong Ocean Park focused on culture innovation. Some relative low-cost ideas proved successful: Seasonal and special events attracted repeat visits every year.
4) Hong Kong Ocean Park did not take part in highly cost advertising campaign. Compared to its competitors, Hong Kong Ocean Park tended to rely more on word-of-mouth to generate additional business. Since Hong Kong Ocean Park was the local residents' favorite theme park and had high reputation in Hong Kong even in Asia. Hong Kong Ocean Park had profound influence on several generations in Hong Kong, people who had visited the park as children were now bringing their own children to visit the park. Actually, Hong Kong Ocean Park was locally born and bred and had become a fixture of Hong Kong's cultural heritage.
5) Hong Kong Ocean Park had a clear organizational structure, no too much redundancy. It can save labor cost.
6) Hong Kong Ocean Park had identified its strategic customers clearly; those are Local tourists and Mainland Tourists. So, it carried out several plans to attract its key customers.
a) It hosts several festival events and activities to complement its park offerings with distinct features, like Chinese New Year. It had distinct Chinese characteristics that reflected its roots in Hong Kong, a quintessentially Chinese city.
b) Retained its unique SmartFun Annual Pass Program and tactically reviewed and developed value-added benefits to build sales and local customers' loyalty. This program encouraged annual pass holders to visit the park repeatedly. Visitors to the park would spend money in other areas to boost revenue beyond the admission fees.
7) Hong Kong Ocean Park's had clear and definite position; that was to become "the best marine-based theme park in the world" - need a source here!!, to provide customers with a place for recreation and education about marine life and environmental conservation. This unique strategic position is differentiated Hong Kong Ocean Park from its competitors and ensure its advantages over the main competitors.