Bargaining Power of Suppliers
The Ocean Park named the world's 15th-ranked theme park base on the annual attendance by the Themed Entertainment Association and Economics Research Associates, the huge number of the visitors that enable the park a strong negotiation power with its suppliers, especially the food suppliers for the Bayview Restaurant, Terrace Café, Headland Rides, Panda Café and the Middle Kingdom Restaurant located inside the park. Refers to the Fig. 1.2 at the appendix, the income by the catering service was increased from more than three million Hong Kong Dollars from 2008 to 2009. Although, the sales of goods had a slightly decrease, however, there were additional income from the commission of franchised retails store. This would show the attraction of doing business in Ocean Park could reflect to a significant revenue to the franchised store. For instance, the suppliers or the manufacturers of those foods and souvenir are also considered has low bargaining power to the Ocean Park. These factors were comprised because of the huge numbers of the visitor attendance.