By 2010, Thomas Mehrmann, CEO of Hong Kong's
Ocean Park, had not only overcome the challenges
posed by a new Disneyland that had opened in 2005,
but had even managed to turn a potential threat into an
opportunity. When Hong Kong Disneyland opened, many
people predicted that the demise of the then 28-year-old
Ocean Park would only be a matter of time. Far from
being the death knell as predicted by some analysts,
Disneyland's arrival in Hong Kong had been a boon for
Ocean Park. Disney's opening had spurred Ocean Park
into action and it had achieved a dramatic turnaround.
It had some of its best performance—partially as a direct
result of Disney's arrival. In 2005, Ocean Park achieved
the highest recorded attendance in its history; compared
to the prior year, overall visitor attendance increased
by 9% in 2004/2005 topping 4 million. Gross revenues
grew 12% year-on-year and were HK$684 million' in
2005, giving the Park a surplus of HK$119.5 million.2
In fact, some commentators suggested that Ocean
Park was a bigger benefactor from Disneyland than
was Disney itself. In a survey conducted by Hong
Kong Polytechnic University, 75% of respondents said
the opening of Disneyland did not reduce their desire
to visit Ocean Parka The opening of Hong Kong Dis-
neyland had rejuvenated local interest in amusement
parks and local people took notice of the competition
between the parks that resulted in an attendance boost.
Furthermore, Hong Kong Disneyland increased the
number of tourists from China and Southeast Asia to
Hong Kong—particularly families interested in amuse-
ment parks. In addition to seeing Disney, it was natu-
ral for them to want to see the other major amusement
park: Ocean Park. As a result, by 2007/2008, Ocean Park
enjoyed a surplus of HK$240 million, which was a 19%
increase compared to the previous year.3 Meanwhile,
By 2010, Thomas Mehrmann, CEO of Hong Kong's
Ocean Park, had not only overcome the challenges
posed by a new Disneyland that had opened in 2005,
but had even managed to turn a potential threat into an
opportunity. When Hong Kong Disneyland opened, many
people predicted that the demise of the then 28-year-old
Ocean Park would only be a matter of time. Far from
being the death knell as predicted by some analysts,
Disneyland's arrival in Hong Kong had been a boon for
Ocean Park. Disney's opening had spurred Ocean Park
into action and it had achieved a dramatic turnaround.
It had some of its best performance—partially as a direct
result of Disney's arrival. In 2005, Ocean Park achieved
the highest recorded attendance in its history; compared
to the prior year, overall visitor attendance increased
by 9% in 2004/2005 topping 4 million. Gross revenues
grew 12% year-on-year and were HK$684 million' in
2005, giving the Park a surplus of HK$119.5 million.2
In fact, some commentators suggested that Ocean
Park was a bigger benefactor from Disneyland than
was Disney itself. In a survey conducted by Hong
Kong Polytechnic University, 75% of respondents said
the opening of Disneyland did not reduce their desire
to visit Ocean Parka The opening of Hong Kong Dis-
neyland had rejuvenated local interest in amusement
parks and local people took notice of the competition
between the parks that resulted in an attendance boost.
Furthermore, Hong Kong Disneyland increased the
number of tourists from China and Southeast Asia to
Hong Kong—particularly families interested in amuse-
ment parks. In addition to seeing Disney, it was natu-
ral for them to want to see the other major amusement
park: Ocean Park. As a result, by 2007/2008, Ocean Park
enjoyed a surplus of HK$240 million, which was a 19%
increase compared to the previous year.3 Meanwhile,
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