Hong Kong’s observation wheel is set to reopen as part of a new AIA Vitality Park at the Central harbourfront.
The new operator, The Entertainment Corporation Limited (TECL), has partnered with AIA Group for the duration of the three-year tenancy.
It has been confirmed that the new ticket price is HK$20 per ride, an 80 percent cut from the previous rate. Discounts will be available for seniors while children under three years old will have free entry.
“Making Hong Kong’s spectacular harbourfront and internationally recognized skyline more accessible, and vital to everyone, is our common objective,” TECL chief executive Michael Denmark said in a statement.
TECL has named AIA, through its subsidiary, the exclusive principal sponsor of the Hong Kong Observation Wheel and its ancillary facilities.
Starting next year, AIA Vitality Park will feature a range of health and wellness-related events, attractions and activities, all of which will be free of charge.
TECL and AIA will announce the date of the official opening in the coming weeks.
Commenting on his company’s partnership with TECL, AIA group chief marketing officer Stuart Spencer said in the statement: “Our support for this landmark attraction, making it substantially more affordable with tickets at HK$20 per ride, along with the creation of the AIA Vitality Park at the Hong Kong Observation Wheel, to which the general public will be able to access for free, are important ways by which AIA can reinforce its commitment to helping people live longer, healthier, better lives.”
Under a three-year contract, TECL will lease the land covering an area of 7,320 square meters for HK$1.5 million a month.
Since the lease obtained by the previous tenant, Swiss AEX, expired in August, the attraction has remained closed owing to legal and licensing issues. It was to be returned to the government on Oct. 31.
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