The park has consistently rejuvenated and reinvented itself to better serve its guests, establishing itself as a major tourist attraction both locally and abroad. Since its opening more than 30 years ago, over 100 million guests have visited Ocean Park. Over 5 million guests visit Ocean Park each year. In 2006, Forbes.com named Ocean Park one of the "10 Most Popular Amusement Parks in the World", and in 2007, Forbes Traveler ranked Ocean Park as one of the "50 Most Visited Tourist Attractions in the world".
Ocean Park was officially opened in January 1977 by the then Governor of Hong Kong, Sir Murray MacLehose. It was built at a cost of HK$150 million funded by the Hong Kong Jockey Club with land provided for free by the Hong Kong Government. Between 1982 and 1984, the Hong Kong Jockey Club allocated a further HK $240 million to fund the Park's second phase of development, which included facilities at Tai Shue Wan and thrill rides at the Headland. The objectives were to diversify the Park's attractions, increase its popularity and revenue and utilize more fully the land granted by the Government.
A new Master Redevelopment Plan (MRP) for Ocean Park was unveiled in 2005, which will see significant upgrades to the quality and availability of features at the Park. The Lowland will be completely redeveloped into a new area called the Waterfront, while the Headland will be transformed into a fantastic new section called the Summit. The Waterfront