But after halting operations in 2020 amid the pandemic, the restaurant has struggled to regain its former glory.
According to SCMP, the restaurant reported a cumulative loss of more than HK$100 million ($12.74 million) after Covid outbreaks kept tourists from coming.
But the restaurant’s financial troubles predated the pandemic: Before the pandemic, the local travel and food and beverage industries were already negatively affected by the city’s social unrest, the outlet reported.
And although the restaurant was completely closed for two years, the company said it still had to spend millions of Hong Kong dollars each year to cover inspection and maintenance work, per SCMP.
These costs have become “a heavy financial burden on the company and its shareholders in the current economic environment,” the company said, according to the outlet. “We don’t expect that [Jumbo] may resume operations in the immediate future.”
The restaurant’s woes were exacerbated earlier this month when its galley barge – a separate vessel behind the boat – capsized, according to Hong Kong newspaper Am730. Investigations are underway to determine the cause of the 30-metre-long (98.4 ft) vessel tilting almost 90 degrees, by the exit. No one was injured, the outlet reported.