The Peak Tram Announces Fare Hike
The tram that leads visitors and locals to The Peak in Hong Kong will become more expensive to ride.
Operators of the Peak Tram announced the fare hike of up to 14 percent across all fare types starting September 1, citing expenses such as payroll, repair and maintenance work as primary reason for the fare increase.
- Single tickets from HK$28 to HK$32
- Return tickets from HK$40 to HK$45
- Children / seniors from HK$11 to HK$12
- Monthly tickets adult to HK$540
- Monthly tickets children / seniors to HK$270
The funicular railway, which began its operations in 1888, has a length of 1.365 kilometers and is owned by the Hong Kong and Shanghai Hotels, which also operates the city’s iconic Peninsula Hotels. It carts people up in a terrain with a gradient from 4 to 27 degrees, rising from 28 to 296 meters above sea level in about seven minutes.
In 2015, some 6.36 million tourists took the tram ride. However, the current tourism downturn is taking its toll on the attraction’s business as overall revenue for the Peak Tram fell by 3 per cent in the first half of 2016 compared with the same period last year.