Steep rise as Peak Tram lifts faresTop News | Amy Nip Feb 15, 2018
A return trip for adults will cost HK$52, up from HK$45, Peak Tramways said. A single trip will be HK$37, up from HK$32.
For children aged three to 11, the new return fare will be HK$23, an increase of 15 percent.
A monthly pass will cost HK$620, up from HK$540.
Ticket prices of Sky Terrace 428, a platform offering a panoramic view of Victoria Harbour, will increase to HK$52 from HK$50 for adults. Tickets for children will rise to HK$26 from HK$25.
"Since the last fare revision in September 2016 we have faced a significant increase in operating expenses due to preventive repair and maintenance for the Peak Tram system, track foundation and slopes, as well as staff salaries," the company said.
Starting from March 1, disabled people can ride the Peak Tram for the concessionary fare, meaning that they pay HK$23 for a return trip or HK$14 for a single trip.
Meanwhile, the company will be launching "Hong Kong Sky Tour," a free interactive audio guide at Sky Terrace 428. It will offer information on the city's architecture, scenery, culture and history in six languages.
Peak Tramways is investing in a new ticketing system and a full upgrade of the tram system and facilities. Details of the upgrade will be announced in the coming year.
The Peak Tram opened in May 1888. The double reversible funicular railway rises from 28 meters to 396 meters above sea level along a 1.4 kilometer track with a gradient of between four and 27 degrees.
Tourism sector lawmaker Yiu Si-wing said the Peak Tram fare is still affordable to passengers, but admitted that the 16 percent hike is quite steep.
"Most of the tourists riding on the Peak Tram come from overseas, mostly individual travelers. Compared to similar tram services overseas, the local one still charges an affordable fare. But the increase, percentage wise, is quite big," he said.
Growth in passenger numbers for the tram has been slowing, Yiu said. The company has to consider competition from other transportation when setting prices, as it is now cheaper for several people to share a taxi up the Peak rather than taking the tram, he said.