‘Brilliant’ retail and dining revenue gives Hong Kong’s Ngong Ping 360 boost

Ngong Ping 360, a Hong Kong cable car attraction, reported steady revenue for the past year, despite stagnant ticket sales. A 20% increase in retail and dining revenue helped offset the flat performance of ride-related sales. The company experienced record-high service suspensions in 2023, totaling 9,589 minutes, due to extreme weather conditions, including a volatile rainy season and autumn storms. To celebrate its 20th anniversary, Ngong Ping 360 will introduce night rides. Managing Director James Tung Pui-chuen highlighted ticket discounts as a factor in the stagnant ride sales, while also noting the engineering team maintained a 99.98% reliability rate despite weather challenges.