HONG KONG (AP) — Hong Kong’s Peak Tram is a fixture in the memories of many residents and tourists, ferrying passengers up Victoria Peak for a bird’s eye view of the city’s many skyscrapers.

Hong Kong’s famed Peak Tram will scrap its current fare for regular rides and charge up to HK$108 (US$14) for a ticket on all days, resulting in passengers having to pay about 23 per cent more per ...