How many people use the MTR every day?
How many people use the MTR every day? [1] Hong Kong's Mass Transit Railway (MTR) is the city's main public transport network. It handles just shy of 4 million passenger journeys every day. The MTR has a reputation for being clean, safe and reliable. The system is mostly underground.
Is MTR the best in the world?
Well, according to a new study, it's also the top transit system in the world. Despite having millions of passengers daily, the MTR is still so convenient and efficient that it can bring you almost anywhere in the city with spotless connections. In fact, it boasts a 99.9% punctuality rate.
Is the MTR profitable?
Hong Kong's MTR Corporation reported HK$2.43 billion (US$311.5 million) in profits from recurrent business in the first half of the year, rebounding from a HK$678 million loss in the same period in 2022, as the rail giant accelerated out of the coronavirus crisis.
How does the MTR make money?
MTR stations host more than 1,400 shops and nearly 47,000 advertising units. The company charges rent as well as earning money from telecoms operators by allowing them to provide mobile network coverage inside the rail system.
Why is MTR so cheap?
Originally Answered: How can the the Hong Kong MTR (metro transportation) be so cheap? The answer is simple, the MTR and Airport Express networks comprise a total of 93 stations and carry an average of about 4.84 million passengers per day. If there were fewer passengers, it would be much more expensive.
How often does MTR run?
The Hong Kong MTR is modern and extremely efficient and dependable. Trains run from approximately 6:00 am to 1:00 am and quite frequently throughout the day. Trains in most of the main central lines run every 2 to 3 minutes, you never have to wait long.
Why is MTR a monopoly?
As Hong Kong is very densely populated, there would be no physical space for another railway network to perform in Hong Kong. The MTR already connects a large number of Hong Kong areas to each other, and while the MTR line can be extended, there could not be another corporation competing in the same field.