Via
@joeycoleman:
In Feb 2015, the HSR’s
Ten Year Local Transit Strategy anticipated year-over-year gains that would see the HSR net an additional 600K riders and $8.8M in revenue by year-end 2017.
Compared to the HSR's rosy projections, this revised outlook represents a loss of 1.4M riders and $13M in revenue in the same three-year span.
2015-2017 represents the HSR's second largest three-year ridership decline in 20 years (narrowly edged by the contraction of 1995-1997). Considered contra projected gains, it represents the second steepest HSR ridership decline of the last 25 years.
An under-acknowledged challenge to the HSR's core ridership is arguably the hike in monthly pass costs. (In Feb 2015, monthly passholders were said to represent 51% of HSR users.) The "adjusted" senior pass multiplier is notable in this regard. Seniors made up around 6% of HSR users in 2015, but Hamilton's seniors' passes were identified as 40% below the average of southern Ontario peers and promptly brought to level.
Sept 2015 Fare Increases
Cash Fare: 17.6%
Adult Ticket: 12.5%
Student Ticket: 8.8%
Adult Monthly Pass: 13.8%
Student Monthly Pass: 5.4%
Senior Monthly Pass: 24.4%
Sept 2016 Fare Increases
Cash Fare: 0.0%
Adult Ticket: 4.4%
Student Ticket: 2.9%
Adult Monthly Pass: 4.4%
Student Monthly Pass: 2.9%
Senior Monthly Pass: 16.7%
In the same
document, the HSR chalked out its ridership calculus.
1% increase in fares = 0.2% to 0.5% decrease in ridership
1% increase in service = 0.5% to 0.7% increase in ridership
In other words, as long as fare hikes accompany service improvements, all is well.
And here's where much of the decline is rooted: Not in the advent of Uber or SoBi, or the fluctuations of OPEC, but in the policies of the HSR and the direction of council.
Council, which
punted 2015 HSR system improvements into the second half of 2016.