Movie ticket prices up by $5
Local cineplex MovieTowne has raised its movie ticket prices by $5.
The price increase took effect on June 1.
The operator of the multi-screen cinema complex said it was the first increase in five years, and only applied to regular films, not 3D movies.
The cost of an adult 2D ticket is now $50, and a child's ticket is $40.
"I think it's a reasonable increase. We have to deal with rising operating costs, including increased wages. Land rent from the Port Authority has also risen by 175 per cent," chairman of Multicinemas Ltd (owners of MovieTowne) Derek Chin said yesterday.
"We have not passed on (some of our costs) to the customer yet," he added.
MovieTowne operates cinema screens in Port of Spain, Chaguanas and Tobago.
It recently expanded to Guyana and has plans to open in south Trinidad.
Several customers have complained about the price increase but Chin said he did not really hear anything negative.
"The cost of running a business has gone up. ... We've been careful and responsible about our price increases. It's only been 11 per cent when it should really be more," he said by phone.
Chin said he wanted the Port Authority to reconsider the rent hike.
"They might feel MovieTowne is a money tower but we are having queries over it because it is very tough for what we had to pay to what we have to pay now," he added.