The price to climb Mount Everest will soon increase for the first time in nearly a decade, as Nepal announces a sharp mark-up in permit fees. From September, those seeking to summit the world's tallest mountain during peak season will have to pay $15,

Nepal will increase the permit fees for climbing Mount Everest by more than 35%, making the world’s tallest peak more expensive for mountaineers for the first time in nearly a decade.

Nepal is raising the permit fees to climb Mount Everest from $11,000 to $15,000. Income from the fees is a key source of revenue and employment for the cash-strapped country.