Especially with a 19 month in tow, we did not have it in us to hike up the hillside for a birds eye view of Cochem. Rather, we opted to ride the chair lift - it offers a great view and in our case was better than hiking - though I am sure it is a great hike up.
The ride is short and was around 7 euro per adult - we did have to ride in separate lifts as only 2 people are allowed per car - even a baby being worn in a carrier.
It was worth it for the experience and view - not sure it is a "must."
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