1. Industry Overview:
In France, one of the most popular transport modes is train. SNCF is France’s national railway, providing high speed, overnight and local services in France and beyond into Spain, Switzerland and Italy.
>> http://www.tgv-europe.com/en
Types of Train in France:
Railway industry is quite similar to airline industry, as it sells seats for a transport from an origin to a destination. The price depends on journey, class, and date of booking. Thus, railway industry can be placed in Quadrant 2, where its service has variable prices for a predictable duration. This industry also has the appropriate characteristics to apply revenue management strategies. Those characteristics are:
– Inflexible capacity: the number of seats on a train is fixed
– Variable and uncertain demand: the demand is different depending on the time of day, day of week, origin-destination pairs, and purpose of travel
– Perishable inventory: the unoccupied seat cannot be inventoried, and the revenue of that seat is missed
– Low marginal cost and high production cost
– Product can be sold in advance
– Heterogeneous customers with different segments, varying by age, purpose of travel, independent or group, etc.
However, there are some differences that make the revenue management of railway industry is little bit different than that of airline industry.
– More difficult to forecast demand and to have the accurate number of travelers on a service: no check-in procedure, open tickets (rail pass) generally allow passengers to travel on any rail service, walk up tickets are very common (a large number of passengers purchase their tickets on the day from the station)
– Less difficult to deal with overbooking: passengers are often allowed to stand during train journeys hence increasing capacity beyond the number of seats
———
2. Space
Railway industry defines space implicitly.
Normally, a train has two classes: Economy (2nd Class) and Comfort (1st Class). The seating options and services are different for each class. The price is same for different seating options in a class.
Economy Class:
Comfort Class:
Trains, especially TGV has “TGV bar”, which provides a wide selection of meals and sweet snacks available for purchase. Additionally, the TGV bar offers films on DVD, magazines, games for children, Paris Metro tickets, even USB sticks for purchase. There is also a rolling snack cart that comes to the customers’ seats.
For additional revenue, TGV offers Premium service includes 1st Class seat, meal service, and access to the TGV lounge at the train stations.
Personally, I would charge difference fares for different seating options in each class. A group will want to pay more to have a Club 4 seat. A couple will want the Duo seat or Club 2 seat. And an individual traveler will want a solo seat. As the number of seat are fixed, we can charge for each option, rather than a “first comes first served” policy.
I’m also thinking about a mini-cinema on train, especially overnight train. Normally, the overnight train have load factor less than 80%, so the train can use one car to transform into a mini-cinema with a projector and a screen. When the train is busy, the car will be transformed in normal guest car again.
——
3. Time
Railway industry defines time implicitly.
Although the duration of a journey is determined, the railway industry sells a journey rather than specifically selling time. In addition, there may be issues that cause the increase/decrease in duration of the journey.
However, the railway industry also tries to sell time explicitly with the Rail pass. With Rail pass, customers can have unlimited travel on the national rail network of France for a fixed number of days. The choices are 3, 4, 5, 6, 7, 8 or 9-day pass within a one-month period. Travel days may be used consecutively or non-consecutively. Thus, the fare becomes rate-per-day, not anymore rate-per-trip.
>> http://www.raileurope.com/rail-tickets-passes/france-pass/index.html
The industry can sell time explicitly by providing Rail pass with weekly or monthly unit. However, I think it will not be effective as it makes the demand forecasting much more complicated. Half-day unit won’t make sense as a trip is normally more than 3 hours.
——–
4. Price
Tickets can be purchased 60 to 120 days in advance depending on the route.
Ticket discounts are based on advance purchase, availability, and certain restrictions. Everyone is eligible to receive discounted fares by purchasing an Economy or Comfort class ticket in advance. Youth and seniors can enjoy specific discounts as well. Discounted tickets are available for youth (under 26 of age), seniors (age 60 and over) and children (generally ages 4-11) but should be verified with each product.
Price at 1 week before departure
Price at 2 weeks before departure
Price at 3 weeks before departure
Price at 4 weeks before departure
Normally, prices are reduced for 1or 2 week-advanced purchase, slightly reduced for 3-week-advanced purchased, and stay same for more-than-4-week-advanced purchase.
The physical rate fences are the classes:
The non-physical rate fences are age, season ticket, and loyalty
As the rate fences are now already too sophisticated, I would rather consolidate these fences than create new fences to confuse customers.
(-Thao Ly)
——–
References:
http://www.raileurope.com
http://www.tgv-europe.com
http://www.sncf.co.uk/
Amstrong and Messneir, 2010. Railway revenue management: Overview and Methods
Schroeder, Braun, and Schnieder. Revenue management in the railway industry
Railway Industry have pretty good improvement
https://adammuiz.com/
Nice post. I was checking constantly this blog and I’m impressed! Extremely useful info specially the last part I care for such information a lot. I was seeking this certain info for a long time. Thank you and good luck. pacman 30th anniversary
Thank you for sharing your list of Forum Submission Sites List. I really appreciate your efforts and I am waiting for your next post thank you once again.
I find myself coming to your blog more and more often to the point where my visits are almost daily now! Automatic door openers
Thank you for providing such a great list of the Question and Answer Websites List. I am looking for sites that give me a good quality link, I found that sites. So thanks again, and keep writing.
you use a great blog here! do you want to have the invite posts on my small weblog? Cctv installation
did more than my expected results. Many thanks for displaying these effective, trustworthy, explanatory and in addition easy tips about your topic to Jane. https://www.moris-shop.com/a-handful-of-bribable-approaches-associated-with-scalawag-on-the-net-gambling-establishments/
I have read a few of the articles on your website now, and I really like your style of blogging. I added it to my favorites blog site list and will be checking back soon. Please check out my site as well and let me know what you think. https://psycholog-online.tv/zaburzenia-odzywiania-bulimia-anoreksja-leczenie/
healing crystals and natural stones
Very Impressive Post. Perfect & Precious Information. Keep Sharing!!!!! Furthermore, I would like to share some sound knowledge about Trusted Physiotherapy Clinic in Surrey. Think Physiotherapy is one of highly rated clinics in Surrey & British Columbia. We provide physical therapy, chiropractic & massage therapy for our patients. For Detail Call (604)-372-4601, or Reach our Website you will get complete information…
Thanks for the nice blog. It was very useful for me. I’m happy I found this blog. Thank you for sharing with us,I too always learn something new from your post. https://psycholog-online.tv/fobia-spoleczna-lek-spoleczny-przyczyny-objawy-oraz-leczenie/
Thanks for the nice blog. It was very useful for me. I’m happy I found this blog. Thank you for sharing with us,I too always learn something new from your post. acong4d
Thanks for the nice blog. It was very useful for me. I’m happy I found this blog. Thank you for sharing with us,I too always learn something new from your post. http://www.literaryetc.com
My brother recommended I might like this web site. He was totally right. This post actually made my day. You cann’t imagine simply how much time I had spent for this information! Thanks! http://www.thecreativeallianceexperience.com/online-on-line-casino-overview-are-aware-of-the-relevancy/
ถ้าคุณเป็นนักพนันที่กำลังมองหาโบนัสที่คุ้มกับการฝากของคุณเราขอเสนอ pg slot เครดิตฟรี เว็บไซต์ที่ให้บริการเกมสล็อตรูปแบบใหม่นี้ เว็บไซต์เรายินดีแจกเครดิตให้ลูกค้าทุกท่าน!! โดยฝากคราวแรกของวันก็รับโบนัสไปเลย ที่ pg-slot.game
I love the tips on this site, they are always to the point and just the information I was looking for Kitchen Companies Dubai
I found your blog website on google and verify a couple of of your early posts. Continue to maintain up the very good operate. I simply further up your RSS feed to my MSN Information Reader. Looking for forward to studying more from you in a while!? I am typically to blogging and i actually respect your content. The article has really peaks my interest. I’m going to bookmark your website and keep checking for brand spanking new information. click this site
news
newsindiastudio.com இந்தியா மற்றும் உலகம் முழுவதும் இருந்து சமீபத்திய செய்திகளை வழங்குகிறது. இந்தியாவில் இருந்து பிரேக்கிங் நியூஸ் விழிப்பூட்டல்களைப் பெறுங்கள் மற்றும் அரசியல் போன்ற துறைகளில் இன்றைய நேரடி செய்தி புதுப்பிப்புகளைப் பின்பற்றவும்.
Jasa sedot WC Surabaya
Layanan jasa sedot WC terbaik dan termurah di Surabaya, memiliki tim yang profesional dan berpengalaman lebih dari 9 tahun di bidangnya, dengan harga mulai 100ribuan, siap melayani 24jam
I encourage you to read this text it is fun described … animeflash
I don’t accept as true with this particular blog post. Nonetheless, I did searched with Google and I’ve found out that you’re correct and I seemed to be thinking in the wrong way. Carry on publishing top quality articles like this. https://foxnews-us.com/various-categories-of-by-means-of-the-net-gambling-house-on-the-internet-games/
An fascinating discussion is worth comment. I think that it’s best to write more on this topic, it won’t be a taboo topic however usually individuals are not enough to speak on such topics. To the next. Cheers https://www.pre-news.com/key-advantages-of-on-line-casino-bonus-items/
This is a truly good site post. Not too many people would actually, the way you just did. I am really impressed that there is so much information about this subject that have been uncovered and you’ve done your best, with so much class. If wanted to know more about green smoke reviews, than by all means come in and check our stuff. [Reply] https://www.diamondhcattleco.com/selling-point-about-on-the-web-casino-games/
prodentim
Interesting post. I Have Been wondering about this issue, so thanks for posting. Pretty cool post.It ‘s really very nice and Useful post.Thanks situs slot online
pg slot 99 Pg Slot 99 ตัวแทนเว็ปยักษ์ใหญ่ ปลอดภัย อันดับ 1 ของไทย รวดเร็ว และเป็นที่นิยมมากมาย มีพนักงานพ้อมบริการ ตลอด 24 ชั่วโมง pgslot
This is actually the kind of information I have been trying to find. Thank you for writing this information.
auto entrepreneur formation
Thanks for this wonderful post. The information in this article is very helpful to me.Thanks a lot for sharing..win88Indian horse race information is not always easy to come by and you can do your own research on the subject, but sometimes it can be difficult to find one online. If you want informative articles and guides on Indian horse races, then this article is for you!
I am really impressed with your writing style. Everyone wishes to succeed on Amazon but, is it possible? Yes, only by implementing the Fundamentals for Amazon Product Images.
Superbly written article, if only all bloggers offered the same content as you, the internet would be a far better place.. trading platform
Interesting topic for a blog. I have been searching the Internet for fun and came upon your website. Fabulous post. Thanks a ton for sharing your knowledge! It is great to see that some people still put in an effort into managing their websites. I’ll be sure to check back again real soon. pacman 30th anniversary
Temazepam is metabolised basically withinside the liver in which maximum of the unchanged drug is at once conjugated to the glucuronide and excreted withinside the urine. Less than 5% of the drug is demethylated to oxazepam and removed because the glucuronide. temazepam 20mg
Temazepam is metabolised basically withinside the liver in which maximum of the unchanged drug is at once conjugated to the glucuronide and excreted withinside the urine. Less than 5% of the drug is demethylated to oxazepam and removed because the glucuronide temazepam 20mg
Temazepam is metabolised basically withinside the liver in which maximum of the unchanged drug is at once conjugated to the glucuronide and excreted withinside the urine Less than 5% of the drug is demethylated to oxazepam and removed because the glucuronide. temazepam 20mg
Regular visits listed here are the easiest method to appreciate your energy, which is why why I am going to the website everyday, searching for new, interesting info. Many, thank you! bitmain antminer s19 pro
I was surfing the Internet for information and came across your blog. I am impressed by the information you have on this blog. It shows how well you understand this subject. Coroane funerare
I am impressed. I don’t think Ive met anyone who knows as much about this subject as you do. You are truly well informed and very intelligent. You wrote something that people could understand and made the subject intriguing for everyone. Really, great blog you have got here.blanket hoodie
This article gives the light in which we can observe the reality. This is very nice one and gives indepth information. Thanks for this nice article. best forex bonus
It is a great website.. The Design looks very good.. Keep working like that!. skyward fbisd
Great post, thanks for the awesome blog post. I’m having troubles subscribing to your blogs feed. Thought I’d let you know login joker123
Temazepam is metabolised basically withinside the liver in which maximum of the unchanged drug is at once conjugated to the glucuronide and excreted withinside the urine. Less than 5% of the drug is demethylated to oxazepam and removed because the glucuronidetemazepam 20mg
Serwis TIR
W bezpośrednim sąsiedztwie Centrum Serwisowym Mostki znajduje się znany i ceniony przez wielu kierowców pojazdów ciężarowych PORT 2000 oferujący pyszne obiady, myjnię TIR oraz obszerny i bezpieczny parking.
OBCBET adalah Agen judi casino https://www.melissackoh.com/wm-casino/ terpercaya dan terbesar di Indonesia
I think that thanks for the valuabe information and insights you have so provided here. 가입머니 즉시지급
Thanks for sharing us. 가입머니 1만
The website is looking bit flashy and it catches the visitors eyes. Design is pretty simple and a good user friendly interface. 꽁머니
You there, this is really good post here. Thanks for taking the time to post such valuable information. Quality content is what always gets the visitors coming. 신규가입 꽁머니
Thank you because you have been willing to share information with us. we will always appreciate all you have done here because I know you are very concerned with our. 토토 신규가입꽁머니
This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free. 가입시 꽁머니 환전
I like this website because so much utile stuff on here : D. tangkasnet