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.
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
thanks for the info https://bit.ly/2mX1ooT
great post http://bit.do/eANHU
hope to hear https://is.gd/KWAf2E from you
great article https://v.gd/W52Vlh
https://goo.gl/bF135R
taka a look https://bit.ly/2LPMMWo
http://bit.do/eANHG yes
lets see if it is https://is.gd/Fe9CEz
final thoughts on https://v.gd/TERR83
In today’s business atmosphere, meetings, conferences, and events are essential in establishing and personally finger point to different business as well as growing one’s professional network.
The dynamic event management business is constantly developing and embracing modern ideas and super technologies to engage in various event business challenges.
buy paper online from trusted custom writing service. AssignmentGo is a perfect place to purchase custom papers.
Our B2B matchmaking & networking platform will help you plan high-quality networking events EvenBH provides you a fully automated B2B matchmaking system that will do the heavy lifting for your Dependable B2B matchmaking platform to connect people.
For your info http://www.eventbh.com/event-check-in/
capefearbedding,mattress stores,mattress stores near me,mattress store,mattress store near me,the mattress store,best price mattress,cheap mattress stores,discount mattress stores,natural mattress store,mattress stores chicago,denver mattress stores,best mattress for the price,best mattress prices,mattress stores phoenix,mattress stores denver,mattress outlet stores,sleepys mattress store,mattress firm store hours,mattress stores austin,mattress stores los angeles
Cape Fear Bedding mattress store in Wilmington NC,we offer Tempur-Pedic and Sealy Mattresses.We are locally owned and have the most 5 star reviews in town.
Check in apps for events
The entire measure of the gathering of people at your public expo or meeting decisively a standard add up to assess the occasion’s prosperity rate. But, it is likewise obvious that occasions essentially concentrating on littler specialty gatherings of people are picking up force in the market. As the quantity of participants is littler, the occasion estimate is littler, the financial plan and the size of occasion activities is likewise littler.
For more
This Article is very Useful and in the same place enjoy full too. and it will help you solve your problem. http://www.aolmailsupportphonenumber.com/
Cosmic Consultancy is a detective agency in Mumbai which provides highly professional and discreet detective services in Mumbai and PAN India basis.
http://www.CosmicConsultancy.in/
Awesome
http://www.rupshikarai.com/
The total amount of the audience at your trade show or seminar without a hesitation a standard amount to evaluate the event’s success rate.
Except, it is also true that events mostly focusing on smaller niche audiences are gaining momentum in the market. As the number of attendees is smaller, the event size is smaller, the budget and the scale of event operations is also smaller.
The main advantage, however, in organizing these types of events is that there is more interaction between the attendees and exhibitors, who connect to each other more easily and the whole experience becomes more personalized. These micro-focused events are surely here to stay.
Event Technology refers to make use of of technology, whether hardware or software, in a live event. Technology can be used during events to make easy event planning processes, engage attendees, provide technology for sponsors & boost security for the community hosting the event. The main factor when choosing an event technology provider is customer support. Using modern technology and low cost were also key factors in the decision making process. The most commonly used eventtech among eventprofs is online registration, with using it for their events. Email marketing & survey tools are also essential. Event technology can be utilized amid the whole event planning process, including the facilitation of core activities for example, registration and marketing.
Thanks for sharing such useful information. Hope everyone is gets benefited. Visit: Stella Bruce Novels Free Download
I like visiting you site since I always come across interesting articles like this one.
Great Job, I greatly appreciate that and it’s good for explain Best Strategies to Reduce Plagiarism in my Assignment. Do Keep sharing.
Occasion Onsite Management Apps empowers you to effectively overcome the day of your Event. Business matchmaking for buyers and merchants to make pertinent associations and encourage the critical social affairs empowering them to amplify their systems administration openings at the occasion. Our Business Matching Programmer means to esteem add to your experience and systems administration potential at EventBH. for mor info http://www.eventbh.com/onsite-event-management-software/
EventBH is a basic element in the occasion event involvement. Event innovation can be utilized within the entire event arranging process, including the assistance of center exercises, for example, enrollment and showcasing. As of late, event innovation has picked up noticeable quality to connect with participants amid the
event and encourage attendees to attendees and attendees to performer.
for more info http://www.eventbh.com/business-matchmaking-app/ .
http://www.nipunatechnologies.com
Thanks for this information. I love this..
If you want gov job enquiry then visit bankerszone
فرش مدرن،فرش مدرن ترک،فرش مد رن ایرانی،فرش مدرن ترکیه ای،فرش مدرن کلاریس،فرش کاشان
http://hojrehfarsh.ir
فرش کاشان،خرید فرش ،فرش مد رن،فرش 1200،فرش 1000
http://farshfrosh.ir
http://www.ho-jansen.nl
http://www.vanwijkenco.nl
http://www.thomasagencies.nl
http://www.elektronicaalmere.nl
http://www.marrummechanisatie.nl
http://www.schuitemaker-machines.nl
http://www.tosstech.nl
http://www.tuincentrumtroost.nl
http://www.benzine-grasmaaier.nl
https://www.dewildebouwinfo.nl
http://www.airfryer-xl.nl
http://skyniaz.ir/
http://onlinesnic.ir
http://padblog.ir
http://sportblog.ir
http://cmsnegar.ir
http://maxvps.ir
http://maxvps.ir
http://mihanfiles.ir
http://rozfile.ir
http://magaleha.ir
http://mihanwhmcs.ir
http://skyniaz.ir