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
I truly appreciate this article post.Really thank you! Great. 918kiss lama
Thanks again for the article post.Really thank you! Keep writing. 918kissme
Awesome blog.Really thank you! Cool. pussy888
Looking to How to Send Bitcoin through the Coinflip ATM? Coinflip ATM has got you covered! With our Bitcoin ATMs, you can send Bitcoin to anyone in the world in just a few simple steps. Our ATMs are located all across the United States, making it convenient for you to send Bitcoin whenever and wherever you need to. Just visit one of our many ATM locations, insert your cash, and send Bitcoin instantly to your desired recipient.
Say, you got a nice article.Thanks Again. Keep writing. download pussy888
I cannot thank you enough for the article.Thanks Again. Really Cool. mega888 login
Enjoyed every bit of your article post.Really looking forward to read more. Much obliged. mega888 download apk
Awesome blog. Much obliged. 918kiss apk
Major thanks for the article.Thanks Again. 918kiss apk
Real estate has been a popular investment option for centuries, and for good reason. Investing in real estate can offer a wide range of benefits, from generating a passive income to building long-term wealth. In this blog post, we’ll explore some of the key reasons why investing in real estate is a smart move for anyone looking to grow their wealth and secure their financial future. Sikka Mall of Noida is also providing the best investment facility in Noida
Looking forward to reading more. Great article.Really thank you! Will read on… mega888 apk
Im grateful for the blog article.Much thanks again. Cool. 918kiss
Im grateful for the blog article.Thanks Again. Want more. 918kiss malaysia
I think this is a real great blog post.Really looking forward to read more. Really Cool. pussy888 test id
Say, you got a nice article post.Thanks Again. Really Cool. pussy888 ios
Thank you for your blog.Much thanks again. Want more. mega888 ios
I really like and appreciate your blog.Much thanks again. Cool. mega888 test id
Thanks for the article.Much thanks again. Keep writing. pussy888 download
Good vidio bokep jepang
It proved to be Very helpful to me and I am sure to all the commentators here 스포츠중계
If you are interested in Android AppS. PC Softwares and MAC Applications then you can visit our official websites for registered applications which you can download full free without paying any charges.Then You Should Follow Our Blogs
Trinder Mod apk
Remouse License Key Crack
Bergabunglah GALAU4D untuk mengalami permainan yang luar biasa dan menarik. Nikmati kepuasan dengan bonus dan promosi di situs kami.
Southwest Airlines Reservations is the best choice for those looking for amazing deals on flights. The booking process is fast and simple so that you can get your spot at the lowest price. These deals are not available forever so don’t delay! To take advantage of these savings, book your flight now.
M3M Plots Panipat is a residential project located in Sector 36 of Panipat. The project offers a wide range of plot sizes ranging from 120 square yards to 1000 square yards. The project is spread over 310 acres and is designed to provide a luxurious and comfortable living experience to its residents. The project is strategically located near the Delhi-Panipat Expressway, which provides excellent connectivity to Delhi and other parts of the NCR. The project offers a wide range of amenities that are designed to provide a luxurious and comfortable living experience to its residents.
Hello, I’ve read the most of your entries. I think the most helpful material for my investigation came from this site. Thank you for posting; perhaps you could elaborate. Do you know of any further websites devoted to this topic? Top VPN Service
hii……am Anushka Sen in Jammu. Every Jammu Escorts Service is just the best to help clients in getting the best moments of love. They are certainly the ones who excite you and make the best arrangements to give you the most comfortable sensual time of your life.
Nice Post,
IT Education Centre offers comprehensive SQL courses in Pune.. These courses are designed to teach students Structured Query Language and help them become data analysts and managers. Our SQL Training in Pune includes adaptive learning, customized webinars for students, and practical instructions. Apply for a Free Demo Class, Today.
Alien lab disposable is dedicated to supplying the best alien lab products at the best price We have the best disposable vape on the market.
alien lab disposable
Looking for Rochester MN home inspectors? Clay Somers offers certified home inspections in Rochester, MN. Call now for fast turnaround inspections.
home inspectors rochester mn
Great job for publishing such a beneficial web site. Your web log isn’t only useful but it is additionally really creative too. There tend to be not many people who can certainly write not so simple posts that artistically. Continue the nice writing akun pro lasvegas
What is GlucoTrust? GlucoTrust Helps control high blood sugar levels in people with diabetes. GLUCOTRUST REVIEW
What is GlucoTrust? GlucoTrust Helps control high blood sugar levels in people with diabetes. GLUCOTRUST REVIEW
We wanted to be the coolest in the business! we collected the coolest products we found! we wanted to offer cool stuff and now we do! every week we launch new gadgets for you! Summer is the perfect time for fun in the sun. However, it can also be a challenging season for men’s and women’s fashion. With the high temperature during the summer season. Therefore, with the temperature soaring, men need to choose stylish and also comfortable, and functional clothing to beat the heat of hot summer days. Interestingly, branded t-shirts for men and women have a significant role to play here.
Although, t-shirts are a classic fashion clothing to wear in summer. However, wearing branded t-shirts in summer can be risky and requires careful consideration before you start wearing them
John Wick 4 Movie Review: There Will Be Blood, Yeah. In the latest and longest movie set in Wick World, Keanu Reeves’s titular assassin
Cool stuff you have got and you keep update all of us. blossoms by the park pricing
In today’s digital age, watching your favorite TV shows and movies has become more accessible than ever before. With the rise of online streaming platforms, you can now enjoy your preferred entertainment at the comfort of your home, anytime and anywhere. One such platform that has gained immense popularity among users is hdtoday.lol, the official website that offers the latest English series and movies for free.
HdToday
You know your projects stand out of the herd. There is something special about them. It seems to me all of them are really brilliant! seo españa
Perhaps this is a bit off topic but in any case, I have been surfing about your blog and it looks really neat. impassioned about your writing. I am creating a new site and hard-pressed to make it appear great, and supply excellent articles. I have discovered a lot on your site and I watch forward to additional updates and will be back. Roku casino
It was extremely helpful for me. I’m cheerful I discovered this blog. Much obliged to you for offering to us, I too dependably gain some new useful knowledge from your post. 축구중계
شهر رمضان، شهر الصيام والقيام وتلاوة القرآن، شهر العتق والغفران، شهر الصدقات والإحسان، شهر تفتح فيه أبواب الجنات، وتضاعف فيه الحسنات
UFA7-11 เว็บตรงแทงบอลออนไลน์ เว็บตรงยูฟ่าเบท พนันบอล บาคาร่า สล็อต ครบวงจรที่สุด 2023 เว็บพนันบอล ของเราก็ยังมีสูตรที่พร้อมสำหรับ ค่ายเกมทั้งหลายมาให้ร่วมสนุกกันในที่เดียว เว็บตรงแทงบอลออนไลน์ เว็บพนันบอลออนไลน์ บาคาร่า บาคาร่าออนไลน์ ทั้งระบบ iOS และ Android
I’m going to read this. I’ll be sure to come back. thanks for sharing. and also 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… https://www.newsmaker.com.au/news/382216/apple-keto-gummies-australia-review-latest-december-info-2022#.ZBxoznZBxPY
Great to see the updating of the guidance and solutions by them! No doubt this is one of the best sites for everyone! They are really perfect in their work! Suggested to all! hokibet
Good There is numerous separate years Los angeles Weight reduction eating plan with each a person is a necessity. The pioneer part can be your original getting rid of belonging to the extra pounds. la weight loss Bokep Jepang
Great Information sharing .. I am very happy to read this article .. thanks for giving us go through info.Fantastic nice. I appreciate this post. hacer pagina web
I see the best substance on your blog and I incredibly love understanding them
스포츠중계
Friend, this web site might be fabolous, i just like it. akun pro lasvegas
I love the way you write and share your niche! Very interesting and different! Keep it coming!เว็บบาคาร่าที่ดีที่สุด
Keep checking for new information on this. Good job 바카라사이트
Wow! Such an amazing and helpful post this is. you’re great buddy 온라인카지노