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
It doesn’t make sense to spend that much pennies on using that when you can just have it also. I couldn’t refer this a ‘Leptitox killer’. You might have to be aware of all the fulfilling stuff you can do with this. ZTEC100 Tech Fitness
Albert Einstein established the Einstein Fellowship program, which allows young, brilliant students to work on a project unrelated to their past research. Although the application period for the Einstein Fellowship in 2024 coming to a close, there is still an opportunity to apply for this fully supported program in Germany. EINSTEIN FELLOWSHIP PROGRAM 2024
Slot Server Thailand merupakan situs slot gacor thailand atau situs slot gacor yang asal dari server thailand. Slot serbver thailand sekarang merupakan server slot terbaik dengan winrate tertinggi adalah 97%. Slot server thailand menjadi games yang paling disukai oleh penyuka slot gacor indonesia karena menunjukan perbandingan kemenangan tinggi sekali diperbandingkan dengan server slot biasa. Server slot thailand ini memberikan layanan deposit hanya cukup 5000 rupiah telah bisa nikmati seluruhnya permainan slot gacor server thailand ini.
Yeah bookmaking this wasn’t a bad conclusion great post! . betflix
Good post, well put together. Thanks. I will be back soon to check out for updates. Cheers betflix
Nice and informative post hope will share more again like that.
https://www.filmywap.gay
Thankyou for this wondrous post, I am glad I observed this website on yahoo. https://foxi.website
Chocolaty’s online flower delivery service in Sector 48, Gurgaon is absolutely fantastic! They offer a wide range of beautiful flower bouquets that are perfect for any occasion. From elegant roses to vibrant lilies, their floral arrangements are crafted with care and precision. The convenience of online ordering combined with their prompt and reliable delivery makes it a breeze to surprise someone special or add a touch of beauty to your own space. And let’s not forget about their mouthwatering chocolates and delicious cakes – a perfect combination to make any celebration extra sweet. Chocolaty truly knows how to deliver happiness.
The yellowstone john dutton season 3 hat worn by John Dutton is more than just an accessory—it’s a symbol of his authority and unwavering determination to protect his land and family
Travis & Sons Plumbing & Rooter is a plumbing company that the residents of Mesa, AZ, turn to with confidence. Our locally owned and operated business has been serving residents of Maricopa County since 1989. We’re a plumbing contractor equipped to make any job in the Mesa area go smoothly. Plumbing issues have the potential to cause a lot of damage to a home if not addressed in a timely manner, which is why we’re always quick to answer your call. Our company owner is proud to be highly involved in all of our work to ensure outstanding results. Our company is fast, reliable, and affordable, and we keep our quality as accessible as possible.
If you are an internet user on daily basis then must checkout this site. It has been an amazing experience. Believe me it’s totally worth of your time. Suggested to everyone! SEO BACKLINKS
thank you for a great post. film porno
XITOX FOOT PADS REVIEW XITOX – XITOX FOOT PADS (THE TRUTH!) XITOX FOOT PADS REVIEW – XITOX REVIEW – XITOX FOOT PADS REVIEWS
very interesting keep posting. film porno
Barmetrix specializes in liquor inventory control solutions for bars and restaurants. Their services aim to help establishments effectively manage their beverage inventory, optimize costs, and improve overall profitability.
Carl Azuz was the anchor of CNN 10 (CNN Student News). Now, this show is hosted by Coy Wire. Find out what happened to carl azuz.
Mp3juice Mp3juice Download your favorite songs from multiple online sources in 320kbps Mp3juices for free using Mp3 juice, an online source for high-quality audio. mp3 juice
Semoga makin berkembang industri rel di Prancis dari Bima Souvenir untuk seluruh dunia.
thankyou for the information in this site Naga777
먹튀사이트
신규사이트
스포츠분석
슬롯체험
카지노뉴스
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. slot bonus new member
It’s amazing. with what you came up with Every story is like you put yourself into it. It’s really very interesting. ดาวน์โหลด sexy gaming
lowongan pekerjaan subang
Informasi lowongan kerja Subang dan Sekitarnya. Info loker subang terbaru dan terupdate setiap hari Daerah Subang, Purwakarta, Karawang, Majalengka, Indramayu, Cikarang, Bekasi dan Bandung
สล็อตออนไลน์ ที่ได้รับความน่าเชื่อถือเป็นอันดับต้นๆ ของวงการ สล็อต มีเกมให้เล่นหลากหลาย superslot
so cool and thank you for the information Rans88
With the Linksys extender properly set up, you can enjoy expanded Wi-Fi coverage and improved connectivity throughout your home or office.
Linksys RE6250 Setup
I would like to tell you how to sign up for Binance Discount Max Fee using the Binance referral code.
Join Binance
I would like to tell you how to sign up for Binance Discount Max Fee using the Binance referral code.
Binance Method
I would like to tell you how to sign up for Binance Discount Max Fee using the Binance referral code.
How to sign up for Binance
Linksys WIFI Extender RE6500 Setup expand your Wi-Fi coverage with ease. Say goodbye to dead zones and enjoy uninterrupted connectivity. Reach out to us for any assistance you need.
By and large, a delicate erection is the main source of acceptable sex. Which is overseen by the alive element of Fildena tablets. Sildenafil citrate is a phosphodiesterase, which is a functioning fixing in Fildena 50 mg pills. It works in erectile dysfunction by expanding the blood stream to the penis, fundamentally by loosening up the muscles in the veins of the penis in men.
Really enjoyed this blog.Thanks Again. Much obliged. One Punch Man
Thanks again for the article post.Thanks Again. Really Great. poker88
Elearning – Educational Broadcasting Cambodia
https://elearning.ebc.edu.kh/
Major thanks for the blog article.Really thank you! Much obliged. poker88
Tham gia nhà cái cá cược Fun88 với link vào nhà cái mới nhất 2022. Những sản phẩm, trò chơi cá cược trực tuyến hấp dẫn đang đón chờ người chơi.
There is observably a pack to grasp about this. I guess you have made specific pleasant focuses in capabilities too. 로마드홀덤
I truly appreciate this post.Really looking forward to read more. Much obliged. One Punch Man
i operate a small computer shop at home and most customers enjoy playing online games’ Ikaria Juice Reviews
I always look forward to reading your new blog posts. Try facebook video download online free from facebook video download online free
👌I read your articles regularly as I get a lot of knowledge. You should also visit our website! Top-notch engineering consulting services. Our dedicated team of experienced engineers, designers, and technologists is driven by a passion for innovation and a commitment to excellence.
thanks for this usefull article, waiting for this article like this again.
situs porno
Thanks for the tips guys. They were all great. I have been having issues with being fat both mentally and physically. Thanks to you guys i have been showing improvements. Do post more. who shall believe the report of the lord
I know this is one of the most meaningful information for me. And I’m animated reading your article. But should remark on some general things, the website style is perfect; the articles are great. Thanks for the ton of tangible and attainable help. Humor Bucket Hat
Wow i can say that this is another great article as expected of this blog.Bookmarked this site.. Unique dofollow backlinks
Great post i must say and thanks for the information. Education is definitely a sticky subject. However, is still among the leading topics of our time. I appreciate your post and look forward to more home cleaning new york what does black roses represent