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
This layout is amazing! You most surely understand how to engage readers. I was almost inspired to start my own blog because of your humor and videos. Excellent work. 배당사이트
Personally, I have found that to remain probably the most fascinating topics when it draws a parallel to. You may find two to three new levels inside L . a . Weight loss and any one someone is incredibly important. Initial stage may be real melting away rrn the body. lose weight https://dekspin.com
We have sell some products of different custom boxes.it is very useful and very low price please visits this site thanks and please share this post with your friends. glucofreeze
This is extremely incredible work. Much thanks to you for sharing such a decent and valuable data here in the blog for understudies. https://dekspin.com
Thanks for such a fantastic blog. Where else could anyone get that kind of info written in such a perfect way? I have a presentation that I am presently writhing on, and I have been on the look out for such great information. SIGHTCARE
Thanks for a wonderful share. Your article has proved your hard work and experience you have got in this field. Brilliant .i love it reading. bokep indo
Actually diggin what you’ve got been posting right here recently. Id love to see you maintain with tons more of this. Bookmarked! 안전 토토사이트
I’m honored to obtain a call from a friend as he identified the important tips shared on your site. Browsing your blog post is a real excellent experience. Many thanks for taking into consideration readers at all like me, and I wish you the best of achievements as being a professional domain. Manufactured Leveling
Good site! I really love how it is simple on my eyes and the data are well written. I am wondering how I might be notified whenever a new post has been made. I have subscribed to your RSS which must do the trick! Have a great day! Mobile Home Leveling
I don’t even know how I ended up here, but I thought this post was good. I do not know who you are but certainly you are going to a famous blogger if you aren’t already Cheers! Manufactured Home Repair
We have sell some products of different custom boxes.it is very useful and very low price please visits this site thanks and please share this post with your friends. Carter Plantation
VIS Mountain is a full service market company delivering ranking results for Businesses. While many of our Customers are in healthcare. We have dedicated teams to work on all businesses such as law, services, car dealerships, and etc. From web design, website building, SEO optimization, local google ranking, geo tagging, voice search listing, we do it all.
voip
I dont think Ive read anything like this before. So good to find somebody with some original thoughts on this subject. thank for starting this up. This website is something that is needed on the web, someone with a little originality. Good job for bringing something new to the internet! CORTEXI
Thank you for providing slot information for me, I always win playing on this site DAFTAR TUNA55
Cherished could well be essentially the most needed gatherings that you saw. You might without doubt must carry out it as being pleasant as you can. In the garment to get a plants for one’s wines to your advantage people’s toast, all kinds of things wants to be in the right sequence. TUPI TEA
Dr. AcuMassage is a licensed Doctor of Acupuncture, Yoga Therapist and Orthopaedic Massage Specialist with a private practice in Calgary, Alberta.
Yoga Straps
I found your this post while searching for some related information on blog search…Its a good post..keep posting and update the information. film porno
This is The best review about Rail way in France
Keluaran Hk 2023
Gabriel Kuhn, a prominent figure in the realm of activism, has made significant contributions to social justice movements and grassroots organizing.
https://mediabiascharts.com/gabriel-kuhn/
is David Arquette and Patricia Arquette related ? they sort of look sisters and brothers” KETO ACV GUMMIES
Superior School of Real Estate by Chanda: SSRE.biz offers various real estate classes designed to assist potential Realtors, and those agents who are real estate huntsville
I really appreciate the kind of topics you post here. Thanks for sharing us a great information that is actually helpful. Good day! situs bokep
If you don”t mind proceed with this extraordinary work and I anticipate a greater amount of your magnificent blog entries.
Soccer camp Inglewood
I want to say thanks for beautiful blog sharing with us. Your blog really great resource to update my knowledge.
Soccer camp Inglewood
Your post has those facts which are not accessible from anywhere else. It’s my humble request to u please keep writing such remarkable articles
Soccer camp Inglewood
Chanda Davis Real Estate is one of the fastest growing companies in Huntsville. We specialize in “All Things Real Estate”, from real estate education.
best real estate agents
This was a shocking post. It has some look at here fundamental data on this subject.
Soccer camp Inglewood
There are some attention-grabbing points in time in this article but I dont know if I see all of them middle to heart. There may be some validity however I will take hold opinion till I look into it further. Good article , thanks and we wish extra! Added to FeedBurner as well BOOSTARO REVIEW
There are incredibly a lot of details like this to take into consideration. Which is a great point to raise up. I provide thoughts above as general inspiration but clearly you can find questions such as one you start up the place that the most crucial thing is going to be getting work done in honest very good faith. I don?t determine if guidelines have emerged around stuff like that, but I am certain that the job is clearly identified as a fair game. Both boys and girls have the impact of only a moment’s pleasure, through-out their lives. free premium PHP scripts
If you are interested in imagine a alter in distinct llife, starting up usually the Los angeles Surgical procedures fat reduction method is a large movement in order to accomplishing which usually idea. lose belly fat EXIPURE
Nice site. On your blogs very interest and i will tell a friends. ALPILEAN
Türkiye’nin en kaliteli hava durumu 15 günlük sitesinde Adana hava durumu tahminleri için sayfayı kullanabilirsiniz.
I ran across your site last week and started to follow your posts consistently. I haven’t commented on any kind of blog site just yet but I was considering to start soon. It’s truly exciting to actually contribute to an article even if it’s only a blog. I really don’t know exactly what to write other than I really loved reading through a couple of of your articles. Great articles for sure. I will keep visiting your blog regularly. I learned a lot from you. Thanks! PRODENTIM
It’s appropriate time to make some plans for the future and it is time to be happy. I have read this post and if I could I wish to suggest you few interesting things or advice. Perhaps you could write next articles referring to this article. I desire to read even more things about it! javascript deobfuscater
افضل موقع بيع متابعين
سيرفر زيادة متابعين
متجر دعم
Agen Pulsa Termurah
Arjuna Pulsa Aplikasi jual pulsa, Agen Pulsa Termurah Daftar Gratis Server Pulsa Elektrik Murah 1 Chip All Operator Terbaik, Termurah & Terpercaya, pendaftaran gratis
I feel that this article has cleared my doubts in many ways.1
Thank you admin for bringing this article to read.ดูบอลออนไลน์
Even if what I am allowed to do is a tough and rough future, I think I can brighten my rough future with just this article먹튀검증
Situs Anda selalu memberikan artikel yang update, menarik dan bermanfaat jasa anti rayap jakarta barat
pertamax gan terimakasih untuk infonya, sangat bermanfaat catering aqiqah tangerang
Unlock the potential of audio content with precise and efficient transcriptions, enabling accessibility, organization, and comprehension for a seamless listening experience.
transcrição de audio
saya kagum dengan artikel jok mobil jogja
Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something, this is excellent blog.
카지노사이트랭크
Great info. Thank you for sharing this fascinating information together. I am so blessed to discover this.
먹튀검증사이트
website ini mempunyai banyak sekali informasi menarik, selalu update kak jasa anti rayap kelapa gading
saya berterimakasih karena website ini selalu memberikan hal menarik bagi saya biaya tes toefl
This is very interesting, I love how you express yourself in form of writing. You’re a very skilled blogger.
지울프-토토
Good blog you have got here.. It’s hard to find quality writing like yours these days. Thank you for sharing.
바카라사이트닷컴