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
I like this – Gulvafslibning | Kurt Gulvmand , enjoyed this one appreciate it for posting keep update – Gulvafslibning | Kurt Gulvmand. รับทำ seo
I have to search sites with relevant information on given topic and provide them to teacher our opinion and the article. Open end yarn
I have to search sites with relevant information on given topic and. Open end yarn
Thanks for sharing this informative post. Baseball Racks
I truly welcome this superb post that you have accommodated us. I guarantee this would be valuable for the vast majority of the general population. comment nettoyer argenterie
In this article, we’ll delve into the phenomenon of the UGG Store, exploring the history, product range, and the unique shopping experience it offers. UGG, originally founded in California in 1978 by an Australian surfer named Brian Smith, introduced a new level of comfort to the world of footwear.
“This Is The Surprising Way Coronavirus Has Changed Travel Insurance”
토토주소
Saya akan mencoba rekomendasi Anda. solusi penerjemah
“10 Things You Need To Do Before Buying A House”
토토사이트
I want to express my admiration of your writing skill caishen wins
Chonluten Peptide In Stock Today is now readily available in stock today, offering a promising solution for health enthusiasts and individuals seeking a natural boost for their well-being. This innovative peptide, known for its potential benefits, has become a sought-after product.
Great Job for sharing such as creative and informative blog. I appreciate the way you presented the information.
Tata Ultra
Welcome to delphox, Your awesome source for Informative Blog Content and Trending News. Delphox.co.uk is a multi-niche Blog and News website managed by our Community. delphox
I feel nice about it and love learning more about this topic. buy steroids zelle I think that thanks for the valuabe information and insights you have so provided here. Wow, that’s what I was looking for, what a information!
Impressive web site, Distinguished feedback that I can tackle. Im moving forward and may apply to my current job as a pet sitter, which is very enjoyable, but I need to additional expand. Regards. best cosmetics in ksa
I always look forward to your posts! Really great read pg slot สมัคร
Excellent blog, I’m very exciting to read this blog waiting for more interesting. I wanted to drop you a line to let you know that I find your blog informative and engaging.hampton virginia bankruptcy lawyers
당신의 기사는 정말 사랑스러워 보입니다. 여기 당신이 좋아할만한 사이트 링크가 있습니다. https://www.bitsofwisdom.org/blog
Aakarshan India is the epitome of Indian fashion, seamlessly blending traditional craftsmanship with contemporary aesthetics. This Top Boutique in india is renowned for its exquisite designs, sustainable practices, and commitment to quality. With a diverse collection catering to the modern fashion connoisseur, each piece at AAkarshan India is a timeless masterpiece, reflecting the brand’s dedication to luxury and culture. Garment design is the art of creating clothing that blends fashion, functionality, and individual expression. Designers work with fabrics, colors, patterns, and styles to craft unique, wearable pieces. From haute couture to everyday apparel, garment design plays a crucial role in shaping the fashion industry, allowing people to showcase their personalities through what they wear.
Aakarshan India is the epitome of Indian fashion, seamlessly blending traditional craftsmanship with contemporary aesthetics. This Top Boutique in india is renowned for its exquisite designs, sustainable practices, and commitment to quality. With a diverse collection catering to the modern fashion connoisseur, each piece at AAkarshan India is a timeless masterpiece, reflecting the brand’s dedication to luxury and culture. Garment design is the art of creating clothing that blends fashion, functionality, and individual expression. Designers work with fabrics, colors, patterns, and styles to craft unique, wearable pieces. From haute couture to everyday apparel, garment design plays a crucial role in shaping the fashion industry, allowing people to showcase their personalities through what they wear.
chefdro? The Stuff- Bryan Armen Graham: Crash Course: Manny Pacquiao vs buy reviews google
สล็อตออนไลน์ With little capital, you can become a millionaire. Try your luck and get a special bonus at this website.
This is very educational content and written well for a change. It’s nice to see that some people still understand how to write a quality post.! best ccie security in india
BCI Group is your premier destination for all your container needs in Indonesia. Whether you’re in the market to buy or rent containers, we’ve got you covered.
With a wide range of options and top-notch quality, we offer the best solutions for your container requirements. Our services encompass Container Sales, with a particular focus on JualContainer (container sales) and Sewa Container (container rentals).
BCI Group stands out from the rest due to our commitment to providing the highest level of service and reliability in the industry. We pride ourselves on offering the finest quality containers, meeting all your storage and transportation needs with ease.
When you choose BCI Group, you’re choosing excellence, professionalism, and a seamless experience. Trust us for all your container needs, and we’ll ensure you receive the best quality and service in the market.
Container
You produced some decent points there. I looked on the internet for the problem and discovered most people may go along with along with your web site. buy instagram followers
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. best ccie security in india
Online Assignment Help is active 24×7 hours. Students connect with them anytime. They quickly solve all quarries at the same time. It helps us in the submission of coursework at the right time. Assignment help becomes an integral part of day-to-day homework that is required of students in both public and private universities and colleges also. That is the single reason; students from all parts of the globe prefer to select the coursework services of a reliable agency to shape their career
Linksys Velop AC1300 is a mesh Wi-Fi system designed to provide seamless and reliable wireless coverage throughout your home or office. The “AC1300” designation indicates the maximum theoretical wireless speed of the router, which is up to 1300 megabits per second (Mbps) using the 802.11ac Wi-Fi standard. Linksys Velop AC1300 Setup is a straightforward process.
Great insights in ‘Revenue Management in Action’! It’s a must-read for anyone in the field. The strategies and examples provided are invaluable.
A vast array of genres and styles available, from rock and jazz to electronic and classical, backing tracks cater to diverse tastes, ensuring that every musician can find their groove and bring their musical visions to life. Embrace the power of backing tracks and embark on a journey of limitless musical exploration.
backing tracks karaoke
이 정보 메시지를 공유 할 수있는 다시 게시 해 주셔서 감사합니다. 먹튀사이트
This is my first visit to your web journal! We are a group of volunteers and new activities in the same specialty. Website gave us helpful data to work. https://www.ironammonite.com/
El bolso bombonera ha sido un icono de la moda desde la década de 1950. Su diseño se inspiró en las bolsas utilizadas por los jugadores de bolos, de ahí su nombre en inglés “Bowling Bag.” Con el tiempo, diseñadores de moda han incorporado este estilo en su repertorio, dándole un toque de sofisticación y adaptabilidad. Bolso Bombonera oficial
Mastering the art of guitar soloing requires practice and precision, and rock backing tracks are the ideal training ground for aspiring guitar virtuosos. These tracks often feature sections designed for soloing, allowing guitarists to experiment with scales, techniques, and improvisation. In this article, we delve into how rock backing tracks can help you develop your soloing skills, build confidence, and eventually take center stage with scorching guitar solos that leave audiences in awe.
rock backing tracks
El bolso bombonera suele tener dos asas que se asemejan a las utilizadas en una bolsa de bolos. Estas asas brindan varias opciones de transporte: llevarlo en la mano o colgado del hombro. Bolso Bombonera oficial
Sangat informatif dan relevan. jasa penerjemah tersumpah
is it possible to get a better song than that smmpanel
Buta Proxyvon Capsule 10 belongs to the nonsteroidal anti-inflammatory drug (NSAID) or pain reliever class of drugs. Buta Proxyvon Capsule 10’s are frequently used to treat painful musculoskeletal joint diseases such as osteoarthritis, rheumatoid arthritis, and ankylosing spondylitis. Visit : Buta proxyvon
WJ Smith Construction is a reputable company known for its quality work and professionalism. Their team excels in various construction projects, from residential to commercial. Their dedication to excellence is truly commendable, making them a reliable choice for any construction needs.
https://www.wjsmithconstruction.com/
Discover the ultimate Skin Care Marketing Strategy to elevate your brand and captivate your audience. Our comprehensive approach combines data-driven insights, trend analysis, and innovative techniques to ensure your skin care products stand out in a competitive market. With our Skin Care Marketing Strategy, you’ll reach the right audience, create compelling content, and build brand loyalty. Transform your skincare business with our expert guidance. Unlock success with Skin Care Marketing Strategy!
Thank you for providing a good quality article.
바카라
I am glad to be a visitor of this perfect web blog ! , regards for this rare information! .
babe138 login
Turant Sambhog Vashikaran Vidhi (Instant Sex Attraction Spell) can help you get your partner’s attention, love, and affection instantly.
I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work… ironammonite
Detecting bad driving practices is made easy with TrackoBit’s driver behaviour tracking. The solution effortlessly monitors drivers’ and vehicle performance. It sends alerts and notifications whenever events like rash driving, tailgating, hard acceleration, braking and corners occur. Additionally, video telematics solution provides visual supervision to the fleet managers. Fleet managers get automated reports and real-time GPS tracking for crystal-clear visibility
Very nice design and style and fantastic subject matter, very little else we want : D. เว็บพนันออนไลน์ ที่ดีที่สุด
이 정보 메시지를 공유 할 수있니다. 다시 게시 해 주셔서 감사합니다. 툰코
Motion Lookout offers cutting-edge solutions in CCTV remote monitoring and virtual guard services. Safeguard your premises with our advanced technology, providing round-the-clock surveillance and enhanced security. cctv camera
There are thousands of magical mantras in vashikaran, but nothing compares to the effects of the Stri Sambhog Vashikaran Mantra. It is an incredibly powerful and effective way of attracting and controlling the person you desire.
With the rise of technology and the internet, it is now possible to buy Vashikaran tilak online, but how can you be sure that the product you are purchasing is authentic? In this blog post, we will discuss how you can authenticate your Vashikaran Tilak purchase online.