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
The contents are well organized.
It’s really cool. I’m a baby’s mom, but I want to make good contents like this
Thanks for the valuable information and insights you have so provided here… hitman hire
The contents are well.
It’s really good. I’m a baby’s mom, I want to make good contents like this 🙂
Revenue management optimizes pricing and distribution to maximize profit. By analyzing demand patterns, businesses can adjust prices dynamically, allocate resources efficiently, and enhance customer satisfaction. This strategic approach is crucial in industries like hospitality and airlines, ensuring optimal revenue generation through data-driven decision-making. bankrupty attorney near me
I Love it, Very HelpFull and Informative Content, Thank You for Sharing it.
A CTET national-level test is conducted by the Central Board of Secondary Education (CBSE). CTET exam is held to check students’ eligibility for the post of teacher in Central Government Schools such as KVS, NVS, and others. To prepare well for the entrance exam, students can solve the CTET Mock Test 2024 as it involves various kinds of questions.
CTET Mock Test 2024
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… Madhur Matka
บาคาร่า
เว็บเดิมพันบาคาร่า เว็บตรงไม่ผ่านเอเย่นต์ ที่ดีที่สุด
Your article was very impressive to me. It was unexpected information,but after reading it like this. สอบถาม hokabet
very interesting article, helpful and so useful biaya operasi gigi bungsu
Thank you for sharing a great article. Interesting, post. Good Job! biaya perawatan saluran akar gigi
สล็อตออนไลน์
สล็อตเป็นเกมการพนันที่มีความนิยมมากในโลกออนไลน์และโลกแห่งการพนันทั้งหลาย ซึ่งเกมนี้มีลักษณะเด่นในการเล่นง่ายและมีรางวัลที่มากมายให้ผู้เล่นได้เลือกเล่น การเล่นสล็อตออนไลน์มักจะมีการใช้เงินเดิมพันจริง โดยผู้เล่นจะต้องทำการเดิมพันเงินเพื่อหมุนวงล้อ หากสัญลักษณ์ตรงตามเกณฑ์ที่กำหนดไว้ ผู้เล่นจะได้รับรางวัลตามตารางการจ่ายที่กำหนดไว้ล่วงหน้าเว็บสล็อต มั่นคง เป็นตัวเลือกแนวใหม่ ลงทุนง่ายยิ่งกว่า มาตรฐานเป็นแบบสากลทั้งหมด รวมเกมชั้นนำจากต่างประเทศ มาให้ชาวไทยได้เลือกเล่นแบบจุใจ ไม่ว่าคุณจะชื่นชอบเกมแนวไหน ก็มีโอกาสคว้าเงินรางวัลได้จริง เล่นได้พร้อมจ่ายให้เลย อยากได้เงินเสริมก้อนโตเข้าบัญชีเชิญทางนี้ สล็อตเว็บตรง100% เป็นช่องทางรายใหญ่ที่เชื่อถือได้ เป็นตัวตึงในวงการเกมสล็อต เล่นแล้วสร้างกำไรได้จัดเต็ม ที่สำคัญจ่ายเต็มทุกยอด ไม่มีหักค่าธรรมเนียมแม้แต่บาทเดียว ตัวเกมก็ไม่ต้องพูดถึงเลย เราจัดมาให้ครบทุกค่ายแน่นอน จัดใหญ่ทุกแนวเกม แถมโบนัสยังแตกหนักอลังการอีกด้วย อยากรวยต้องลอง เว็บสล็อต มั่นคง แจกโหดทุกเวลา อาจจะคว้า BIG WIN จนเปลี่ยนชีวิตให้กลายเป็นคนรวยได้จริง
Terima kasih atas wawasannya, saya akan mencoba tips ini. penerjemah bahasa
Sangat senang menemukan blog sebagus ini. harga hidrolik mobil
senang sekali mendapatkan ilmu baru TRP Roller Chains RS 35-1
I have added and shared your site to my social media accounts to send people back to your site because I am sure they will find it extremely helpful too. facehunter
Waow this is quite pleasant article, my sister love to read such type of post, I am going to tell her and bookmarking this webpage. Thanks facehunter
Garage floor coatings mrparticularmn05
Pertanyaan di akhir membuat saya merenung, bagus! jasa basmi rayap tangerang
I was impressed with the site that you created, so memotipasi many people to be more advanced, there also kunjugi me, as a comparison Scheidungsanwalt Hattingen
Our services are available in all cities of Minneapolis and its surroundings. We are having years of experience which enabled our customers and clients to trust our services. iris law perfume
Artikel yang sangat bagus, terima kasih atas informasinya. jasa penerjemah thailand
wow this good but ,I like your post and good pics may be any peoples not like because defrent mind all poeple , iris law perfume
I’m impressed, I must say. Very rarely do I come across a blog thats both informative and entertaining, and let me tell you, you ve hit the nail on the head. Your blog is important.. Steuerberatung
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. advisory services in ksa
QuickBooks errors can be frustrating and impact software productivity. One such issue, QuickBooks code error 2002, occurs when creating a new data file during payroll setup. Users might also face this error when trying to create a company file while using QuickBooks payroll.
Thanks for Nice and Informative Post. ทางเข้า 789betting This article is really contains lot more information about This Topic.
Our blog is a symphony of ideas, each post a harmonious note in the composition of knowledge. It is a delightful read that leaves me eagerly awaiting more. Kartar Tractor
Embark on your journey to buy Coq Inu (COQ) crypto coin coin with confidence using our comprehensive guide. Whether you’re a seasoned investor or new to the world of cryptocurrencies, our step-by-step instructions will navigate you through the process. Begin by selecting a reputable cryptocurrency exchange that supports Coq Inu. Set up an account, complete the necessary verification steps, and deposit funds. Locate Coq Inu on the exchange, review its trading pairs, and initiate your purchase. Our guide ensures you understand the process, from choosing the right exchange to securely storing your COQ tokens in a compatible wallet. Explore our guide today and make informed decisions as you venture into buying Coq Inu crypto coin.
A big thanks for your article!
If you are one of them who has no girlfriend experience, even if he hasn’t touched any girl in his entire life, or maybe they hesitate to interact with her then feel free to call us and book for you a reliable, young, teenage girl for your companionship. Jammu escort
Garage floor coatings mrparticularmn06
coba main di MGO777
Slot Tergacor Dagangjudi
main aja di MGO777
paling ga neko neko kalo main disini yang ada lucky neko MGO777
This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free. 物理補習
I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post. 物理補習
Garage floor coatings mrparticularmn07
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. infinix reviews
I wish more authors of this type of content would take the time you did to research and write so well. I am very impressed with your vision and insight. certified professional resume writers
Penjelasannya sangat mudah dipahami, terima kasih. jasa penerjemah rusia
Materi yang disajikan sangat lengkap dan padat. hidrolik cuci mobil harga
one thing that i like about the blog could be that the information is very helpful and keeps one informed on issues related to politics. 物理補習
Thankyou for this wondrous post, I am glad I observed this website on yahoo. villa interior design
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. resume experts
Woh I enjoy your articles , saved to favorites ! . tiktok volgers kopen goedkoop
Interestingly you write, I will address you’ll find exciting and interesting things on similar topics. Web Hosting
Awesome article! I want people to know just how good this information is in your article. It’s interesting, compelling content. Your views are much like my own concerning this subject. best logistics company in Lahore
I’ve read some good stuff here. Definitely worth bookmarking for revisiting. I surprise how much effort you put to create such a great informative website. best electronics in ksa
sultan33 slot agen situs game online yang bisa menghasilkan uang dengan mudah dengan cara memainkan beberapa game didalamnya , nikmati bonus yang lebih besar di setiap permainannya !