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
Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon. Big thanks for the useful info login tridewi
I must say, as a lot as I enjoyed reading what you had to say, I couldnt help but lose interest after a while. Its as if you had a good grasp to the subject matter, but you forgot to include your readers. Perhaps you should think about this from far more than one angle. Or maybe you shouldnt generalise so considerably. Its better if you think about what others may have to say instead of just heading for a gut reaction to the subject. Think about adjusting your own thought process and giving others who may read this the benefit of the doubt. hay88
So, you have no reason to be worried about the previous problems that existed, such as account suspensions or difficulties comparable to those. GBWhatsApp APK
Much appreciated for sharing us about this update. Expectation you won’t get worn out on making posts as educational as this. link tridewi
I have read your blog it is very helpful for me. I want to say thanks to you. I have bookmark your site for future updates. Tridewi
I couldn’t find any knowledge on this matter prior to.Also operate a site and if you are ever interested in doing some.
butik otel
انغمس في عالم العطور الفاخرة واختر العطر الذي سيميزك ويضفي لمسة من الجمال والثقة إلى حياتك
اليومية اكتشف تجربة التسوق مع أكبر متجر عطور واترك العطور تروي قصة جمالك وأناقتك.
https://seenconsept.com/
This was a truly awesome challenge and ideally I can go to the following one. It was alot of fun and I truly had a ball.. kassandra boutique hotel
Thanks a lot for sharing us about this update. Hope you will not get tired on making posts as informative as this. login tridewi
Rental-ku.com adalah penyedia jasa Rental Mobil yang menawarkan pengalaman sewa kendaraan yang praktis dan efisien. Dengan armada mobil yang beragam, kami menyediakan solusi transportasi untuk berbagai keperluan, mulai dari perjalanan bisnis hingga liburan keluarga. Pelanggan kami dapat memilih dari berbagai jenis mobil, termasuk mobil ekonomi, SUV, dan kendaraan mewah, sesuai dengan kebutuhan dan preferensi mereka.
Keunggulan kami tidak hanya terletak pada pilihan kendaraan yang lengkap, tetapi juga pada proses pemesanan yang mudah dan transparan. Melalui situs web Rental-ku.com, pelanggan dapat dengan cepat menentukan jenis mobil, tanggal, dan lokasi pengambilan serta pengembalian. Kami juga menawarkan layanan pelanggan yang responsif untuk memastikan pengalaman menyewa mobil yang lancar.
Kami sangat memprioritaskan keamanan dan kenyamanan pelanggan kami. Oleh karena itu, setiap mobil dalam armada kami dijaga dengan baik dan dilengkapi dengan fitur keamanan modern. Selain itu, kami menyediakan opsi asuransi yang komprehensif untuk memberikan ketenangan pikiran kepada pelanggan selama masa sewa.
Rental-ku.com berkomitmen untuk memberikan layanan berkualitas tinggi dan membuat pengalaman pelanggan menjadi prioritas utama. Dengan tarif yang kompetitif dan fleksibilitas waktu sewa, kami siap memenuhi kebutuhan transportasi Anda dengan pelayanan yang ramah dan profesional. Percayakan perjalanan Anda kepada kami dan nikmati kenyamanan menyewa mobil yang tanpa repot di setiap perjalanan Anda.
Rentalku adalah jasa Rental Mobil terpercaya di Jabodetabek yang memiliki kredibilitas baik dan harga yang sangat menarik. Tidak salah jika anda ingin menyewa kendaraan disini.
Just admiring your work and wondering how you managed this blog so well. It’s so remarkable that I can’t afford to not go through this valuable information whenever I surf the internet! tridewi login
One of the key advantages of a personal loan is its versatility. Borrowers can use the funds for a wide range of purposes, including consolidating high-interest debt, covering unexpected medical expenses, making home improvements, or even funding a dream vacation.
https://www.fibe.in/personal-loan/
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. login tridewi
Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with more information? It is extremely helpful for me. plug and play pods
Great write-up, I am a big believer in commenting on blogs to inform the blog writers know that they’ve added something worthwhile to the world wide web!. login tridewi
This is cool post and i enjoy to read this post. your blog is fantastic and you have good staff in your blog. nice sharing keep it up. link tridewi
Wow this was amazing. I was just about to look for some expert and educative content like this, I am grateful that I have frequented here! login tridewi
I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thank you again ufa877
Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with more information? It is extremely helpful for me. plug and play pods
Actually I read it yesterday but I had some thoughts about it and today I wanted to read it again because it is very well written. niche-relevant
I cannot wait to dig deep and kickoff utilizing resources that I received from you. Your exuberance is refreshing. BrokenSilenze
i am for the first time here. I found this board and I in finding It truly helpful & it helped me out a lot. I hope to present something back and help others such as you helped me. Comfort Dental Weymouth, 47 Washington St, Weymouth, MA 02188, (781) 337-3300.
bless you with regard to the particular blog post ive really been looking with regard to this kind of advice on the net for sum time these days hence with thanks ufabet mobile
You really should get involved in a contest for starters of the finest blogs on the web. I will recommend this web site! hay88.bid
I think this is a better than average article. You make this data intriguing and locks in. You give perusers a considerable measure to consider and I welcome that sort of composing. fethiye otel
Thanks so much with this fantastic new web site. very fired up to show it to anyone. It makes me so satisfied your vast understanding and wisdom have a new channel for trying into the world. fethiye ölüdeniz otel
You made some decent points there. I looked online for the problem and found most individuals will go coupled with using your site. ufa877
This is a wonderful article, Given so much info in it, These type of articles keeps the users interest in the website, and keep on sharing more … good luck. fethiye ölüdeniz otel
bookmarking and checking back frequently!it people processing it really is another person’s renowned company, you will never in the world of the 55 and other lavishness brands supra to uncover which.. ölüdeniz otelleri
Mmm.. good to be here in your article or post, whatever, I think I should also work hard for my own website like I see some good and updated working in your site. fethiye ölüdeniz otel
Extremely intriguing online journal. A lot of web journals I see nowadays don’t generally give anything that I’m keen on, however I’m most definitely inspired by this one. Recently felt that I would post and let you know. boutique hotel
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.. Buy YouTube views cheaply
smartyk650″I stumbled upon this article and found it quite interesting. The diverse range of topics covered here is impressive. It’s always great to see different perspectives and learn something new. Also, if you’re looking for additional insights or expanding your knowledge, consider checking out maths tuition in singapore for various educational resources. Happy reading and learning, everyone!”
I am glad to locate your recognized method for composing the post. Presently you make it simple for me to comprehend and actualize the idea. Much obliged to you for the post. hotel fethiye turkey
A debt of gratitude is in order for an extremely intriguing online journal. What else may I get that sort of data written in such an ideal methodology? boutique hotel
I discovered your blog site internet site on the search engines and appearance a few of your early posts. Keep on the very good operate. I recently extra the Rss to my MSN News Reader. Looking for toward reading more by you at a later time!… klebefolie auf textil
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 ufabet เว็บตรงทางเข้า
https://medium.com/@navedahmednaved68/url-coomenting-a0badcb9206f
Navigating anxiety one breath at a time.
cara mengatasi kecemasan berlebihan
ewrm a loving, hot, and sensual woman. I am very passionate and sensual, and I have a playful appetite that will take you to the farthest limits of extreme pleasewrf.
enarcissa aserola çayı ne işe yarar
Awesome and interesting article. Great things you’ve always shared with us. Thanks. Just continue composing this kind of post. vinilos decorativos
Your website is really cool and this is a great inspiring article. latex shop
Hiya, I’m really glad I have found this info. Today bloggers publish only about gossips and web and this is really annoying. A good website with exciting content, that is what I need. Thanks for keeping this web-site, I will be visiting it. Do you do newsletters? Can not find it. nha cái hitclub
Thanks For sharing this Superb article.I use this Article to show my assignment in college.it is useful For me Great Work. UFABETทางเข้าเว็บหลัก
Thank you for providing such a beautiful content and Your blog provided some useful information.Keep on sharing more.your explanations was too good.Each of your stuff is so pleasurable and valuable.Keep on sharing more.reckless driving hanover va
Insightful analysis, offers deep understanding.
http://kaiyun-cc.com
Struggling with sleep? You’re not alone.
apa itu insomnia
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. how to get paint off grout
I have been surfing online more than three hours as of late, but I never found any attention-grabbing article like yours. It is pretty price enough for me. In my opinion, if all web owners and bloggers made excellent content material as you probably did, the web will be a lot more helpful than ever before. ufa877