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
Informasinya sangat bermanfaat DURALINK Roller Chains RS 80-2
virtual credit card have emerged as a revolutionary financial tool, providing users with a secure and convenient way to make online transactions. These digital cards offer an added layer of protection by generating a unique set of credentials for each transaction, reducing the risk of unauthorized access and fraud.
Sangat informatif, saya suka dengan gaya penulisannya. gudang penerjemah bahasa jepang
Your post is very helpful to get some effective tips to reduce weight properly. You have shared various nice photos of the same. I would like to thank you for sharing these tips. Surely I will try this at home. Keep updating more simple tips like this. https://infopapapuaselatan.com/
For a long time me & my friend were searching for informative blogs, but now I am on the right place guys, you have made a room in my heart! https://bwomagz.com/
In fact your creative writing abilities has inspired me to start my own Blog Engine blog now. Really the blogging is spreading its wings rapidly. Your write up is a fine example of it https://infopapapuaselatan.com/
Excellent content, really informative. Viral Moments
This is my first time i visit here. I found such a substantial number of interesting stuff in your blog especially its examination. Really its inconceivable article. Keep it up. https://infopapapuaselatan.com/
At Assist, we specialize in expert guidance for a seamless 123 hp printer setup. Whether you’re a new user or troubleshooting an existing installation, our dedicated team ensures reliable support, configuring your printer for optimal performance. Choose Assist for efficient solutions and user-friendly assistance.
Thanks for the weblog full of such a lot of facts. Stopping via way of means of your weblog helped me to get what I become searching for. Now my undertaking has grow to be as smooth as ABC.
Website: Layarkaca21
Fantasy
Crime
Romance
Pada era sekarang, game PG SOFT secara online menjadi salah satu game terfavorit di Indonesia, bagi Anda yang menginginkan main game slot secara online, tentu harus memiliki akun terlebih dahulu sebelum main game slot secara online. Saat telah mengetahui situs terpercaya serta aman, langkah berikutnya yaitu melakukan pendaftaran pada situs game yang akan dipilih.informasi lebih jelas bisa kunjungin diwebsite kami https://pgplaysoft.com/
Terima kasih sudah berbagi informasi yang berharga. Genset Genpac Open / Silent Cummins 2500 kVA GC2500
“이것은 훌륭한 기사입니다. 많은 정보를 감안할 때 이러한 유형의 기사는 사용자의 웹 사이트에 대한 관심을 유지하고 계속해서 더 많은 정보를 공유합니다. 행운을 빕니다. 꽁머니
Thanks for sharing the info, keep up the good work going…. I really enjoyed exploring your site. good resource… ufabet369
🥨Slots are easy to break, make real profits and are very easy. Easy to apply, deposit-withdraw 24 hours.
918kiss
Man’s lives, such as uncontrolled huge amounts, definitely not while countries furthermore reefs, challenging to seismic disturbance upward perfect apply.
UK-PMP
The website is looking bit flashy and it catches the visitors eyes. Design is pretty simple and a good user friendly interface. best jewellery in ksa
https://www.yourvacationdmc.com/dmc-in-bali/
DmC Provide manys service to customerIt is an excellent location to learn about Balinese culture and is encircled by verdant rice terraces.
Informasinya sangat berguna, terima kasi Basmi Nyamuk
Thanks for sharing your expertise! Your blog has become an invaluable resource for me. preliminary protective order virginia
This iconic sea temple is located on a rock formation and is another popular spot for sunset views. It’s one of Bali’s most photographed locations.
https://www.yourvacationdmc.com/dmc-in-bali/
Wow, What a Excellent post. I really found this to much informatics. It is what i was searching for.I would like to suggest you that please keep sharing such type of info.Thanks Tamildhool
There are most of the person need Escorts in Gurgaon We make every effort to satisfy your demands and specifications. For quick trips into the city and as a travel assistance, the ladies area is conveniently located.
https://www.natelypitt.biz/
thanks for your post.
Home Tutions in Hyderabad for Part Time
To identify visitors to your website, utilize web analytics tools such as Google Analytics. Embed tracking codes on your site to gather data on user interactions. Review the analytics reports to discern visitor demographics, behavior, and traffic sources. This information helps refine your site and tailor it to the preferences of your audience.
How to find who visited my website
Please convey more topics with trending words. I am waiting by the way your working style is just superb.
Vanson Star Jacket
Thanks for the post and great tips..even I also think that hard work is the most important aspect of getting success.. UFABETฝากขั้นต่ำ
Hi I am so happy I found your blog, I truly found you unintentionally, while I was watching on google for something different, In any case I’m here now and could very much prefer to express thank for a huge post and an overall engaging site. Kindly keep up the extraordinary work. Dielen austauschen
This is really the sort of data I have been attempting to find. Much obliged to you for composing this data. Deutsche Wohn Investment
Thanks for posting this info. I just want to let you know that I just check out your site and I find it very interesting and informative. I can’t wait to read lots of your posts. best logistics company in Lahore
kilat777 slot
very interesting keep posting. ufa888
I appreciated your work very thanks ufazeed
appreciated 안전토토사이트
You re in purpose of actuality a without flaw website admin. The site stacking speed is astonishing. It sort of feels that you’re doing any unmistakable trap. Besides, The substance are perfect work of art. you have completed a fabulous movement regarding this matter 온라인카지노
Intelligent collision avoidance systems, suitable for all vehicles and mobile plant. Reducing driver distractions and saving lives. Safety Shield Global
fwerer you a quality meeting full of passion, caresses, and the best sex you will taste in your life. I assure you, you’ll be fascinated and you won’t regret contacting me. visit: Mumwergf.
feridun kunak detoks çayı nasıl kullanılır
Very good points you wrote here..Great stuff…I think you’ve made some truly interesting points.Keep up the good work. mini mikrowellen
okegern excellent post. I recently discovered your blog and have thoroughly enjoyed reading your posts. I’m looking for new posts to read in order to gain more valuable information. Thank you very much for the useful information.
Brain Monitower
penis pompası
Great post I would like to thank you for the efforts you have made in writing this interesting and knowledgeable article. ufa888
Situs Gacor Online Terbaik Di Indonesia Bitbola Dengan Permainan Terlengkap Seperti Judi Bola Slot Togel Online Terpercaya.
Great website! The content is well-organized, and the design is eye-catching. Kudos! Panen77
Elevate your Wavlink WiFi with our expert assistance at wifi.wavlink.com setup . Our support ensures a seamless, personalized setup experience, guiding you through optimal configuration for enhanced network performance. Connect confidently for a tailored and efficient WiFi setup.
Extremely decent blog and articles. I am realy extremely glad to visit your blog. Presently I am discovered which I really need. I check your blog regular and attempt to take in something from your blog. Much obliged to you and sitting tight for your new post 먹튀검증
A 401k is a valuable tool for building a nest egg, enabling you to contribute pre-tax or after-tax funds toward your retirement savings. 401kcalculator.uk
This web site really has all the information I wanted about this subject and didn’t know who to ask 바카라사이트
I’m glad I found this web site, I couldn’t find any knowledge on this matter prior to.Also operate a site and if you are ever interested in doing some visitor writing for me if possible feel free to let me know, im always look for people to check out my web site. Floor Scrubber Dryer Hire Newcastle
This website is very good and beneficial for investing.
เล่นslotking777
Great things you’ve always shared with us. Just keep writing this kind of posts.The time which was wasted in traveling for tuition now it can be used for studies.Thanks สล็อตเว็บตรงแตกง่าย
Thanks for sharing the post
Life insurance for seniors in Canada gives financial stability and peace of mind, guaranteeing that loved ones are cared for long after they retire.