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
Thanks for sharing this helpful information! It’s quite an interesting topic. Waiting for your next excellent update.philboss
Nice article! Thanks for sharing this informative post. Keep posting! .philboss
It’s really a cool and useful piece of info. I am glad that you just shared this useful info with us. Please stay us informed like this. Thanks for sharing.
https://www.modeltonight.com/
Thanks for sharing us. Sugar Defender
Info sehat
Ayusehat.com adalah portal media yang didirikan pada tahun 2024 dengan tujuan untuk menyediakan informasi terkini dan akurat kepada masyarakat Indonesia. Kami berkomitmen untuk menghadirkan artikel berita dan informasi kesehatan yang objektif, berimbang, dan terdepan dari berbagai sumber terpercaya.
Excellent article. Very interesting to read. I really love to read such a nice article. Thanks! keep rocking. Sugar Defender
I found your this post while searching for some related information on blog search…Its a good post..keep posting and update the information. Puravive
I found that site very usefull and this survey is very cirious, I ‘ ve never seen a blog that demand a survey for this actions, very curious… Puravive
I found your this post while searching for some related information on blog search…Its a good post..keep posting and update the information. Boostaro
I found that site very usefull and this survey is very cirious, I ‘ ve never seen a blog that demand a survey for this actions, very curious… Boostaro
Ammar Zoni is ready to take legal action
Ammar Zoni, through his attorney, Jon Mathias, stated that he was ready to take legal action regarding the issue that the actor was unable to pay child support. “If this news drags on in the media, such as justifying Ammar’s inability to pay his living expenses, of course there will be firm legal steps from us next,” said Jon Mathias to media crew recently. Don’t miss out on information, visit our website. https://sites.google.com/view/168news/infotainment
Harness the power of Dedicated Server India for seamless scalability and unparalleled control over your hosting environment. dedicated server india
تعدّ إدارة موارد بشرية برنامجاً فريداً من نوعه يُعتبر عموداً أساسياً لنجاح أي منظمة. إنّها تعبير عن الذلّة والاحترام الذي يتمتع به هذا الجانب الحيوي من الأعمال.
“This is your life, and it’s ending one minute at a time.” blogamca
Advantage by continually premium substances – you will see that individual for: 918kiss Slot Games Australia
I love your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz answer back as I’m looking to create my own blog and would like to know where u got this from. thanks cam to cam
Liverpool Hospitality
بيع وشراء الاثاث المستعمل بجدة يمثل نشاطاً اقتصادياً حيوياً يلبي احتياجات الكثير من الأشخاص الباحثين عن طرق ميسرة واقتصادية لتجديد منازلهم أو مكاتبهم دون اللجوء إلى الشراء الجديد.
I understand this isn’t always exactly on problem depend, however i run an internet internet web page using the equal platform as nicely and that i’m having problems with my remarks showing. Will there be a placing i’m losing? In all hazard you may help me out? Thx. sportswear egypt
Nice Blog! The information you have provided is incredibly detailed and insightful. philboss
What an exquisite article! Your post is beneficial right now. Thank you for sharing this informative one. philboss
I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article. Fitspresso
Furthermore, the introduction of Networkustad
could foster greater collaboration and partnership opportunities between businesses, advertising agencies, and technology providers in the UK. Through strategic alliances and shared expertise, stakeholders can collectively harness the power of Gemini to drive growth and innovation across industries.
Thank you very much for the sharing! COOL.. itupoker
Your website is really cool and this is a great inspiring article. Thank you so much. jwinqq
Appreciate it for this terrific post, I am glad I discovered this web site on yahoo. cheap assignment help
Setuju, ini hal yang sering terlupakan. TRP Roller Chains RS 50-2
Thanks a lot for taking a few minutes to line all of this out for people like us. This kind of article ended up being extremely helpful to me. cheap assignment writing service
Menarik sekali, saya suka pendekatannya. TRP Roller Chains RS 140-2
Optimaliseer je website met effectieve meta-beschrijvingen voor betere SEO rankings in Enkhuizen en regio West-Friesland. Httpmarketing biedt tools en analyses om de meest relevante zoekwoorden te vinden en te gebruiken. Gebruik de Meta Tag Builder om automatisch geoptimaliseerde metabeschrijvingen te genereren op basis van je inhoud. Verhoog je zichtbaarheid en ranking in zoekmachines zoals Google en Bing met Httpmarketing. Ontdek de kracht van meta-beschrijvingen en verbeter je SEO-resultaten. Word een succesvolle ondernemer in Enkhuizen met de tools van Httpmarketing! Wholesale TheCustom Boxes in California
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. Fitspresso
A very awesome blog post. We are really grateful for your blog post. You will find a lot of approaches after visiting your post. Fitspresso
Undeniably believe that which you said. Your favorite justification seemed to be on the internet the easiest thing to be aware of. I say to you, I definitely get annoyed while people consider worries that they plainly don’t know about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks OEM Fashion Garments Manufacturer
Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your site? My blog is in the exact same area of interest as yours and my visitors would truly benefit from some of the information you provide here. Please let me know if this ok with you. Thanks! 온라인카지노
The lifting gear chose for each assignment ought to be areas of strength for enough, and fitting for the expected activity. Moreover, the heap and anything connected to it, for example; wood beds, lifting focuses, and so on, ought to be in every way pertinent. Curso Plataforma de Trabalho Aéreo NR18 PEMT
TONIC GREENS TONIC GREENS – (( HING ALERT!! )) Tonic Greens Review – Tonic Greens Reviews – Tonic Greens Support
I have viewed that smart real estate agents all over the place are getting set to FSBO Marketing. They are noticing that it’s in addition to placing a sign in the front place. It’s really in relation to building associations with these dealers who sooner or later will become consumers. So, once you give your time and effort to helping these traders go it alone — the “Law regarding Reciprocity” kicks in. Thanks for your blog post. flix iptv
Beyond the beauty of our furniture lies a deeper ethos of sustainability and ethical sourcing. We take pride in supporting local suppliers and craftsmen, thereby contributing to the preservation of Pakistan’s rich cultural heritage. By choosing Roco Interiors, customers not only bring exquisite craftsmanship into their homes but also support the continued flourishing of traditional artistry in Multan and beyond.
DentiCore
Discover an innovative, oral supplement DentiCore meticulously crafted to enhance your dental wellness. Formulated with precision, DentiCore ensures your gums and tooth tissues receive essential oxygenation, fostering nourishment and vitality. Picture yourself with resilient gums, free from discomfort. But there’s more – DentiCore takes it a step further by purging your airways of detrimental bacteria, thwarting potential oral harm at its core. Experience a rejuvenated, clean sensation in your mouth with DentiCore. Bid farewell to gum woes and embrace a confident smile. Explore DentiCore’s benefits and secure your supply today on the official website. Say hello to optimal oral health with DentiCore.
Discover an innovative, oral supplement DentiCore meticulously crafted to enhance your dental wellness. Formulated with precision, DentiCore ensures your gums and tooth tissues receive essential oxygenation, fostering nourishment and vitality. Picture yourself with resilient gums, free from discomfort. But there’s more – DentiCore takes it a step further by purging your airways of detrimental bacteria, thwarting potential oral harm at its core. Experience a rejuvenated, clean sensation in your mouth with DentiCore. Bid farewell to gum woes and embrace a confident smile. Explore DentiCore’s benefits and secure your supply today on the official website. Say hello to optimal oral health with DentiCore.
https://danticore-denticore.com
Can I just say what a reduction to find somebody who really is aware of what theyre speaking about on the internet. You undoubtedly know learn how to bring a problem to gentle and make it important. More people have to learn this and perceive this aspect of the story. I cant believe youre not more in style since you positively have the gift. pin up
Sumatra Slim Belly Tonic positions itself as an innovative solution for individuals aiming to achieve their weight loss goals. The product asserts that its unique blend of ingredients works synergistically to promote fat burning, boost metabolism, and support overall well-being.
https://sumatraslimbellytonicc-us.com
Introducing Sumatra Slim Belly Tonic, the revolutionary new formula set to transform the realm of weight loss! Crafted from all-natural ingredients, this tonic is designed to help eradicate surplus body fat while delivering enduring outcomes.
https://sumatraslimbellytonicc-us.com
mawartoto truly stands out with its groundbreaking innovations in predicting lottery numbers and offering the most user-friendly online slot RTPs. Their ability to provide reliable hints and winning patterns for today’s draws is simply remarkable! All accessible under one account, this platform is both excellent and captivating.
It was a very good post indeed. I thoroughly enjoyed reading it in my lunch time. Will surely come and visit this blog more often. Thanks for sharing. 9anime
kantorbola adalah situs slot gacor Terbaik di Indonesia, kunjungi situs RTP kantor bola untuk mendapatkan informasi akurat slot dengan RTP diatas 95 yang sedang gacor hari ini RTP slot kantor bola juga menyediakan pola slot gacor terbaik yang bisa kamu ikuti untuk mendapatkan maxwin setiap hari.
Flash delivery typically refers to a very fast delivery service and mostly used in Washington and Idaho states
I located your own entry intriguing do I’ve additional the Trackback into it on my website ?–?– iptv france
In Hill Climb Racing MOD APK, you can use premium cars to play across different tournaments for free.
In Hill Climb Racing MOD APK, you can use premium cars to play across different tournaments for free.