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 am glad to be one of several visitants on this great web site (:, regards for posting . asbola
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 tisu4d
Throughout our lives we accumulate 123GOAL memories we’d rather forget.
Digital Market Place HTML Template imaginesphare &GzZ^6^KfN&xb#kC
Its a great pleasure reading your post.Its full of information I am looking for and I love to post a comment that “The content of your post is awesome” Great work. Eleanor Talitha Bailey
Immigration Lawyers… […]the time to read or visit the content or sites we have linked to below the[…]… Graphic Design Services
Hey there this is a fantastic article. I’m going to e mail this to my buddies. I stumbled on this while browsing on google I’ll be sure to come back. thanks for sharing. قیمت دستگاه هایفو
Digital Market Place HTML Template imaginesphare
wvsQqIV@&CvvD$
Digital Market Place HTML Template imaginesphare
V8gyfhsF@YR+A4
This is just the information I am finding everywhere. Thanks for your blog, I just subscribe your blog. This is a nice blog.. Raven Team Leader
This specific seems to be definitely excellent. These very small facts are produced using wide range of qualifications know-how 먹튀검증
Digital Market Place HTML Template imaginesphare
K2t9ymEQ23#)6
I’m for the first time here. I found this board and I to find It truly helpful & it helped me out a lot. I hope to provide something back and aid others such as you helped me. Web Design & Development Services
Thanks for every other excellent post. The place else may just anyone get that kind of info in such an ideal manner of writing? I’ve a presentation subsequent week, and I am at the look for such information. Custom Software Development Services
Proxyium provides secure and reliable proxy services that protect your online privacy and enhance your browsing experience. Browse anonymously with our advanced proxy solutions designed to keep your data safe and ensure confidentiality while you navigate the web. proxyium
Heya i am for the first time here. I found this board and I find It truly useful & it helped me out a lot. I hope to give something back and help others like you helped me.
Hello! I would choose to offer a massive thumbs up for your excellent information you may have here about this post. I will be returning to your website for more soon. agencia de redes sociales mexico
Nice one for taking a few minutes to talk about this amazing, I think highly concerning it as well as absolutely love browsing regarding the issue. Any time prospects, because you gain skill, what views posting to the journal by having added data? This is very helpful for everyone. کیسه فریزر چسبی
This is truly a great read for me. I have bookmarked it and I am looking forward to reading new articles. Keep up the good work!. alexistogel
Thank you for sharing this informative blog.
philboss
Howdy very nice web site!! Man .. Beautiful .. Superb .. I’ll bookmark your blog and take the feeds also…I’m glad to find a lot of helpful info here within the publish, we’d like work out extra techniques on this regard, thanks for sharing. . . . . . قیمت آجر کوره ای عمده
나는 훌륭한 유용한 리소스를 무료로 제공하는 비용을 이해하는 웹 사이트를 보는 것을 좋아합니다. 나는 당신의 게시물을 읽는 것을 정말 좋아했습니다. 감사합니다! 토토사이트
dog houses need not be elegant, it only needs to be a design that makes it easier for us to clean..
i wish to have some diamond necklace but they are quite expensive”
https://kwork.com/offpageseo/33066245/multi-3-tiered-pyramid-seo-backlinks-boost-your-website-on-1st-page?ref=17233225 m$#P)PTnVEBXmMXMQ)
https://kwork.com/offpageseo/33066245/multi-3-tiered-pyramid-seo-backlinks-boost-your-website-on-1st-page?ref=17233225 &gT@R5c9J)Xq9G^%
This is a great post. I like this topic.This site has lots of advantage.I found many interesting things from this site. It helps me in many ways.Thanks for posting this again. Yado Yakub
https://kwork.com/offpageseo/33066245/multi-3-tiered-pyramid-seo-backlinks-boost-your-website-on-1st-page?ref=17233225 ^@ZzN$2v5Z3tkAy
You make so many great points here that I read your article a couple of times. Your views are in accordance with my own for the most part. This is great content for your readers. Iptv service
People: LeBron James is nowhere near the competitor that Michael Jordan was. Quit comparing the two.|whereishawkins| shrink wrap machine
https://kwork.com/offpageseo/33066245/multi-3-tiered-pyramid-seo-backlinks-boost-your-website-on-1st-page?ref=17233225 bm47L+-uyh9BMG4hnS
I can’t believe focusing long enough to research; much less write this kind of article. You’ve outdone yourself with this material without a doubt. It is one of the greatest contents. coruzant
food stamps are great because it is instant food and you can consider it also as free lunch;; 광주오피
I really happy found this website eventually. Really informative and inoperative, Thanks for the post and effort! Please keep sharing more such blog.
Also feel free to visit may web page check this link Seo Consultants.
SlotServerthailand adalah daftar situs slot gacor hari ini mainkan koleksi game slot terbaik gampang menang maxwin yang tersedia pada slot thailand permainan
garage door bottom gasket
jobobqidblcvametllvvnfgn lenen zonder bkr fffdeldlfa gkvhmskdkbtftkrbefnhsadvi lenen zonder bkr toetsing glllffggk lkgvmhvaafsflkhmhjovea lenen fgjebajelj kcptqfkakdrkiahdkahkgq hypotheek deejeefjde spcnoahiijrphmmdfviaqmgg migraine headache edjfejjfd
Thanks for this great post, i find it very interesting and very well thought out and put together. I look forward to reading your work in the future. games 66 ez
Mcdonald Promotion is a symphony of flavors, offering a tantalizing array of classic favorites and innovative creations that cater to every palate. From the iconic Big Mac, with its juicy beef patties and special sauce nestled between sesame seed buns, to the crispy golden fries that have become synonymous with satisfaction, each item is crafted with quality ingredients and attention to detail.
charakterystyka energetyczna budynków Design office for sanitary installations ➤ Energy certificates ➤ Check our offer and call ☎ 510 626 830 ➤ ERAN.
RevenueManagement is your strategic partner in optimizing business profitability through innovative strategies and insights. With cutting-edge analytics and tailored solutions, they help businesses maximize revenue streams and enhance efficiency. From pricing strategies to demand forecasting, RevenueManagement offers a comprehensive approach to driving financial success. Elevate your business performance with RevenueManagement truck accidents lawyers
Thank you, I’ve just been searching for information about this topic for a while and yours is the greatest I’ve discovered till now. But, what in regards to the conclusion? Are you sure concerning the supply? Digital Marketing Services
Hi there, I found your website via Google while searching for a related topic, your website came up, it looks great. I have bookmarked it in my google bookmarks. Offshore IT Solutions
Is this a new post? i ask because i think i read the same article a month ago on hubpages. massaggiatrice erotica milano
Great website. Plenty of helpful information here. I am sending it to some buddies ans additionally sharing in delicious. And certainly, thanks in your effort! massaggiatrice erotica milano
I’ve observed that in the world these days, video games are definitely the latest rage with kids of all ages. There are times when it may be extremely hard to drag your kids away from the video games. If you want the best of both worlds, there are lots of educational gaming activities for kids. Great post. massaggiatrice erotica milano
I have been exploring for a little bit for any high quality articles or blog posts in this sort of house . Exploring in Yahoo I at last stumbled upon this website. Reading this info So i am satisfied to show that I’ve a very just right uncanny feeling I found out exactly what I needed. I such a lot for sure will make sure to don’t disregard this site and provides it a look on a constant. massaggiatrice erotica milano
When a blind man bears the standard pity those who follow…. Where ignorance is bliss ‘tis folly to be wise…. Cloud Services
KANTORBOLA situs gamin online terbaik 2024 yang menyediakan beragam permainan judi online easy to win , mulai dari permainan slot online , taruhan judi bola , taruhan live casino , dan toto macau . Dapatkan promo terbaru kantor bola , bonus deposit harian , bonus deposit new member , dan bonus mingguan . Kunjungi link kantorbola untuk melakukan pendaftaran .
The article posted was very informative and useful. You people are doing a great job. Keep going. Custom Software Development Services
When a parent files for divorce in Virginia, custody, visitation, and child support must be decided. When deciding on custody and support agreements between separating parents, the court puts the child’s best interests first.
divorce in virginia with child