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 really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thanks again! Verhuislift huren Amsterdam
kunjungi tempat portal berita hari ini
I’d constantly want to be update on new blog posts on this internet site , saved to favorites ! . Verhuislift Amsterdam
You have a gift for words I will give you that. If only I had the same gift Verhuislift Amsterdam
รถกระบะบรรทุกมีข้างเสริม
รถกระบะบรรทุก
you the information you are looking for.
한국야동
Tamildhool is my go-to destination for catching up on the latest Tamil TV shows and serials. I love how convenient it is to watch all my favorite programs in one place. Thanks to [Tamildhool](https://tamildhooltvs.com/), I never miss an episode of my beloved series. Check out their amazing collection!”
Tamildhool is my go-to destination for catching up on the latest Tamil TV shows and serials. I love how convenient it is to watch all my favorite programs in one place. Thanks to Tamildhool I never miss an episode of my beloved series. Check out their amazing collection
Your post is a masterpiece of intellect! It’s like discovering a mosaic of knowledge woven into the fabric of the internet.
philadelphia school district calendar
Artikel yang sangat menarik dan relevan dengan perkembangan terkini. Genset Genpac Open / Silent Mitsubishi 36 kVA GMI36
It’s appropriate time to make some plans for the future and it’s time to be happy. I have read this post and if I could I wish to suggest you some interesting things or tips. Maybe you could write next articles referring to this article. I wish to read more things about it! Member exclusive offers
Descubre la comodidad de comprar productos de marcas de calidad en Best Buy y recibirlos en Colombia sin complicaciones, gracias a nuestro servicio de casillero virtual especializado en envíos internacionales.
Comodidad Asegurada
BET2SLOT Merupakan situs online terpercaya yang sering memberikan maxwin tanpa pola khusus langsung maxwin
Sangat berharga, saya akan mengaplikasikan beberapa tips yang Anda bagikan. Genset Genpac Open / Silent Mitsubishi 30 kVA GMI30
I’ve been seeking for a blog of this nature for a very long time, and I can’t believe I finally found one. This
The blog demonstrates the author’s expertise.
Website Exit Survey Tools >
After reading this article. It contained a lot of useful information, and I also suggested that several of my
Friends read.
Website Exit Survey Tools >
Thank you for sharing! If you are looking for a game that cash out real money prizes, then check this one! https://megaswerte.site/
Thank you for sharing! If you are looking for a game that cash out real money prizes, then check this one!! https://megaswerte.site/
ومن أجل تلبية احتياجات المشتركين المميزين، تم إطلاق خدمة “اشتراك شاهد رياضه VIP “. تتيح لك هذه الخدمة الوصول إلى محتوى حصري ومميز، بما في ذلك تغطية خاصة للأحداث الكبرى والبطولات العالمية. بفضل “شاهد رياضة VIP”، يمكنك الاستمتاع بتجربة فريدة ومميزة تتجاوز توقعاتك.
Thank you for sharing excellent information. Your website is so cool. I am impressed by the info that you’ve on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. Camu-Camu Powder
We’ve created a 24kbet platform with you in mind, focusing on making it the premier choice nationwide.
jlbet
Explore the thrilling world of online gaming at jlbet.pro, your premier destination for exciting casino experiences. With a wide array of games ranging from classic favorites to cutting-edge innovations, jlbet.pro offers unparalleled excitement and rewards. Whether you’re a seasoned player or just starting your journey, immerse yourself in the ultimate online casino adventure at jlbet.pro.
this article is so informative! I never knew about the benefits of Slot Gacor
A Netgear Guest Network is a separate Wi-Fi network on a router, offering restricted access to guests while keeping the main network secure. It provides internet access without compromising personal data.
The author proposes interesting ideas for maximizing revenue in the French railway industry, such as variable pricing for different seating options and pop-up cinemas on overnight trains. It would be interesting to see data on how these ideas would impact customer satisfaction.
https://jamaicancoffeeclub.com/
من جانبها، تقدم تصاميم أكسل مجموعة متنوعة من القوالب والأدوات التي تسهل على المستخدمين إنشاء جداول بيانات احترافية ومنظمة، سواء في العمل أو الدراسة أو حتى في إدارة الأنشطة اليومية. فهي تعتبر أداة لا غنى عنها لكل من يتعامل مع البيانات ويرغب في تنظيمها بشكل فعال وجذاب.
I was surfing net and fortunately came across this site and found very interesting stuff here. Its really fun to read. I enjoyed a lot. Thanks for sharing this wonderful information 보증놀이터
BET2SLOT Merupakan situs slot online terpercaya yang sering memberikan maxwin, tanpa pola khusus langsung maxwin
Thank you, really a very good blog with very useful information. For those of you who want to look for entertainment games to find new sensations and experiences. You can also visit the following website. https://car8less.com/
Great post, and great website. Thanks for the information! best consultancy in dubai
Excellent work of yours. Thanks for sharing! https://zghxmy.com/
Thank you for this one. If you are looking for a game that is giving out real money? try this out. https://megaswerte.site/
Good Job! Great to see amazing work. Continue doing work like this.
mini solis tractors
Thank you for this information, try this game to win real money! https://megaswerte.site/
I appreciated your work very thanks 사설토토
Once again I found a very good and very useful blog, a blog that is suitable to read and know and I am very entertained. Here I also suggest a very good game, when playing you will feel an extraordinary enjoyable sensation. For more complete information, you can visit the website.
I like the valuable info in your articles. I’ll bookmark your blog and check again here regularly. I’ll learn plenty of new stuff right here! Best of luck for the next! Regards buy osrs gold
Slot gacor
termasuk portal unggulan yang menghadirkan daftar 13 situs slot gacor online terpercaya di Indonesia. Dikenal sebagai yang nomor satu, Liga ciputra memastikan player merasakan pengalaman bermain yang aman dan adil. Situs-situs yang terdaftar menyuguhkan beragam mesin slot berkualitas tinggi yang sering memberikan kemenangan besar.
Debt collection in Abu Dhabi adheres to the legal framework established by the United Arab Emirates (UAE). Agencies operating in the capital city specialize in recovering overdue debts while complying with local regulations and cultural sensitivities. They employ diverse strategies, from amicable negotiation to legal action, to ensure successful debt recovery for creditors. Understanding the unique dynamics of Abu Dhabi’s business environment and legal system is essential for effective debt collection. These agencies prioritize maintaining professional integrity and fair treatment of debtors while assisting creditors in resolving financial matters efficiently and ethically within the Emirate.
Great post however , I was wanting to know if you could write a litte more on this subject? I’d be very thankful if you could elaborate a little bit further. Bless you! klaviyo Phising.
eu9 indo
Eu9 adalah situs platform games slot online terpercaya di Indonesia, kalian bisa main berbagai jenis permainan hiburan digital dengan bonus besar disini.
United Arab Emirates (UAE). Agencies operating in the capital city specialize in recovering overdue debts while complying with local regulations and cultural sensitivities. They employ diverse strategies, from amicable negotiation to legal action, Phising.
Discover Stardom Jackets – where style meets quality in every stitch.
Our collection, from sleek leather to cozy winter coats,
offers sophistication and durability. Step into Antonio Pierce Raiders Jacket with premium quality stuff.
United Arab Emirates (UAE). Agencies operating in the capital city specialize in recovering overdue debts while complying with local regulations and cultural… Phising
이는 전문적인 영역에서 이뤄지기 때문에 공유하기가 불가능합니다.
카지노사이트
The discussion of recent advancements, such as the introduction of high-speed trains and investment in infrastructure upgrades, underscores France’s commitment to maintaining its position as a leader in rail transportation.
Looking for legal guidance to navigate franchise agreements in Chesapeake? Don’t get caught in legal complexities alone. Franchise agreements can be daunting without expert help. Our franchise lawyer chesapeake offer expert guidance to protect your interests. Contact us now for peace of mind.
I can’t appear to locate your contact us page, I really think you need to make your website layout more straightforward to navigate via. who else agrees? slot777
The Shapoorji Pallonji is India’s Top Real Estate Developer. It has been instrumental in the construction of Residential, commercial and township projects across India.
The Vajram Group is India’s Top Real Estate Developer. It has been instrumental in the construction of Residential, commercial and township projects across India.
Hi, i think that i saw you visited my web site so i came to “return the favor”.I am trying to find things to enhance my web site!I suppose its ok to use some of your ideas!! slot gacor