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 believe one of your adverts triggered my internet browser to resize, you might want to put that on your blacklist. bespoke stand design
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. 김천출장안마
Can I simply say that of a relief to seek out a person that in fact knows what theyre talking about on the web. You actually know how to bring an issue to light to make it important. Lots more people must check out this and see why side of the story. I cant think youre less popular simply because you certainly develop the gift. emezgarazs
I discovered your blog site internet site on the search engines and appearance some of your early posts. Always maintain within the excellent operate. I recently additional increase your Feed to my MSN News Reader. Seeking forward to reading much more on your part down the road!… apartamenty na sprzedaz szklarska poreba
This could be the proper blog for anybody who wants to check out this topic. You know a lot its practically not easy to argue to you (not that When i would want…HaHa). You certainly put a new spin on a topic thats been discussed for some time. Fantastic stuff, just wonderful! Arena construction
It’s nearly impossible to find knowledgeable individuals with this topic, however, you be understood as guess what happens you’re talking about! Thanks rekrutacja it
Finding NLP Impact Life Coach in Dubai has been a game-changer for me! Their personalized approach and effective NLP techniques have helped me achieve breakthroughs and clarity in both my personal and professional life. Highly recommend. I highly recommend Impact Life Coach NLP in Dubai for anyone seeking transformation and personal growth. Their expertise and guidance have truly made a positive impact on my life
If you want to look young go to Visit Glo Haus Australia. We can assure you will look young.
I’m so glad I found this blog. This article is exactly what I needed. Thank you! https://uapdailynews.com/how-do-you-get-a-construction-license/
i read your article its good for humanity thanks for sharing this its very informative 대구의밤
What a splendid and thoughtful insight!.
Are you looking for excitement?
Dive into the world of excitement and win BIGGER prizes with so much game selection to choose from. Experience the thrill of online gaming by clicking the link below.
fb777live
slot terbaru
IBLBET : Situs Slot Gacor Hari ini Dengan Minimal Deposit 5 RB Dan Jaminan Kemenangan Mencapai 99% Untuk Semua Member Setianya
A very fascinating slot game with interesting themes. This game is very popular and can provide fantastic wins https://14iz.com/
Wow, cool post. I’d like to write like this too,- “Renting a villa in Goa was the best decision we made for our vacation.” Rent Villa in Goa
Amazing knowledge and I like to share this kind of information with my friends and hope they like it they why I do. 대밤
This is somewhat of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get guidance from someone with experience. Any help would be greatly appreciated! acim lesson 1
This is the proper weblog for everyone who wishes to find out about this topic. You already know a lot its virtually difficult to argue with you (not that I just would want…HaHa). You certainly put a fresh spin with a topic thats been discussing for many years. Excellent stuff, just fantastic! turkey visa eligibility filipino citizens
Excellent information! I recently leaped directly into your internet site and have absolutely already been evaluating blended. Once i thought We might get off the principal feelings. Once i don’t actually know very well what to cover in addition to i contain. Walentina Doronina
The when I just read a blog, I’m hoping that this doesnt disappoint me approximately this one. Get real, Yes, it was my method to read, but When i thought youd have something interesting to state. All I hear is a number of whining about something that you could fix should you werent too busy trying to find attention. acim lesson 1
Excellent information! I recently leaped directly into your internet site and have absolutely already been evaluating blended. Once i thought We might get off the principal feelings. Once i don’t actually know very well what to cover in addition to i contain. Walentina Doronina
Excellent information! I recently leaped directly into your internet site and have absolutely already been evaluating blended. Once i thought We might get off the principal feelings. Once i don’t actually know very well what to cover in addition to i contain. Walentina Doronina
Your article is exceptionally informative and rich in valuable resources. Please continue sharing content like this. Read more…
The blog post provides a comprehensive analysis of the railway industry in France, highlighting its historical significance and contemporary challenges. For <car buyers in Hobart, understanding the efficiency and environmental benefits of a robust railway system can inspire local advocacy for improved public transportation options. Integrating these insights could potentially reduce reliance on cars and promote sustainable urban mobility.
You actually make it look so easy with your performance but I find this matter to be actually something which I think I would never comprehend. It seems too complicated and extremely broad for me. I’m looking forward for your next post, I’ll try to get the hang of it! 대밤
Online slot games are interesting and entertaining games. With various interesting themes and features offered, online slot games can be the right choice for those who like to play online games, for further information please visit this website https://supercsf.com/
Very good information and also very easy to understand. Therefore, if you want to know more information, you can visit our website
https://bosolislothebat.blog/
thanks for this information about railways industry
BSEtec is a leading blockchain development company and web3 services we help startups, firms, and enterprises build more automated, transparent, and effective versions of their businesses with our wide variety of blockchain development services.
Our powerful Learning Management Software enables you to create a feature-packed eLearning website that’s easy to use and navigate. In short, our Udemy Clone Script, Expert plus LMS, is the perfect ready-made solution to quickly launch your eLearning platform without having to build from scratch.
Private Jet to Miami with Global Charter for unforgettable moments.
Incredibly insightful content!
Join the adventure today by registering for our online game and unlock exclusive rewards and thrilling challenges! Don’t miss out on the excitement—sign up now and become part of our growing community of gamers.fb777live
Interesting and amazing how your post is! It Is Useful and helpful for me That I like it very much, and I am looking forward to Hearing from your next.. https://techyinfo.org/
https://shop.gazone.com.ua/
An fascinating discussion is value comment. I think that it is best to write extra on this matter, it won’t be a taboo topic however generally people are not enough to talk on such topics. To the next. Cheers
1win промокод
YOOOK MAIN YOOOK….SITUS SLOT TERGACOR PASTI MAXWIN, PALING TERPERCAYA, DAN NOMOR 1 DI INDONESIA ALPHASLOT88
Committing money to assets with growth potential. Investment
Experience seamless travel from San Diego to Temecula with our professional car service. Our chauffeurs provide a comfortable and reliable journey, perfect for winery tours, events, or leisure trips. Enjoy the scenic route in our luxurious vehicles. Book your San Diego to Temecula car service today for a memorable trip!
https://avantlimo.com/
A very exciting game and also very easy to win. Therefore, if you want to try it, please visit the website
https://kaumjp.org/
I recently stumbled upon The Frisky and I must say, it’s an absolute treasure trove of interesting and insightful content! The articles are well-researched and cover a wide range of topics that cater to diverse interests. Whether you’re looking for the latest trends, health tips, or lifestyle hacks, The Frisky has it all. Kudos to the team for creating such a vibrant and engaging platform. Keep up the fantastic work!
Great info! I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have.
야마토게임
I recently stumbled upon The Frisky and I must say, it’s an absolute treasure trove of interesting and insightful content! The articles are well-researched and cover a wide range of topics that cater to diverse interests. Whether you’re looking for the latest trends, health tips, or lifestyle hacks, The Frisky has it all. Kudos to the team for creating such a vibrant and engaging platform. Keep up the fantastic work!
The post is written in very a good manner and it contains many useful information for me.
바다이야기
Discover top-tier Electric Furnace Repair Service in Chicago IL with HVAC GC. Our expert technicians specialize in prompt diagnostics and efficient repairs, ensuring your home stays warm and comfortable year-round. Trust HVAC GC for reliable, professional service that prioritizes your comfort and satisfaction.
I recently stumbled upon The Frisky and I must say, it’s an absolute treasure trove of interesting and insightful content! The articles are well-researched and cover a wide range of topics that cater to diverse interests. Whether you’re looking for the latest trends, health tips, or lifestyle hacks, The Frisky has it all. Kudos to the team for creating such a vibrant and engaging platform.
The blog and data is excellent and informative as well Battery discharger:
Channeling funds into ventures for expected profit. Investment
i think this site very good https://super138.dev
My own enterprise is normally doing a search online designed for storys which could offer every person. There could be absolutely some type of several to discover using this. My partner and i locate me personally folks made many salubrious information together with Features furthermore. Detain topsy-turvy, outstanding vocation! Walentina Doronina
Emotional Intelligence: The ability to recognize, understand, and manage our own emotions and the emotions of others. Intelligence
When I originally commented I clicked the -Notify me when new comments are added- checkbox now if a comment is added I get four emails concentrating on the same comment. Will there be any way you may remove me from that service? Thanks! أهلية تأشيرة الهند