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 the information. zebre perde,
Thanks for sharing the information. stor perde,
Thanks for sharing the information. jaluzi perde,
This sort of message continually moving and I like to peruse quality substance, so upbeat to discover great spot to numerous here in the post, the composition is simply awesome, a debt of gratitude is in order for the post. daily horoscope
Appraisal assert who that is the an ideal put up from a amazing someone, so i am pleased to check out this unique. exchange perfectmoney
Thanks for sharing the information. pilise perde,
It is in point of fact a nice and useful piece of information. I am glad that you just shared this useful info with us. Please keep us up to date like this. Thank you for sharing. 효성cms
Thanks for sharing the information. fon Perde,
Drake Merchandise Shop offers premium items such as hoodies, t-shirts, sweatshirts, and CLB products, all shipped quickly and free worldwide.
https://drakemerchandise.shop/
I also didn’t care for the over-the-top “final mission” where this particular platoon, led by the initially realistic but ultimately too heroic Aaron Cleftjaw, manages to locate (spoiler) and destroy the inevitable mothership. wabi sabi wall art
This internet site is my breathing in, very good style and perfect content material . wabi sabi wall art
Wonderful blog! I found it while browsing on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Cheers Pastiwin138
helpful data on points that bounty are intrigued on for this magnificent post.Admiring the time and exertion you put into your b!.. daily horoscope
Spring Airlines CHQ Terminal is a vibrant hub located at Chongqing Jiangbei International Airport. Known for its efficient service, modern facilities, and traveler-friendly amenities, the terminal offers a seamless travel experience. It caters to both domestic and international flights, ensuring comfort and convenience for passengers.
You can only find entertainment games that can also be used as a place to make money in this game,
By playing this extraordinary and very profitable online game, maybe you can visit the website https://metaterbaru.com/
This blog post perfectly captures the challenges of today’s hectic life. It’s a gentle reminder that while we chase our dreams, we shouldn’t neglect self-care and meaningful relationships. The author’s advice on mindfulness and living with intention is both relevant and timeless. It encourages us to slow down and savor the moments that truly matter. Do US citizens need a visa for Mexico? No, US citizens do not need an eVisa to enter Mexico for tourism or business purposes. They can stay for up to 180 days with a valid passport. However, they must complete a Forma Migratoria Múltiple (FMM), a tourist card, online. This card must be retained and presented upon departure. For other purposes like work or study, a specific evisa is required.
Impressive web site, Distinguished feedback that I can tackle. Im moving forward and may apply to my current job as a pet sitter, which is very enjoyable, but I need to additional expand. Regards. naga3388 alternatif
“Fantastic coverage as always! The in-depth analysis and up-to-the-minute reporting on today’s world news truly set this site apart from the rest. Keep up the excellent work!”
لعب اطفال
Review and Reinforce:
In the final weeks leading up to the exam, focus on reviewing key concepts and reinforcing your understanding of critical topics. Use summary notes, flashcards, or mind maps to condense information and make it easier to recall. Consistent review ensures that the information stays fresh in your mind and reduces the risk of forgetting crucial details.
Click here more info >>>>>>>>> https://dumpsarena.com/microsoft-dumps/pl-400/
Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! By the way, how could we communicate? Barber Salon Furniture
Melaka, also known as Malacca, is a historic city in Malaysia renowned for its rich cultural heritage and historical significance. Staying in a homestay in Melaka offers visitors an immersive experience, blending traditional Malay hospitality with the charm of historical architecture. Homestays in Melaka are perfect for travelers seeking an authentic cultural experience while exploring the city’s UNESCO World Heritage sites, vibrant markets, and delectable cuisine.
anugerahhomestay
“I really appreciate this post. I’ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thank you again!
” 카지노 사이트
Great job on this blog post! The way you present information is both informative and enjoyable to read. Keep up the excellent work!” Rummy game development services
Revenue Management in Action exemplifies strategic pricing and inventory control to optimize profitability across industries. From dynamic pricing algorithms in hospitality to demand forecasting in retail, these practices drive revenue growth and operational efficiency. Experience seamless execution of revenue strategies with a reliable black car service. Whether attending a crucial business meeting or exploring new markets, prioritize efficiency and comfort. Navigate competitive landscapes with confidence, leveraging data-driven insights and industry expertise. Revenue Management in Action underscores the importance of precision and adaptability, ensuring businesses thrive in dynamic markets while enjoying the convenience of premium transportation solutions.
Ones text messages in this theme usually are accurate, observe how When i had written this site is very top notch. bitcoin exchange
Wow, What an Outstanding post. I found this too much informatics. It is what I was seeking for. I would like to recommend you that please keep sharing such type of info.If possible, Thanks. tellcharleys.boats
“I love reading an article that can make people think.
Also, thank you for allowing me to comment!” 온라인카지노
It is actually very good, on the other hand measure the advice with this accurate. bitcoin exchange
At Structured Biiz, we specialize in empowering solo entrepreneurs through expert One Person Company Services. Our offerings include seamless OPC formation, compliance management, and strategic advisory to support your business journey. From initial consultation to ongoing support, our team ensures that your OPC operates smoothly and efficiently. We simplify complex regulatory requirements, allowing you to focus on core business activities and expansion plans. Choose StructuredBiiz for reliable, proactive assistance that elevates your OPC’s operational framework and fosters sustainable growth. Partner with us and unlock the full potential of your solo venture.
“Appreciating the dedication you put into your blog and detailed information you provide.
It’s awesome to come across a blog every once in a
while that isn’t the same old rehashed material. Fantastic read!” 가품슬롯
Slot games with foreign servers are very exciting, when you play you will definitely feel an extraordinary sensation, not only that, you will also definitely get a fantastic jackpot prize, for further information please visit this website https://mihanscript.com/
This is very informative blog, thanks for sharing us such information.
Check out our website for services. https://pioneerengineers.in/
Welcome to Specs Ray, your premier best frames store in Sector 75 Noida! Discover a stunning range of stylish and high-quality sunglasses that perfectly blend fashion with function. Our curated collection features the latest designs from top brands, ensuring you find the perfect pair to suit your style and protect your eyes. Whether you need polarized lenses for outdoor adventures or trendy frames for everyday wear, Specs Ray has you covered. Our knowledgeable staff is here to help you choose the best sunglasses to match your needs. Visit us today and experience the ultimate in eyewear shopping!
“95VN là một trong những nền tảng cá cược hàng đầu tại thị trường trực tuyến Việt Nam, nổi bật với các dịch vụ cá cược chất lượng và đáng tin cậy. Ngoài ra, 95VN thường xuyên tổ chức các chương trình ưu đãi và khuyến mãi hấp dẫn cho người chơi, bao gồm cả các sự kiện đặc biệt diễn ra hàng ngày, trong tháng và cả năm. Điều này giúp người chơi có cơ hội nhận được nhiều phần thưởng và lợi ích hấp dẫn khi tham gia vào trải nghiệm cá cược tại 95VN.
Website: https://95vn.info/“
Aizn Developers truly stands out as one of the best real estate developers in Dubai Their commitment to excellence and deep understanding of the UAE market are unparalleled. From luxurious villas to prime commercial spaces, Aizn Developers offers a diverse portfolio that caters to every investor’s needs. Their professionalism and dedication make them a trusted partner for anyone looking to invest in Dubai’s thriving real estate sector.
Benefit generally primary excellent objects — it is possible to know all those meals in: Exchange Platform
Really instructive and superb structure of articles, now that’s user friendly (:. helicopter booking vaishno devi
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.
릴게임
planet4d
The post is written in very a good manner and it contains many useful information for me.
바다이야기
The post is written in very a good manner and it contains many useful information for me.
바다이야기
I want you to thank for your time of this wonderful read!!! I definately enjoy every little bit of it and I have you bookmarked to check out new stuff of your blog a must read blog! 먹튀사이트 검증
When i propose to her purely top notch in conjunction with dependable facts, thus see the item: Swapgate
When i propose to her purely top notch in conjunction with dependable facts, thus see the item: Swapgate
해설자의 열정이 느껴지는 방송이었어요. http://www.song25.com
Thank you for helping people get the information they need. Great stuff as usual. Keep up the great work!!! asialive88
I love blogging and i can say that you also love blogging. 토토사이트 추천
i am for the first time here. I found this board and I in finding It truly helpful & it helped me out a lot. I hope to present something back and help others such as you helped me. heb-comsurvey.boats
am really enjoying reading your well written articles. It looks like you spend a lot of effort and time on your blog. I have bookmarked it and I am looking forward to reading new articles. Keep up the good work 먹튀사이트 검증