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.
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
This blog is really great. The information here will surely be of some help to me. Thanks!. rajabandot
Your writing style is engaging and accessible, making complex concepts easy to understand.
Kubet
GAMBLING777PH-Play and Get Free P999 Bonus.Play Now!
A8JILI| Legit Free ₱999 bonus + 12,000 in Win Deals!Join a vibrant world of entertainment—where every bet adds to the excitement.
GPINAS6-Claim ₱999 Free Bonus Daily| Register & Play Now!
QOQO666-Enjoy ₱999 Free Bonus & Play Top Games Today!
briansclub http://briiansclub.to/login
A9JL– Enjoy ₱3000+999 Free Bonus Register Now!
click andplay
MAX2WIN–Legit 12,000 + Free ₱999 Deposit Bonus| Play Now!
FUNBINGO777| Get Free P999 bonus +100 everyday. Play now!
DYGOWIN- Ready to receive Free ₱999 BONUS. Play now!
MAX2WINPH Get your Free P999 Bonus Play and Register now!
PKJILI11| Get Free P999 bonus +100 everyday. Play now!
JL168 WIN| Get Free P999 bonus +100 everyday. Play now!
PH3333- Ready to receive Free ₱999 BONUS. Play now!
PH3333 Login- Ready to receive Free ₱999 BONUS. Play now!
MAX2WINPH-Unlimited Free P888 Bonus Play and Register now!
4PHJL COM- Play and Get Free ₱999 Bonus. Register Now!
PLAYTOK CASINO-Claim Free Bonus ₱999 +12,000 Win Price!
Your site is great.토토사이트 추천
This is a very good blog. My blog is about esports.
롤베팅
The challenges in the French railway industry show how vital revenue management is for modernizing infrastructure. Adapting to competitive markets requires innovation, much like how calgary painters approach their craft with creative solutions.
Efficient revenue management is essential for France’s railway industry to stay competitive. It’s interesting how transportation logistics mirror attention to detail in other industries, like painters calgary, where precision drives success.
Improving revenue strategies in France’s railway sector is key to boosting performance. It’s a reminder that continuous improvement is crucial in any field, from transportation to art, as demonstrated by house painting calgary.
Your passion for [subject matter] shines through in your writing, and it is truly inspiring. Tải game bài đổi thưởng tặng vốn
A1-A2-B1-B2-C1-C2 Genel Almanca Dil Seviye Sınavı ve Sertifikası (120) Saat
https://uzaktanegitimsertifika.com/urun/genel-almanca-dil-seviye-sinavi-ve-sertifikasi-120-saat/ (Almanca Kursu)
この記事では、実際に3回訪れた経験から、海遊館を回る所要時間の目安を3つの目的別に徹底解説します!流動は短期的(1年以内)という意味で、流動資産は1年以内に現金化できる資産、流動負債は1年以内に支払いが必要な負債のことを指します。自らが企画した映画『長江』がヒットしたものの予算オーバーで30億円前後もの借金を作りコンサートで返済するようになって以降髪の毛が薄くなっていることも恰好の題材であり、「谷村新司、さだまさし、松山千春は『フォーク界御三毛』」などと話す。
my website … 不動産投資 ローン 金利 相場
Hello88 là nhà cái cá cược và giải trí trực tuyến , được cộng đồng bet thủ Việt đánh giá cao trong nhiều năm qua. Tại nhà cái Hello88, Quý khách sẽ được trải nghiệm hơn 1 triệu tựa game hấp dẫn, cùng với những phần quà vô cùng giá trị. https://hello88.training/
ขอบคุณมาก สำหรับคำชม นะครับ/คะ
{ผม/ดิฉัน} รู้สึกยินดีที่คุณประทับใจ บทความนี้ หากมีข้อเสนอแนะ สามารถบอกได้เลยนะครับ/คะ ขอให้คุณกลับมาเยี่ยมชมอีกครั้ง ในอนาคต ครับ/คะ
Feel free to surf to my site: mk slot 888
Pretty cool post. It’s really very nice and useful post.
Marlboro Man Harley Davidson Jacket
data toto kl sore dan malam
Thanks for finally talking about > Railway
Industry in France | Revenue Management in Action Horror Comedy
Your insights Sugar defender reviews are always so refreshing and thought-provoking.
I have read some just right stuff here. Certainly value bookmarking for revisiting. I surprise how much attempt you place to make this type of excellent informative website.토토총판
We are a group of volunteers and opening a new scheme in our community. Your website offered us with valuable info to work on. You’ve done a formidable job and our entire community will be thankful to you.꽁머니토토커뮤니티
Very good written information. RJP777
It is sure that your dick will always be happy with your decision to choose sex finder as your way to find hot partners for casual encounters. Your balls will always crave more from your mind when you have a fuck buddy from this site.
https://www.pritychavda.in/
Discover a wide range of high-quality handcuffs available for purchase online at Darkshop. Whether you’re seeking a playful accessory or a more serious restraint, Darkshop offers options to suit every preference. Enjoy discreet shopping, secure payment, and fast shipping to enhance your intimate experiences with confidence. Shop now
123B là nhà cái uy tín tại châu Á, cung cấp cơ hội thắng lớn cho người chơi thông qua các trò chơi và tỷ lệ cược hấp dẫn.
Website: https://123b.shiksha
Thanks for the blog loaded with so many information. Stopping by your blog helped me to get what I was looking for. Automatic Gate Repair Palm Beach Florida
The information and strong obsessions around this right.
http://dt-jayaagung.com/boola/
There are various tools and websites that claim to allow users to view private Instagram profiles,
but it’s important to right to use these with caution. Many of these tools can be unreliable,
may require personal information, or could violate Instagram’s terms of service.
Additionally, using such tools can compromise your
own security or lead to scams. The safest and most ethical mannerism to view a private profile is to send a follow request directly to the user.
Always prioritize privacy and honoring in your online interactions.
Stop by my site; how do you view private instagram accounts
บทความ ของบล็อกนี้
ดึงดูด มากๆ ครับ ผมชอบวิธีการ ทำการวิเคราะห์
ประเด็นต่างๆ อย่าง รอบคอบ และ มีความเป็นเหตุเป็นผล ชัดเจน เป็นการช่วยให้ผู้อ่าน ทำให้เข้าใจประเด็นได้ ลึกซึ้งขึ้น มากขึ้น คุณเขียนได้อย่าง เป็นลำดับ
และ น่าสนใจ ซึ่งเป็นสิ่งสำคัญสำหรับบทความระดับนี้
นอกจากนั้น ผมยังชอบ ความเห็นใหม่ๆ
ที่คุณได้นำเสนอ ซึ่งเป็นสิ่งที่ ยังไม่เคย คิดมาก่อน มันช่วยขยาย
ทัศนคติ และความคิด ของผมไปในทิศทางที่ ขยายขอบเขตขึ้น ผมขอขอบคุณที่คุณได้ นำเสนอ ความรู้และ ความเชี่ยวชาญ ของคุณ มันช่วยให้ผมได้ ก้าวไปข้างหน้ามากขึ้นอย่างแน่นอน
ผมหวังว่าจะได้ ติดตาม บทความอื่นๆ ของคุณในอนาคตเช่นกัน เพราะผมมั่นใจว่าจะมี ความหมาย และเป็นการเพิ่มพูน ความรู้ให้กับผมอย่างแน่นอน ขอบคุณมากครับ!
Here is my site การเงินในการพนันออนไลน์ [https://dpaste.com]
I went over this website and I think you have a lot of excellent information, saved to fav (:. Automatic Gate Repair Pompano beach Florida
You have observed very interesting points ! ps decent internet site . Automatic Gate Repair Miami Beach Florida
Ein Laufgitter bietet die perfekte Balance zwischen Freiheit und Sicherheit. tragbarer baby laufstall
fantastic post. Ne’er knew this, thanks for letting me know. Automatic Gate Repair West Palm Beach Florida
Dussehra Rangoli is a beautiful tradition where vibrant designs are created on the ground using colored powders, flowers, or other decorative materials to celebrate the festival of Dussehra. These colorful patterns, often made at the entrance of homes or temples, symbolize happiness, positivity, and the victory of good over evil. Traditional Dussehra rangoli adds to the festive atmosphere, bringing families and communities together to share in the joy and cultural heritage of the festival.
When a blind man bears the standard pity those who follow…. Where ignorance is bliss ‘tis folly to be wise…. bandar slot online
This is a really good tip especially to those fresh to the
blogosphere. Short but very precise information… Thank you for sharing this one.
A must read post!
Also visit my web site смотреть сериалы 2023 бесплатно