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
This is a great high resolution screen which you have shared for the users. Making a website is not an easy task but managing a good website is really a hard work. As far as this website is concerned, I am very happy. bandar slot online
The only person you are destined to become is the person you choose to be. ww88 select
Great post, I think website owners should acquire a lot from this web site its very user pleasant. Automatic Gate Repair Dunedin Florida
I was very impressed by this post, this site has always been pleasant news Thank you very much for such an interesting post, and I meet them more often then I visited this site. bandar slot online
Thank you for an additional great post. Exactly where else could anybody get that kind of facts in this kind of a ideal way of writing? I have a presentation next week, and I’m around the appear for this kind of data. Gate Repair Service studio city ca
I’m impressed, I must say. Very rarely do I come across a blog thats both informative and entertaining, and let me tell you, you ve hit the nail on the head. Your blog is important.. bandar slot online
Impressive web site, Distinguished feedback that I can tackle. I am moving forward and may apply to my current job as a pet sitter, which is very enjoyable, but I need to additional expand. Regards bandar slot online
Hi I’m Rakesh Roshan, and I’m from India. I really pulled in with the most all around saw structure for figuring out keeping your piece concerning the meaning of destroying. I have everlastingly been a peruser. I’ve found that it has on a verifiably key level remained mindful of my learning and wary.
Mini Truck
I visited a lot of website but I conceive this one contains something special in it in it Automatic Gate Repair Clearwater Florida
excel spill error occurs when a formula tries to populate multiple cells, but something is blocking the range. Clear the space or check your formula references to resolve the issue and let Excel ‘spill’ the data as intended!
Hi there, I found your blog via Google while searching for such kinda informative post and your post looks very interesting for me. bandar slot online
“Play lottery today and enjoy 10% cashback from every loss you experience. The more often you play, the greater your chance of winning!” for complete information visit our website here https://waktogel303.jimdofree.com/
Super-Duper website! I am loving it!! Will be back later to read some more. I am bookmarking your feeds also Automatic Gate Repair Land o lakes Florida
so much wonderful information on here, : D. Gate Repair Service studio city ca
Assignment help services provide students with guidance and support in completing their academic tasks. These services offer assistance in research, writing, and editing to ensure high-quality submissions. Whether it’s for essays, projects, or exams, professional tutors and writers can help students understand complex topics, improve their skills, and meet deadlines effectively.
I’m glad I found this article; it’s been a very good read during my lunchtime. I’ll surely keep visiting this blog more often. vibratore clitorideo ricaricabile
your blog is very good. It was very well authored and easy to understand. Unlike additional blogs I have read which are really not good. I also found your posts very interesting Automatic Gate Repair Newberg
I’m finding this information all over the place. Thanks for your website; I’ve subscribed to it. This is a nice blog. collant cavallo aperto
F8BET là nhà cái thuộc quyền quản lý của tập đoàn OKVIP, cung cấp sản phẩm và dịch vụ giải trí trực tuyến hàng đầu Châu Á.
Website: https://f8bet.doctor/
SĐT: 09876765432
Địa chỉ: 143 Đ. Gò Công, Phường 13, Quận 5, Hồ Chí Minh, Việt Nam
Hastag: #f8bet #f8betdoctor
Look no further when you have the Kharar Escorts to serve you. These girls are well-trained and qualified professionals who are fit to render amazing sexual time. You can come with us with your needs and our call girls will fulfill every of your desires with their sexual services.
I like this site very much so much superb info . api288
Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! However, how could we communicate? Automatic Gate Repair Oregon City
Normally I don’t learn post on blogs, however I would like to say that this write-up very forced me to take a look at and do so! Your writing style has been surprised me. Thank you, quite great article. Gate Repair Service Lake Oswego
Ribuan game slot online uang asli yang dapat dimainkan untuk anda semua hanya di nenen4d.
Speedily this specific web page could indisputably become popular involving most writing a blog along with site-building persons, for you to their fastidious blogposts or possibly testimonials. Grand88
Ich kenne einige Leute, die aus Kanadakommen. Eines Tages werde ich auch dorthin reisen Lg Daniela Automatic Gate Repair Sherwood Or
Looking for a cost-effective way to manage your business communications? Buy Google Voice Accounts to take advantage of a powerful and flexible communication tool. Google Voice allows you to handle multiple numbers from one interface, making it easier to manage calls and messages. Perfect for remote teams and businesses of all sizes, Google Voice ensures you stay connected with your clients and team members. Experience the convenience and efficiency of Google Voice by purchasing your accounts today.
I enjoy every little bit of it. It is a great website and a nice share.
Click here to visit
Just wanna remark that you have a very nice web site , I like the layout it actually stands out. Gate Repair Service Hillsboro
Interesting post. I’ll be sticking around to hear much more from you guys. Thanks! gate repair services
Just wanna remark that you have a very nice web site , I like the layout it actually stands out. Gate Repair Service Hillsboro
’ve bookmarked your site and I’m adding your is a impressive source of data. Appreciating the your post is awesome”
come across a blog every once in a while that isn’t the same outdated rehashed material.time and energy you put into your the full of information I am looking for and I love to post a comment that “The content of Hi, its fastidious post on the
website and detailed information you provide. It’s nice to topic of media print, we all understand media
Fantastic read! I sbobet login
Prettig contact en een leuke date bij jou in de buurt:
– Voor singles op zoek naar chat, date en meer.
– Gratis proberen, foto’s en profielen bekijken.
– Fijne contacten. Discreet en betrouwbaar.
Eenvoudig datingsites vergelijken, gratis inschrijven en kennismaken.
met jou datingsite
Osa Lovely is a talented and accomplished actress hailing from Texas. With a career spanning over a decade, she has become a household name in the entertainment industry. Osa Lovely debuted in the industry in the late 2000s, establishing herself with diverse roles and performances that garnered attention from industry experts and viewers alike.
really good post, i certainly love this site, keep on it Gate Repair Company
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 enjoyed reading. empresa de mudanzas
Substantially, this publish is really the sweetest on this notable theme. I harmonise along with your conclusions and will thirstily seem ahead in your incoming updates. Stating thanks will not likely just be ample, for that phenomenal clarity with your writing. I will right grab your rss feed to stay informed of any updates. Admirable operate and considerably accomplishment with your enterprise dealings! Please excuse my poor English as it’s not my very first tongue. Motorized Driveway’s Gates Motors Repair
Just wanna remark that you have a very nice web site , I like the layout it actually stands out. Garage Door Florida
Hello! Good stuff, please keep us posted when you post again something like that! gate repair services
Lavender Rose Quartz is an enchanting gemstone with a special power to touch the soul. Connected deeply with the heart chakra, it helps us benefit physically and emotionally by facilitating unconditional love between people. An irresistible beauty awaits within this stone! Learn more about lavender rose quartz metaphysical properties here.
Greetings! I know this is kinda off topic but I was wondering if you
knew where I could locate a captcha plugin for my comment form?
I’m using the same blog platform as yours and I’m having trouble finding one?
Thanks a lot!
My website; car Insurance quotes – miriamlidt577387.Blogdeazar.Com –
Bet in Asia: Germany’s Top Online Betting Destination
Bet in Asia offers a premier betting experience for German users, connecting them to top Asian betting exchanges and sportsbooks. The platform is ideal for both newcomers and experienced punters, providing a wide selection of sports markets, including football, tennis, and cricket.
With its flexible betting limits, Bet in Asia accommodates both casual players and high-stakes bettors. The platform’s competitive odds ensure that each wager has the potential for attractive returns. Additionally, the Bet in Asia Black feature gives users access to exclusive odds and larger betting limits, delivering a superior betting experience across multiple bookmakers.
Signing up is quick and easy, allowing users to start betting right away. Security is a top priority, with the platform offering secure payment methods and various deposit options to suit every preference. Real-time updates on odds and a user-friendly interface make it easy to navigate, ensuring a smooth and enjoyable betting process.
For German bettors, Bet in Asia has built a strong reputation for reliability and top-tier services. To explore all the features and start placing bets, visit Bet in Asia today.
“This article on Revenue Management in Action is incredibly insightful, especially for those looking to optimize their business strategies. For anyone interested in learning more about maximizing efficiency and streamlining processes, check out this site I found helpful: CapCut Mod APK. It offers tools and resources that can boost productivity in creative and marketing tasks.”
“Great insights on Revenue Management in Action! It’s always important to stay on top of strategies that can maximize revenue efficiently. For those who work in social media and marketing, I also recommend checking out SaveInstaVideos. It’s a fantastic tool for downloading Instagram videos quickly, which is perfect for content creators and marketers who need to save and repurpose media efficiently.”
The Hair Stroke Eyebrows Kent
offers a less invasive and more natural alternative to traditional eyebrow tattoos. Instead of solid, blocky brows, the hair stroke technique delivers delicate, feathery lines that imitate real hair growth patterns. This method is especially popular among those who desire subtle brow enhancements that suit their facial structure and personal style. Whether for cosmetic reasons or to cover up thinning brows, hair stroke eyebrows in Kent help clients achieve long-lasting, natural-looking results.
The Hair Stroke Eyebrows Kent offers a less invasive and more natural alternative to traditional eyebrow tattoos. Instead of solid, blocky brows, the hair stroke technique delivers delicate, feathery lines that imitate real hair growth patterns. This method is especially popular among those who desire subtle brow enhancements that suit their facial structure and personal style. Whether for cosmetic reasons or to cover up thinning brows, hair stroke eyebrows in Kent help clients achieve long-lasting, natural-looking results.
Really enjoyed reading about Revenue Management in Action! Understanding how to optimize revenue strategies is crucial for anyone in business. For those looking to grow their presence on Instagram as part of their marketing efforts, InstaUp APK is a great tool to boost engagement and followers organically. It’s perfect for those who want to take their social media strategy to the next level!”
“Revenue Management in Action is such an informative read! It’s so important for businesses to leverage the right tools to maximize their revenue potential. Speaking of tools, if you’re into video editing for marketing or content creation, CapCut APK for PC/Laptops is a fantastic option. It lets you edit professional videos right from your computer, perfect for enhancing your marketing materials efficiently.”
Thank you for this blog because this blog is very useful for everyone, here you can also find a lot of interesting information like this game https://bongdacmd368.net/
토토사이트 first of all is good information for you! plz visit me 😀