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
Very interesting blog. Alot of blogs I see these days don’t really provide anything that I’m interested in, but I’m most definately interested in this one. Just thought that I would post and let you know. upadlosc konsumencka gdansk
Cool stuff you have got and you keep update all of us. 토토커뮤니티
Nice to read your article! I am looking forward to sharing your adventures and experiences. Fabulous post, you have denoted out some fantastic points, I likewise think this s a very wonderful website.
CBD Oil!
I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up. 토토커뮤니티
I am happy to find your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept. Thank you for the post. 토토커뮤니티
Really I enjoy your site with effective and useful information.
It is included very nice post with a lot of our resources.Pretty good post.
Daylight detox
instalasi gas medis dan generator oksigen semakin efesien dengan teknologi terkini. Layanan bergaransi dengan tim profesional terbaik untuk sistem dan instalasi gas medis rumah sakit. instalasi gas medis
This is exciting, nevertheless, it is vital for you to visit this specific URL: Isicelo se-Visa sase-US
먹튀검증커뮤니티Are you scared of eating and running? We’re a trusted company.
Thanks for the information provided! Maintain the good performance of your site. You can also check my site kaolin mining industry
Helpful along with helpful details could be situated through this material in the following paragraphs web page worth to find out them. https://ULTRACLUBASIA.com
Dyson supersonic hair dryer is a product that dries hair fast with no extreme heat and is engineered for different hair types
I found this is an informative and intereThis is my first time visit here. sting post so i think so it is very useful and knowledgeable.
CBD shop!
I think about it is most required for making more on this get engaged น้ำเต้าปูปลา เว็บไหนดี Pantip
Hi there, I found your blog via Google while searching for such kinda informative post and your post looks very interesting for me น้ำเต้าปูปลา เว็บไหนดี Pantip
This blog was extremely helpful. I really appreciate your kindness in sharing this with me and everyone else! Upholstery cleaning near me
Shark cordless vacuum cleaners, often known as stick vacuums, eliminate the annoyance of having to deal with cables. They’re small, lightweight, and run on rechargeable batteries.
Thankyou for sharing the data which is beneficial for me and others likewise to see. Credit Restoration Des Moines
Shark robot vacuum is the ideal cleaning solution for people who have mobility challenges or physical disabilities.
This is such a great resource that you are providing and you give it away for free. Stunning articles and an amazing development plan.
Kratom store .
Discover New Countries with our Funny Trivia Games. Try our Original Virus Games! Perfect games for Toilet Time, Cues or Doctor visits! TRIVIA GAMES
Thank you for sharing such a great bog it is very helpful.
온라인카지노
This is very interesting, You’re an excessively skilled blogger I have joined your feed and sit up for in quest of extra of your wonderful post. Also, I’ve shared your site in my social networks.
토토사이트
I really appreciate the kind of topics you post here. Thanks for sharing us a great information that is actually helpful. Good day!
Hypermobility knee exercises
So lot to occur over your amazing blog. Your blog procures me a fantastic transaction of enjoyable.. Salubrious lot beside the scene. allbet
i am always looking for some free stuffs over the internet. there are also some companies which gives free samples.
The corporation changed into based via way of means of Mr. Kavin Pongphandecha. as Chief Executive Officer And it changed into registered ultimate year. In addition, rapidly after growing this net platform, it acquired a license from the Ministry of Finance as a internet site this is financially strong and secure for investors. สมัคร Bitazza
keonhacai
keonhacai
It’s very interesting. And it’s fun. This is a timeless article. I also write articles related to , and I run a community related to 메이저사이트. For more information, please feel free to visit !!
^^
I read that Post and got it fine and informative. Please share more like that… buy centrex 100mg
เว็บตรง มั่นคง ปลอดภัย ไม่ผ่านเอเย่นต์
https://www.texasmaxx.com/
We update every day with new movies and tv series. UWatchFree is a free movie website to watch the latest movies online free.
https://uwatchfree.be/
เกมยอดฮิตเบทน้อยค่าย PG
แค่ 1 บาทก็เล่นได้
http://www.texasmaxx.com
MEGA GAME ถ้าหากผู้เล่นต้องการความสนุกสุดมันส์ สุดเหวี่ยง ต้องขอแนะนำขอเว็บ บาคาร่าออโต้ ที่จะทำให้ตัวของผู้เล่นนั้นได้มีโอกาสที่จะสร้างความเพลิดเพลินให้ตัวผู้เล่น ได้เป็นอย่างดีแน่นอน MEGA GAME นอกจากนี้ในส่วนของ บาคาร่า ออโต้ ความรวดเร็วด้วยฝากถอนออโต้ ผ่านระบบ Baccarat Auto นั้น ก็เป็นอะไรที่และ ตอบโจทย์ความต้องการตัวของผู้เล่นเอง ได้ด้วย ได้มากเลยทีเดียวทุกวันนี้เวลาเป็นสิ่งที่สำคัญมากที่สุดเพราะเวลาที่ได้เดินไปเรื่อยๆ
CasinoMecca
Dota 2
Dunialotto merupakan Portal media dengan ragam berita terkini seputar dota 2, serta masih banyak lagi!
The last I checked on this topic was very some time back. I am much more into SEO Company. Nonetheless, fascinating post and I’d check back again soon and get myself much more updated. smm reseller panel
I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up. https://voyance-par-telephone-amour.com/
grand central stations are really built with some great architectural design, they are very impressive* instagram panel
Hola i would really love to subscribe and read your blog posts ! smm reseller panel
Hiya, I simply hopped over to your web page via StumbleUpon. No longer one thing I would normally learn, however I preferred your feelings none the less. Thanks for making one thing value reading. tiktok smm panel
howdy, your websites are really good. I appreciate your work. 토토커뮤니티
You actually make it appear really easy with your presentation however I in finding this topic to be really one thing which I think I would by no means understand. It sort of feels too complicated and very vast for me. I am looking forward on your next post, I’ll attempt to get the hang of it! smm panel
Watch All online serial Full Episodes Free Only On Official Website
Watch online serial
CasinoMecca
Watch All Udaariyaan Drama Full Episodes Free Only On Official Website
Udaariyaan
That’s why so many science fiction stories use Greek and Roman names, stories and history. smm panel
The next occasion I read a weblog, I am hoping that this doesnt disappoint me just as much as this. I mean, Yes, it was my substitute for read, but I just thought youd have something fascinating to talk about. All I hear can be a bunch of whining about something that you could fix when you werent too busy searching for attention. spotify smm panel
슬롯커뮤니티