Improve your rail commercial agility

Customers generally want the cheapest fare and it is key to empower them in the fare display, by accounting for preferences and upselling opportunities.  

Turning to flexible fares and pricing technology will enable rail operators to anticipate demand and allocate capacity, hence, maximising revenues from their inventory.

Rail pricing strategy requires instant time to market to maximise revenue.  However, many rail companies are still reliant on legacy systems that are not able to implement operational changes as quickly as their commercial strategies demand.

In many cases, governmental regulations limit the rail pricing flexibility, however, when looking to improve profitability, rail operators need to:

• Quickly adapt fares to changing market conditions
• Protect high yield classes and long haul routes
• Increase productivity with easy-to-use tools and real time updates
• Integrate revenue management techniques

Rail operators face the enormous challenge of increasing turnover in passenger travel and at the same time lowering the cost of sales.

The rail industry needs to adopt commercial agility, if it is to keep up with the volume and sophistication of tomorrow’s rail passengers.