I've noticed the misconception on the forum from many people and in a wide variety of areas that Advance tickets are a nothing more than a way for train companies to fill empty seats on lightly loaded trains.
Not to pick on pt_mad at all, lots of people think this, but here is a recent example https://www.railforums.co.uk/thread...taff-at-paddington.172364/page-2#post-3692455
This is perhaps how Advance tickets were once viewed. In some quarters, it may well still be how they're viewed. However, in general, the industry now uses Advance tickets very differently. They are used as a yield management tool which is configured to profit maximise in the short term, by attempting to match each customer to the highest price they're willing to pay to travel on a particular train. There are a huge number of ways train companies can do this price discrimination. Most commonly they can do it by time of booking, time of travel, class of travel, age and status as a student or pensioner and associated railcard entitlements, membership of particular schemes such as NUS Extra, sales and use of particular retailers, and many other special promotions e.g. Special discounts for football clubs or charities.
There's very strong evidence that Advance tickets are used to manipulate elasticity and are not used to simply smooth out peaks and troughs in demand to balance loadings on trains. This evidence primarily takes two forms:
-Lightly loaded trains where ticket prices very high
-Heavily loaded trains where ticket prices are very low
Of course, capacity is a critical part of this decision, but it is not the only factor. In addition, some companies may weigh this factor differently to others.
There are some good personal examples of this. One is the 0843 Manchester Piccadilly to Edinburgh service on Sunday mornings, which is the first train of the day to travel the route. It's relatively new, I think it started in December. It's booked 4 coaches I understand and it's usually fully reserved, it certainly was this Sunday gone. I couldn't get a reservation for it. I knew it would be overcrowded and horrible but I also expected that an Advance ticket on the Day would be made available for this service. I was correct and I bought a £20 ticket from Preston to Edinburgh on that train on the day of travel - for Advance tickets on the Day, TransPennine Express do not issue seat reservations. It was indeed horribly overcrowded, exactly as I had predicted, and at Lockerbie it was so overcrowded that there was a real risk not everyone would have been able to board. Clearly people are entitled to criticse TransPennine Express for whatever they like, but I got a ticket for what I thought was a good price, and they got £20 more than they would have done had they not chosen to offer the Advance. It's a commercial decision which the company have taken, and it was their completely free choice to do that, just as it was mine to take them up on it.
Food for thought for everyone.
Not to pick on pt_mad at all, lots of people think this, but here is a recent example https://www.railforums.co.uk/thread...taff-at-paddington.172364/page-2#post-3692455
This is perhaps how Advance tickets were once viewed. In some quarters, it may well still be how they're viewed. However, in general, the industry now uses Advance tickets very differently. They are used as a yield management tool which is configured to profit maximise in the short term, by attempting to match each customer to the highest price they're willing to pay to travel on a particular train. There are a huge number of ways train companies can do this price discrimination. Most commonly they can do it by time of booking, time of travel, class of travel, age and status as a student or pensioner and associated railcard entitlements, membership of particular schemes such as NUS Extra, sales and use of particular retailers, and many other special promotions e.g. Special discounts for football clubs or charities.
There's very strong evidence that Advance tickets are used to manipulate elasticity and are not used to simply smooth out peaks and troughs in demand to balance loadings on trains. This evidence primarily takes two forms:
-Lightly loaded trains where ticket prices very high
-Heavily loaded trains where ticket prices are very low
Of course, capacity is a critical part of this decision, but it is not the only factor. In addition, some companies may weigh this factor differently to others.
There are some good personal examples of this. One is the 0843 Manchester Piccadilly to Edinburgh service on Sunday mornings, which is the first train of the day to travel the route. It's relatively new, I think it started in December. It's booked 4 coaches I understand and it's usually fully reserved, it certainly was this Sunday gone. I couldn't get a reservation for it. I knew it would be overcrowded and horrible but I also expected that an Advance ticket on the Day would be made available for this service. I was correct and I bought a £20 ticket from Preston to Edinburgh on that train on the day of travel - for Advance tickets on the Day, TransPennine Express do not issue seat reservations. It was indeed horribly overcrowded, exactly as I had predicted, and at Lockerbie it was so overcrowded that there was a real risk not everyone would have been able to board. Clearly people are entitled to criticse TransPennine Express for whatever they like, but I got a ticket for what I thought was a good price, and they got £20 more than they would have done had they not chosen to offer the Advance. It's a commercial decision which the company have taken, and it was their completely free choice to do that, just as it was mine to take them up on it.
Food for thought for everyone.
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