To ensure that high-speed passenger rail can deliver on its potential for improved environmental, economic and service outcomes, rail operators must be able to respond to changing market conditions and competitive pricing actions while also balancing passenger demand with ticket prices and seat capacity. In order to effectively address these new industry challenges, rail operators must look beyond their current pricing and revenue management practices and systems to adopt a more sophisticated approach that brings price elasticity and competitor data into the heart of revenue management systems, enabling them to more evenly spread demand across peak and off-peak travel times.
JDA Software delivers a sophisticated approach to Price Sensitive Revenue Management to arm companies with powerful forecasting technology along with critical data, allowing them to price products to passengers traveling at both peak and off-peak times and secure the best price and optimal passenger numbers.
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