New Delhi: The cashstrapped railways seems to be moving towards dynamic fare pricing similar to the practice followed by airlines to mop up extra revenue.
In a first, special AC trains on the Delhi-Mumbai route from Tuesday to cater to increased demand during the festive season of Christmas and New Year will have dynamic pricing.
Advance reservation period for these special trains would be 15 days and the fare shall be equal to or higher than the Rajdhani Tatkal fare to begin with.
Launched on an experimental basis, the premium AC train would take four trips between December 24 to January 2 on the busy Delhi-Mumbai route. The special trains will have only AC-2 and AC-3 classes with Rajdhani like facilities including catering.
Reeling under financial stress, the state-run transporter is experimenting for the first time with dynamic pricing system as it has exhausted the option of raising passenger fares which have already been raised twice.
The transporter is incurring losses in the passenger sector to the tune of around Rs 26,000 crore a year which is being crosssubsidized from freight earnings.
(Mahendra Singh, Times of India dt 21-12-2013)
Reservation available through IRCTC web site only
In a first, special AC trains on the Delhi-Mumbai route from Tuesday to cater to increased demand during the festive season of Christmas and New Year will have dynamic pricing.
Advance reservation period for these special trains would be 15 days and the fare shall be equal to or higher than the Rajdhani Tatkal fare to begin with.
Launched on an experimental basis, the premium AC train would take four trips between December 24 to January 2 on the busy Delhi-Mumbai route. The special trains will have only AC-2 and AC-3 classes with Rajdhani like facilities including catering.
Reeling under financial stress, the state-run transporter is experimenting for the first time with dynamic pricing system as it has exhausted the option of raising passenger fares which have already been raised twice.
The transporter is incurring losses in the passenger sector to the tune of around Rs 26,000 crore a year which is being crosssubsidized from freight earnings.
(Mahendra Singh, Times of India dt 21-12-2013)
Reservation available through IRCTC web site only
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