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| Re: Greyhound to use airline pricing model to boost profit (276460) | |||
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Re: Greyhound to use airline pricing model to boost profit |
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Posted by metrolinecoach111 on Fri May 24 00:17:54 2013, in response to Greyhound to use airline pricing model to boost profit, posted by Flxible4life on Thu May 23 20:03:28 2013. From someone who's worked for them:This is the way they had to go to survive. Notice how almost every one of their competitors utilizes some form of demand-based pricing. They are literally the last big intercity transport venture in this country to adopt this model. They've been pricing their tickets this way since the early 90s - and have been losing so much money from it. Yes the prices will trend up, in all transportation ventures prices go up. In fact, everything goes up with time. But under this model, the prices will stratify, or stretch according to when you book. They will be able to offer more discounted fares to passengers in almost every market by educating them to book early. Of course, the later comer will pay more - but that's the way it is for every other service. In fact, that is how the system is right now with Advanced Purchases online - but it just doesn't properly account for demand. This is the necessary first step to fixed capacity - in other words, tracking who's going where and properly planning and allocating drivers and vehicles to where people are going. This will ensure a greater level of customer service on all ends, and eventually minimize the hours upon hours of waiting for another bus because of open ticketing and open sections. It also assists the planners in Dallas on when to add sections and where in advance, instead of the existing policy of blanketing protections into historical flows that are subject to change without notice. Take it from someone who's been on the other side, open sections on Greyhound schedules is the one impediment to the whole system. It's a part of the service, but it's time to change. Can't keep playing the guessing game on drivers and schedules, no matter how educated the guess is. |
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