(06 Aug 2020, 10:11 am)streetdeckfan wrote Im sure I've said this before, but it's the people paying the higher, single prices that allow the day/week/monthly tickets to be lower. If they lowered the price of the single tickets, income would go down, and they'd have to recover that some way.
There are some fees that don't go away no matter how short the journey, card fees are ahold example these days. One larger transaction is going to be cheaper than several small transactions that add up to the same value.
If you disagree with me, I'd be genuinely interested in your view on it
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Or (bearing in mind tyresmokes post below), it creates a perception that the day, week or month tickets are better value than they actually are?
It still doesn't change the fact, that the market can't and will not grow, taking in to account those potential customers who can get to/from their destination quicker and cheaper using alternative means.
There's a natural limit on any bus corridor by virtue of the number of people living in that area.
You mention business management. Presumably you are aware of PESTEL/PESTLE and SWOT? Maybe it's worth you doing a pestle or basic swot analysis of the 20 route (including X20). Including fares, frequency, vehicle allocations and the times it starts to run off for the evening.
I would be interested to see your findings.
(06 Aug 2020, 10:53 am)tyresmoke wrote You'd need a lot more than 5 extra people to make up for the lost income. The main reason for single fares being so high is down to concessionary reimbursement being based on the average fare.
I've mentioned that several times. It seems to go straight over people's heads...