Improving Yield : Future Directions for Passenger Revenue A discussion paper prepared by Michael Davis and BC Transit, 2015.

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Presentation transcript:

Improving Yield : Future Directions for Passenger Revenue A discussion paper prepared by Michael Davis and BC Transit, 2015

Agenda

Building on prior Workshops

The Challenge Continues

Increase net yield

Fare Strategy Objectives

Fare Structure Principles

We have some decisions to make... Technology enhances well developed, consistent and known business rules. Fare Structure SalesUseCollection

Passenger Revenue Activities The fare structure drives all other areas – without simplification, the costs of sales, use and collection are increased.

Fare Structure Initiatives We have come a long way but…

Fare Structure Opportunities

Standard fare classes and products for all communities

Future Directions: Breakout (15 mins)

We have some decisions to make... Technology enhances well developed, consistent and known business rules. Fare Structure Sales UseCollection

Sales: Opportunities

We have some decisions to make... Technology enhances well developed, consistent and known business rules. Fare Structure Sales Use Collection

Use: Opportunities*

What are our options with Transfers? Dated TransfersOne TransferNo Transfers

We have some decisions to make... Technology enhances well developed, consistent, and known business rules. Fare Structure SalesUse Collection

Collection/Reporting: Opportunities

Future Directions: Breakout Fare Structure SalesUseCollection Technology enhances well developed, consistent, and known business rules.

Increase net yield

Fare Strategy Objectives

Fare Structure Principles

Future Directions: Breakout (10 mins) Fare Structure SalesUseCollection

Future Directions: Next Steps The Smart Bus Presentation - April 29 (8:30 to 10:00am) Potential Mobile Payment Pilot Project 15/16 We will provide updates on our progress based on your feedback. Please or your RTM your thoughts, ideas and suggestions on how we can improve our fare

Thank you