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Pricing Alison Cohen, Bicycle Transit Mitch Vars, Nice Ride Minnesota

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Presentation on theme: "Pricing Alison Cohen, Bicycle Transit Mitch Vars, Nice Ride Minnesota"— Presentation transcript:

1 Pricing Alison Cohen, Bicycle Transit Mitch Vars, Nice Ride Minnesota
Nick Bohnenkamp, Denver Bike Sharing Steve Hoyt-McBeth, Portland Bureau of Transportation

2 Goals/Objectives Increase ridership Increase net revenue
Expand access to people living on low incomes Reduce fare-related customer service and marketing resources Higher recapture of operations costs through membership revenue

3 Strategies Lower cost of entry - (Monthly) installment payment
- Removing annual pass - Swap day pass for single ride Increase total membership cost Simpler, more intuitive membership/fare - Single ride, pay by the hour Reduce the number of fare instruments

4 Panel questions How is it working? Are you planning on: - keeping?
- tweaking? - ditching?

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6 System Summary 1,000 Bikes, 100 Stations 8.8 square mile service area
Opened July 19, 2016

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8 Overage: 10 cents/minute all plans
30 minutes 3 hours ride time 90 minutes daily Overage: 10 cents/minute all plans

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10 Trips Total Trips: 137,000

11 Trips by Member Type Annual Members: 56,833 Single Ride: 48,124
Day Pass: 35,987

12 Memberships Annual Memberships: 2,844 Single Ride Users: 22,584
Day Passes: 11,513

13 Average Trip Length ALL: 2.2 miles, 28 minutes Annual Member:
Single Ride: 2.2 miles, 33 minutes Day Pass: 2.7 miles, 43 minutes

14 Thank You!


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