Rail fares are on the up - but what does that mean for you?
2 December 2016
The Rail Delivery Group has announced that UK Train fares will rise by an average of 2.3% from 2 January 2017 - an increase over and above the rate of inflation.
Whilst this is bad news for businesses, there are ways to mitigate for this by managing your spend effectively.
As a rail specialist, our customers benefit from the advice and best practice we promote and can save up to 45% versus a poorly managed programme. This is borne out by the fact that Capita Travel and Events customers saw their average ticket prices decrease year on year in 2016 – in spite of overall fares levels in the market increasing.
We managed to achieve this through our unrivalled knowledge in the rail sector and helping our customers to buy smarter. If you aren’t already doing so, you should be examining buying behaviour and working on ways to help your employees make the right decisions.
Interested in how the fare changes are calculated? National Rail explains it here.
Regulated fares will increase by 1.9% in 2017 (based on the RPI rate in July 2016) and unregulated fares by a higher level, leading to an increase in the overall rate of rail fare inflation to 2.3%. There will be anomalies along the way (some fares do fall as well as those that go up) but whichever way you look at it, the rise will be significant and having a strategy to manage this will be of key importance into 2017.
Interested? Let’s have a chat about your company’s travel, meetings and events objectives - from the stuff that keeps you awake at night, to the everyday experiences of your employees! Call us on 0330 390 0340, or submit the details below, with an idea of the times that suit you for a call.