The Telangana State Road Transport Corporation (TSRTC) is set to introduce a dynamic pricing system for its buses operating between Hyderabad and Vijayawada. Here are the key details of this new initiative:
Dynamic Ticketing System
- The dynamic ticketing system will automatically increase the prices of seats as soon as tickets are booked.
- This system aims to optimize revenue generation for TSRTC and ensure fair pricing based on demand.
First Phase Implementation
- In the first phase, TSRTC plans to implement the dynamic pricing system in 100 buses on the Hyderabad-Vijayawada route.
- The corporation is preparing to implement this policy soon, enhancing the ticketing experience for passengers.
Pricing Structure
- In sleeper buses, higher ticket fares will be charged for lower berths.
- For services with seating only, the first row of seats behind the driver (except for the last two rows) is expected to have higher ticket charges.
Impact on Ticket Prices
- Presently, ticket prices range from Rs 570 to Rs 1,050 for various types of buses between Hyderabad and Vijayawada.
- With the implementation of the dynamic pricing system, an additional 25% charge is expected on the current ticket prices.
- The ticket prices of TSRTC buses will be determined based on the ticket prices set by private operators at that specific time.
Success of Pilot Project
- TSRTC conducted a pilot project for dynamic ticketing on buses running from Hyderabad to Bengaluru, which resulted in a 15% increase in income.
- Encouraged by the positive outcome, TSRTC is now preparing to implement the dynamic pricing system on the Vijayawada route as well.
Enhancing Revenue and Efficiency
- The introduction of dynamic pricing by TSRTC aims to optimize revenue generation and provide a fair and efficient ticketing system.
- This system ensures that ticket prices are adjusted in real-time based on demand, resulting in a more dynamic and responsive pricing structure.
Passengers traveling between Hyderabad and Vijayawada should anticipate changes in ticket prices as the dynamic pricing system comes into effect. The implementation of this system reflects TSRTC’s commitment to enhancing service quality and meeting the evolving needs of passengers on key routes.
