China’s busiest railway line between the capital city and Shanghai will see a change from fixed fares to demand-based pricing starting December 23.
In a first for the country, travelers on the Beijing-Shanghai high-speed rail will see fares vary based on journey duration and class of travel.
Rail line operator Beijing-Shanghai High Speed Railway Co Ltd announced in October it would move away from flat fares to a variable pricing model, reported Shanghai Daily’s Shine. Fares, typically released a month in advance, now offer a glimpse of what dynamic pricing will entail.
In 2019, the Beijing-Shanghai high-speed rail handled 215 million passengers, accounting for 6% of the country’s total, according to China Daily.
The line is often used to test new policies and innovations, for instance, electronic tickets, before they roll out across the country’s rail network, according to The Beijinger.
Read original article