Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Rail Season Ticket Usage Hits Record Low Amid Shift to Hybrid Working

by June 19, 2024
June 19, 2024
Rail Season Ticket Usage Hits Record Low Amid Shift to Hybrid Working

The use of rail season tickets in Great Britain has plummeted to the lowest level on record, driven by a significant increase in working from home since the Covid-19 pandemic.

According to figures from the Office for Rail and Road (ORR), the industry regulator, the number of rail journeys made by people using season tickets fell to 13% in the year to 31 March, down from 15% in the previous year. This marks the lowest figure since records began in 1986-87. Before the pandemic, in the year to March 2020, more than one-third (34%) of journeys were made using season tickets.

Season ticket income is a crucial component of railway revenue. During the pandemic, lockdowns forced office workers to adopt remote working, leaving city centres deserted. Since then, many employers have embraced hybrid working models, allowing employees to split their time between home and the office.

While some companies, particularly in the banking sector, now require employees to spend most of their time in the office, a recent study highlighted that hybrid working enhances employee well-being and productivity. Three-quarters of those working flexibly reported feeling less burned out compared to when they were in the office full-time.

The ORR reported that 1.6 billion rail journeys were made in Britain last year, marking a 16% increase from the 1.4 billion journeys in the previous year. Passengers travelled a total of 60 billion kilometres, up by 13% year-on-year. In the three months to March, passengers made 405 million journeys, a 13% increase compared to the same quarter last year.

Total passenger revenue rose to £10.3 billion, a 13% increase from £9.1 billion in the previous year, when adjusted for inflation.

In response to the rise in hybrid working, the rail industry introduced flexible season tickets, allowing travel on any eight days within a 28-day period. However, analysis by MoneySavingExpert found that part-time season tickets only offered savings for those travelling two days a week, with cheaper options often available.

Govia Thameslink Railway was the largest operator by passenger journeys in the year to March. The Elizabeth line recorded the second-highest number of journeys and the greatest year-on-year increase, up by 54%. This surge is attributed to the increase in services following the opening of the central section of the line in May 2022, with a full service commencing in May 2023.

The notable year-on-year increase in the number of journeys for several operators was also influenced by reduced timetables in the previous year. This includes ScotRail, Avanti West Coast, and TransPennine Express, all of which operated reduced timetables at some point between April 2022 and March 2023.

Read more:
Rail Season Ticket Usage Hits Record Low Amid Shift to Hybrid Working

0
FacebookTwitterGoogle +Pinterest
previous post
Britons Curb Spending Despite Drop in Grocery Inflation, Reports Kantar
next post
Melania will ‘most certainly’ have influence on Trump’s VP pick, says former White House aide

You may also like

Multitude of daggers from velvet sheaths are thrown...

October 10, 2022

Ford to cut one in five jobs in...

February 14, 2023

Advantages of Using Mastercard for Online Gambling

August 30, 2024

Anti-scam groups urge tougher police action as UK...

March 31, 2025

Online health business backed by Freddie Flintoff hits...

January 17, 2023

Tax hikes arrive but IR35 remains freelancers’ biggest...

April 6, 2023

Amazon to start cutting 10,000 jobs within days

November 15, 2022

UK oil and gas sector ‘must it must...

October 6, 2023

6 Important things to include in your Website

September 22, 2023

Tesla sales plunge 49% across Europe in April...

May 28, 2025

Multitude of daggers from velvet sheaths are thrown...

October 10, 2022

Ford to cut one in five jobs in...

February 14, 2023

Advantages of Using Mastercard for Online Gambling

August 30, 2024

Anti-scam groups urge tougher police action as UK...

March 31, 2025

Online health business backed by Freddie Flintoff hits...

January 17, 2023

Tax hikes arrive but IR35 remains freelancers’ biggest...

April 6, 2023

Amazon to start cutting 10,000 jobs within days

November 15, 2022

UK oil and gas sector ‘must it must...

October 6, 2023

6 Important things to include in your Website

September 22, 2023

Tesla sales plunge 49% across Europe in April...

May 28, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Majority of Americans back Israeli airstrikes on Iran, poll shows

      June 13, 2025
    • Trump believes Israel’s strike on Iran could improve chances for nuclear deal: report

      June 13, 2025
    • How close was Iran to a nuclear weapon before Israel’s strike on Tehran?

      June 13, 2025
    • Bearish Divergence Suggests Caution For S&P 500

      June 13, 2025
    • Is a Bold Rotation Brewing in Healthcare and Biotech? Here’s What to Watch Now

      June 13, 2025
    • Inside Israel’s secret war in Iran: Mossad commandos, hidden drones and the strike that stunned Tehran

      June 13, 2025

    Categories

    • Business (8,205)
    • Investing (2,035)
    • Politics (15,638)
    • Stocks (3,147)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved