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

Royal Mail Announces Fourth Stamp Price Increase in...

March 1, 2024

Lord Sugar Revives Amstrad Brand for Grandson’s Digital...

March 4, 2024

Bank of England and Treasury explore the need...

February 7, 2023

Brits brave storms to back small businesses, spending...

December 11, 2024

BBC faces scrutiny over IR35 implementation during government...

February 20, 2024

Rachel Reeves to lead Davos 2025 delegation in...

January 8, 2025

From Theory to Action: Implementing Decarbonisation Frameworks for...

November 9, 2023

7 Smart Reasons to Start with Bitcoin Today

April 25, 2025

4 types of unconscious bias in the workplace...

September 27, 2022

Cash flow becomes top priority for small businesses...

October 27, 2022

    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

    • DAVID MARCUS: Zany Zohran endorsement is existential choice for Hakeem Jeffries

      July 26, 2025
    • FTC firings take spotlight in Trump’s fight to erase independence of agencies

      July 26, 2025
    • DNI Tulsi Gabbard declassified Trump-Russia docs: Here’s what they say

      July 26, 2025
    • Trump signs rescissions package, closes out week with trip to Scotland

      July 26, 2025
    • CHARLIE KIRK: Republicans must seize Gen Z moment or risk losing an entire generation

      July 26, 2025
    • Technology in Hospitality: Innovations Shaping Guest Experiences

      July 26, 2025

    Categories

    • Business (8,580)
    • Investing (2,151)
    • Politics (16,208)
    • Stocks (3,228)
    • 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