Industry Analysis & Industry Trends
Industry revenue is expected to total £9.19 billion in 2012-13, having grown at a compound annual rate of 5.6% over the past five years. A range of factors, including growth in passenger journeys, increased capacity and population growth, has supported revenue growth. Costs of alternative transport have increased more than rail fares, maintaining rail's competitive advantage and leading to passengers choosing trains over cars. In the five years through 2011-12, the total number of passenger journeys increased at a compound annual rate of 5.0%. In 2012-13 industry revenue is forecast to increase by 3.0% as growth in passenger journeys continues... purchase to read more
Industry Report - Industry Analysis Chapter
Industry revenue is expected to grow at a compound annual rate of 5.6% over the five years through 2012-13 to total £9.19 billion. Growth is expected to come from higher passenger numbers, supported by an expansion of services and an increase of fares in the current year. The increasing cost of alternative transport, mainly private motor vehicles, has caused a rise in passenger numbers that is projected to continue through the current year, as revenue grows by 3.0%
Prices and passengers
The total number of passenger journeys on railways increased at a compound annual rate of 5.0% in the five years through 2011-12 to total 1.46 billion... purchase to read more