2017 Presentation Contents Existing Fare Structure Fare Model Fare Structure Opportunities and Alternatives 2 1 2 3 EXISTING FARE STRUCTURE GMT Fare Structure 4 Chittenden County FranklinGrand Isle ID: 757956
Download Presentation The PPT/PDF document "FARE ANALYSIS UPDATE DECEMBER" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
FARE ANALYSIS UPDATE
DECEMBER
2017Slide2
Presentation Contents
Existing Fare Structure
Fare Model
Fare Structure Opportunities and Alternatives
2
1.
2.
3.Slide3
EXISTING FARE STRUCTURESlide4
GMT Fare Structure
4
Chittenden County
Franklin/Grand Isle
Mad River Valley
Lamoille County
Capital District
$1.25
$0.50
Free
$1.00
$1.00
$12.00
$4.50
Free
$9.00
$9.00
$50.00
$16.50
Free
$33.00
$33.00
$2.00
$1.00
$0.50
Free
$2.00
$2.00
$1.00
$20.00
$8.00
Free
$16.00
$16.00
$75.00
$33.50
Free
$67.00
$67.00
Single-Fare
10-Ride Pass
Monthly Pass
Local Routes
Commuter Routes
Commuter Routes only
within
towns
Non-Discounted Adult FaresSlide5
GMT Fare Structure
5
Chittenden County
Franklin/Grand Isle
Mad River Valley
Lamoille County
Capital District
$0.60
$0.25
Free
$0.50
$0.50
$6.00
$2.25
Free
$4.50
$4.50
$25.00
$8.25
Free
$15.00
$15.00
n/a
$0.50
$0.25
Free
$1.00
$1.00
$0.50
n/a
n/a
Free
n/a
n/a
n/a
n/a
Free
n/a
n/a
Single-Fare
10-Ride Pass
Monthly Pass
Local Routes
Commuter Routes
Commuter Routes only
within
towns
Discounted FaresSlide6
GMT Fare Structure
6
Green Mountain Transit
Brunswick Explorer, ME
Portland Metro, ME
TriCounty
Transit, NH
Manchester Transit, NH
$0.50 - $1.25
$1.00 - $4.00
$0.25 - $0.60
$0.50 - $2.00
Local Service
Express Service
Adult Single-Ride Cash Fare
Seniors Single-Ride Cash Fare
New England Peer Comparison
RIPTA, RI
Southeast Area Transit District, CT
$1.00
--
$0.60
--
$1.50
$3.00
$0.75
$1.50
$2.00 - $3.00
--
$1.00 - $1.50
--
$2.00
$5.00
$1.00
$2.50
$2.00
$2.00
$0.00
$0.00
$2.00
--
$1.00
--Slide7
FARE MODELSlide8
Fare Model Structure
8
Current ridership
volumes by route and corresponding
non-discounted, single-ride fares were used to determine existing
system-wide annual ridership and annual revenue.
Fare Elasticity
as it relates to transit demand was applied in two different examples.
Example 1 featured low elasticity. Example 2 featured higher elasticity.
Elasticity was treated as uniform across service type.
New fares we applied to both model examples in which fares varied by type of service rather than service area. 5 different fare scenarios were tested.
1.
2
.
3
.
Elasticities were applied
across the entire system to each route based on fare and service type. This rendered
new ridership for weekdays, Saturdays, and Sundays.
These were summed to reveal
new annual ridership and annual revenue.
4
.
Data Inputs
New Fare Structure
Data Outputs
Elasticity ApplicationSlide9
Fare Model Elasticities
9
Shuttle
Rural Local
Urban Local
Major Local
Seasonal Local
Low Elasticity
High Elasticity
Commuter
Express
-0.20
-0.25
-0.30
-0.28
--
-0.35
-0.32
-0.35
-0.40
-0.45
-0.43
--
-0.50
-0.47
Price Sensitivity
Interpreting Elasticities:
A 10% increase in Commuter service fare would result in a 3.0% decrease in transit patronage under the Low Elasticity condition and a 4.5% decrease under the High Elasticity condition.Slide10
Fare Model Scenarios
10
Scenario A
Scenario B
Scenario C
Scenario D
Scenario E
Urban
Local
Rural
Local
$1.00
$1.25
$1.50
$2.00
TBD
Scenario Elements
Existing
$1.25
Seasonal
LINK Express
Non-LINK Commuter
$1.00
Free
$1.00
$1.50
TBD
$1.00
Free
Free
Free
Free
Free
Free
$3.00
$4.00
$4.00
$4.00
TBD
$4.00
$2.00
$2.00
$2.00
$3.00
TBD
$2.00Slide11
Preliminary Results
11
Scenario
A ($1
local; $2-3 express)
Scenario
B (free rural local)
Scenario
C ($1.50 urban local)
Scenario
D ($1.50-2 local; $3-4 express)
Scenario E (NE average)Ridership
Revenue
+4 to 7%
TBD
-4 to 6%
-11-15%
-TBD
Scenario
Existing
3.0 m
-11 to 13%
-3%
+7 to 9%
+7 to 30%
TBD
$3.9 mSlide12
Fare Free Scenario
12
Boone, NC
Cache Valley, UT
Canby, OR
Commerce, CA
Coral Gables, FL
Emeryville, CA
Island County, WAKetchum, IDLebanon, NHCorvallis, ORMacomb, IL
Marion, INMissoula, MTSandy, ORStarkville, MS
Vero Beach, FLWilsonville, OR
US Cities that Offer Fare-free Service at Least in Part
Measured Results of Going Fare-free
Corvallis, OR saw a
38% increase in ridership
within a year of going fare-free
TriMet
in Portland, OR saw a
25% increase in peak-period ridership and a 60% increase in off-peak ridership
within 34 months of going fare-free*
Seattle, WA’s CBD saw an
increase in ridership of 199%
during their trial period of fare-free zones throughout their service area.
*
TriMet
no longer runs fare-free service