10 November 2021, Virtual
London, UK - November 2021
London, UK - December 2021
Rail specialist Trainline has launched a new Price Prediction service that aims to help corporate clients save more money on advance tickets.
The prediction system is available through Trainline’s app and forecasts when advance rail tickets are set to increase using “billions of price prediction data points”.
Trainline said that this could increase the level of savings achieved through purchasing advance tickets from the current average of around 43 per cent up to 49 per cent if the traveller booked their advance ticket on the first day they searched for the journey.
Jon Moore, Trainline’s chief product officer, said: “Our data scientists have used historical pricing trends from billions of customer journey searches to predict when the price of an advance ticket will expire.
“We now share this information in our app to allow our customers to get the best price possible for their journey. We’re introducing more advanced machine learning every day so naturally our predictions will get increasingly accurate.”
Trainline said the new prediction function gives users an “at-a-glance snapshot of all the opportunities to save money when buying advance tickets in the months and days leading up to travel”.
The app also includes features such as Busy Bot to help travellers find empty seats on trains and supplies live platform updates.