Trainline launches price prediction tool
Rail booking platform Trainline has launched the industry’s first price prediction tool to help passengers save money on train fares.
The Price Prediction tool is now available in the Traineline app and allows users to see when Advance ticket prices are set to increase over time.
It uses “billions of data points” to provide price forecasts, giving “complete transparency” on the price of Advance tickets – the cheapest fare types available.
“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,” says Jon Moore, Chief Product Officer at Trainline.
“We now share this information in our app to allow our customers to get the best price possible for their journey.”
He continues: “We’re introducing more advanced machine learning every day so naturally our predictions will get increasingly accurate.
“Our mission is to make train travel as simple as possible and price prediction is the first in a long line of predictive features we have planned to help customers save time and money.”
It gives the following example: a standard class Advance single fare on the London Euston to Manchester Piccadilly route is £32 at 80 days before the day of travel, rising to £38 at 41 days before the day of travel, £42 at 13 days before, £87 at two days before and costs £126 on the day of travel itself.