Evaluation of the pricing preferences and value of time for high speed rail (HSR) users in Turkey


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Tüydeş Yaman H. , Dalkıç G.

JOURNAL OF THE FACULTY OF ENGINEERING AND ARCHITECTURE OF GAZI UNIVERSITY, vol.34, pp.255-273, 2019 (Journal Indexed in SCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 34
  • Publication Date: 2019
  • Doi Number: 10.17341/gazimmfd.416487
  • Title of Journal : JOURNAL OF THE FACULTY OF ENGINEERING AND ARCHITECTURE OF GAZI UNIVERSITY
  • Page Numbers: pp.255-273

Abstract

High Speed Rail (HSR), a new intercity passenger mode in Turkey, has high travel time reduction potential and competes against both road and air travel modes. A survey among the current HSR users showed that pricing at intercity bus ticket level is a factor increasing the preferability of HSR. If HSR ticket price is more than bus ticket price, 60 0 of the HSR users stated to prefer HSR, while only 40 0 stated preference, if HSR is priced equal to air ticket prices. Binary logit models developed in the study suggested travel time reduction as a major factor affecting HSR choice. It was determined that Value of Time (VoT) estimations using the binary logit models vary among both HSR lines and different traveler groups.