Abstract
New rail stock, improved journey times, eco-friendly advertising from Virgin and the relocation of Eurostar to St Pancras International. Is this the new age of the train? Commuting is the main engine of expansion but rail travel for business or leisure purposes has also grown by an estimated 10% in the past five years reaching 601 million journeys in 2006/07, and is worth an estimated £3.3 billion.
Overcrowding on peak-time services suggests that only capacity problems are holding rail travel back. However, underused off-peak services and mounting concerns over fare hikes threaten a booming industry.
This report provides an overview of the UK business and leisure rail travel market, investigating the core market factors, strengths and weaknesses, supply and consumer dynamics, and likely future trends.
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