Always Dreamed Of Riding A Bullet Train In Japan? Tourists Will Now Shell Out 70% More
Portfolio Pulse from Benzinga Neuro
Japan's JR train network has increased its rail pass prices by an average of 70% for tourists, the first such increase in forty years. The new fares reflect service extensions and system upgrades. Despite the price hike, tourists can pay an extra fee to ride the fastest bullet-train services. However, the price increase may push some visitors to shift to low-cost carriers, such as Jetstar and All Nippon Airways Co.’s Peach, for long-distance intercity travel.
October 04, 2023 | 1:21 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The price increase by JR train network may push some visitors to shift to All Nippon Airways Co.’s Peach for long-distance intercity travel.
The price increase by JR train network makes other transportation options like low-cost carriers more attractive for long-distance intercity travel. This could potentially increase the customer base and revenues for All Nippon Airways Co.’s Peach.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70