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If concerns around climate change were not enough, modelling by Swiss bank UBS is showing that more people will be looking to switch from air to train travel in Europe following the coronavirus (COVID-19) pandemic.
The report, released by UBS Evidence Lab, highlights that a number of air routes within the EU are at risk of losing passengers to rail. Those most at risk include routes from Berlin to Frankfurt and Munich, London to Paris and Edinburgh, and Madrid to Barcelona.
While most of the routes most affected are relatively short, the report notes that travellers are having an increasingly higher tolerance to longer rail journeys, which could be taken faster by plane in the same corridor.
“Data from a UBS Evidence Lab survey of 1,000 people in four European countries and China suggests leisure travellers would tolerate 5-6 hours on a train, and EU business travellers up to four hours vs the general consensus of 2-3 hours.”
The report notes that service and frequency are drivers for demand for longer train journeys, and that competition among operators can often encourage improvements in these areas.
The report links the growing appetite for rail to current concerns about COVID-19, as well as wider demands for net-zero carbon by 2050.
“The Covid-19 outbreak is showing industrialised countries not only what clean air means and how to cope without travelling, but also how a cleaner environment and healthier populations cope better with diseases.”
While the report authors note that some low-carbon investments may be diverted to support the transport and travel industries, countries will continue to push towards net zero by 2050, while consumers will continue to look for travel options that take the least time. Increased funding to meet these twin demands will grow the market for European high-speed rail and associated supplies of rollingstock, signalling, controls, and brakes.
This article first appeared on www.railexpress.com.au
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