Fare Capping: Balancing Revenue and Equity Impacts (2022) / Chapter Skim
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From page 41... ...
41 Conclusions and Further Research This final chapter summarizes the conclusions of the synthesis effort and discusses potential topics for future research. Motivations for, and Objectives of, Fare Capping Many agencies across North America are considering, actively implementing, or have successfully begun offering some form of fare capping to their customers.
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From page 42... ...
42 Fare Capping: Balancing Revenue and Equity Impacts The synthesis team found that most agencies expect that fare capping will lead to • More equitable fare policy and pricing; • Reduced reliance on, and handling of, cash -- with fewer onboard fare transactions but more overall fare access; and • A more seamless, user-friendly transit experience. Due to the improvements in fare technology that are required for fare capping, agencies also anticipate opportunities to expand partnerships with schools, employers, social service agencies, and tourism partners.
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From page 43... ...
Conclusions and Further Research 43 • Creating a more equitable fare structure, enhancing the rider experience, and simplifying the fare system were the highest rated motivations. However, the case for fare capping is also a business one: attract more riders and improve the rider experience in addition to designing a more equitable system.
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From page 44... ...
44 Fare Capping: Balancing Revenue and Equity Impacts • Modeling of fare revenue and ridership impacts. Although most agencies did some level of analysis to predict revenue and ridership impacts of fare capping prior to implementation, further research could document real-world impacts, including factors such as pricing structure (daily or monthly caps)
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