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How Viable are Preserved Railways?

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gingerheid

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There is a big market for visiting heritage attractions in general.
[snip]
Effectively, they are competing with the likes of the National Trust and Alton Towers for almost all their custom.

An intermediate step could be some kind of recipricol arrangement where preserved railways gave members of other preserved railways something close to the same benefits as their own members? However many preserved railways have quite cheap membership with relatively minor benefits?

However the aim needs to be to get people to make regular monthly payments, as that is the gold standard of revenue collection for the non profit sector. I realise it's completely unrealistic (and would harm expansion projects as it would invariably focus on maintaining what it had), but a National Trust type organisation for preserved railways could have some amazing benefits in terms of encouraging people to make regular membership payments!

The WSR does have a method of getting a decent chunk of money off you; the annual family ticket at £360. I wonder if it would be beneficial if there was an annual Preserved Railway £360 family ticket? More people might hand over the money if they got goes on everything rather than just the WSR over and over again? How to divide up the money... I certainly wouldn'y like to have to design the system...
 
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Krokodil

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Is an 18 mile railway with double track sections going to be viable in the long term for the GCR?
How much can they make out of hiring it out as a 75mph test track? Once the gap is bridged and they've got a mainline connection life will be a bit easier.
 

Chester1

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When in my first post in the thread I asked about identified reasons for the decline in visitors, most early answers identified a combination of rising operating costs and therefore fares plus falling disposable incomes leading to frustrated demand: that the issue was people still wanted to visit heritage railways but were finding it harder to afford rising fares.

The later answers are suggesting that the problem is a fall in interest in visiting heritage railways regardless of the cost, rather than frustrated demand.

Another thread discussed whether the declining numbers of people with personal memories of steam in service might lead to more interest in older diesel traction, and the majority of 'insiders' replied that steam remains the big attraction even with those who never saw it in service.

Does anyone know of any systematic market research into these sorts of issues? Do fewer people take an interest, or is cost the big problem? Do older visitors come to see trains like those they recall from their youth, or to see steam even if they never saw it as children?

I think its a mixture of both increasing price and shrinkage in size of the main groups of customers.

I suspect that one reason that preserved railways and other heritage attractions see a much smaller percentage of visitors with an immigrant background, is that they identify less with this country's heritage. It is noticeable how few walkers and hikers you encounter with an ethnic background, for example.

Hiking is an example of a pass time that emerged in Europe during the latter stages of the industrial revolution that created very long term trends in behaviour and they tend to be passed down. Another example is going to a specific sea side holiday resort e.g. Blackpool, Scarborough and Llandudno. I digitised old family photos during the pandemic and realised there are photos of my great grandparents visiting the same place I went to over 100 years ago and I suspect the habbit pre existed photoboths. They are now weekend break destinations but the habbit is still there. I have noticed Llandudno has had a significant increase in ethnic minority tourists in the last 10 or 15 years and I think there is a massive lag between moving to the UK and taking that kind of holiday. Caravaning is another example. There was a lady that got an MBE or OBE a couple of years ago for forming a hiking group for black women. There isn't a barrier to black women hiking e.g. racist abuse, its just seen as a white person thing and her award reflected that it was big encouragement of integration. Its been an eye opener introducing my wife to some aspects of British culture. Some of our leisure past times are frankly a bit odd when you take a step back.

I haven't heard of any market research on this topic - if there is I think it would have been brought up in one of these threads, but so far it's been mainly anecdotes and speculation, which absolutely has its place but perhaps isn't enough to justify all the doom and gloom we're seeing.

Heritage railways are often litterally amateur organisations and a lack of market research in the public domain doesn't surprise me.
 

Krokodil

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I have noticed Llandudno has had a significant increase in ethnic minority tourists in the last 10 or 15 years
I suspect that it's now Insta-famous. A lot of Japanese tourists in their early 20s make day trips by train from Manchester or Liverpool
 

NER1621

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This thread is a useful reminder of the phrase “the plural of ‘anecdote’ isn’t ‘data’”.

So, my anecdotage: what enthusiasts think about the appeal of heritage railways is largely irrelevant to their financial viability as enthusiasts are a tiny proportion of visitors to heritage railways (but they make the most noise in online forums). Heritage railways are in the general leisure market: most people haven’t seen a significant rise in their personal disposable incomes since 2008 and the UK’s economy is limping along under the pressures of an increasing age profile, low investment and productivity, Brexit and the uncertain international situation.

For several years people could ride this out, but now large numbers of people are feeling the pinch and they are cutting back. Heritage railways cost a lot to run and are a relatively expensive day out. It’s no surprise that they are seeing their finances hit. Just like museums, National Trust and English Heritage, all of which have seen previously-unheard of closures and redundancies in recent years.

Getting the basics right (clean toilets, clean carriages, decent catering, friendly staff) will help, but it’s basically an economic/disposable income problem.
 

kje7812

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Don't heritage railways engineer with little £1 add ons for most ticket sales to be donations, to claim the gift aid?
Some do, plenty don't. Dependent on the charitable status of the railway in question. Talyllyn and NYMR for instance do. Others like SVR, GWSR, bluebell and KWVR don't.
 

Magdalia

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One of the things that I wish that I had paid more attention to when I was at work is the interaction between economics and demography, and it has been a recurring them in this discussion.

The other thing that strikes me in this discussion is trying to separate the economic and demographic changes that are affecting lots of businesses from those that have a specific impact on railway preservation.

Starting with demography, here is an interesting article on the ONS website. It is more than 10 years old now, and the coverage is England and Wales, but it does show most of the relevant information, including some pictures that are worth a thousand words.


Across the twentieth century the number of live births have fluctuated, with sharp peaks at the end of World Wars 1 and 2. Live births peaked at near post-war levels again in 1964 (875,972 births), but since then lower numbers have been seen. The lowest recorded annual number of births in the twentieth century was 569,259 in 1977.

The sharp peak in births at the end of World War 2 is particularly significant, and I call it the 1946 effect. There was a big spike in births in 1946: those babies were 12 at the start of implementation of the Modernisation Plan and 22 when steam ended on BR. They are now 79.

The peak in the birth rate in 1964 is also significant. Those babies were 12 when the Westerns were withdrawn in 1976, and 24 in 1988, when the sprinter invasion was at its peak. This age group are now getting near to retiring or retired already. They are the UK baby boomers, and not to be confused with the USA baby boom which happened much more quickly after the end of World War 2.

The number of births to women born outside the UK has risen every year since 1995, with a marked rise since the turn of the century. Previous analysis using 2013 data shows that the European Union (EU), excluding the UK, represented 8.7% of all live births. Births to mothers born in one of the 13 countries that have joined the EU since April 2004 represented the majority of these births (6.1% of all live births). Mothers born in the Middle East and Asia contributed 9.5% of all live births while mothers born in Africa contributed 5.2%
I would be wary of reading too much into this, and I'm going to stray into anecdote to explain why. I have 3 nephews, only one has had children so far, but all of 3 of them have partners born in the EU excluding the UK. For railway enthusiasm, the National origin of the father is likely to matter a lot more than the National origin of the mother.

Moving onto economics, much of what is being discussed here are changes in costs that affect lots of businesses. In the particular cases of the minimum wage and Employers' National Insurance, volunteering insulates preserved railways from the full effect of these felt by other businesses. On the other hand the price of coal does affect steam railways more than most businesses.

But the general economic situation does matter too, because it affects demand. Large numbers of people have their economic decisions constrained by the "cost of living" crisis, and this impacts hard on families with children.

In a different part of the economy, the economic behaviour of seniors has changed as a result of covid. A good example of this affecting the wider economy was recently in the buses section of this forum: the sector of bus travel that is still furthest away from recovering to pre-covid levels is ENCTS, seniors bus passes. And that's despite the travel being free to the user.

This matters for preserved railways because one group of preserved railway customers often ignored by enthusiasts is the coach party, with a clientele dominated by seniors. In this part of the world Richmonds of Barley are a big player, running about 200 day trips per year. I have checked the 2025 list and it only has 6 preserved railway trips, 4 to the North Norfolk at £46 and 2 to the Bure Valley at £49. I don't know how this compares with before covid, but it doesn't strike me as a big number of trips.

Broadly speaking my conclusion is that the economic impacts are not specific to preserved railways, but there are some predictable demographic trends that hit preserved railways in some quite specific ways, because of the way that demography has correlated with significant events in railway history.
 

Krokodil

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One new market that has expanded alongside the traditional coach tours is cruise ships. The Welsh Highland now gets coachloads of cruise passengers from Holyhead. The Chemin de fer du Viverais (which has been seriously threatened with closure in the past) gets river cruise passengers from Tournon.

Talking of the Viverais, one income stream they (and many other French and Belgian railways) have now is velorail. For some reason this has never really taken off in the UK. The operating costs must be very low, surely there's a gap in the market.
 

Belperpete

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An intermediate step could be some kind of recipricol arrangement where preserved railways gave members of other preserved railways something close to the same benefits as their own members? However many preserved railways have quite cheap membership with relatively minor benefits?
Something like the HRA pass do you mean? Active volunteers can get it reasonably cheaply. A more expensive version is available to anyone else.
 

gingerheid

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Something like the HRA pass do you mean? Active volunteers can get it reasonably cheaply. A more expensive version is available to anyone else.
! I had no idea there was such a thing, despite looking for it a few years ago!

Edit: I've looked at their website and I'm still not aware of it. How much is it? Who can get it? How does a normal person get it?
 

martin butler

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I was always of the opinion that only working members of heritage railways and museums could apply for the HRA pass, I never thought it would be available to anyone, unless you included people that once were working members but now are no longer active in the movement?
 

BlueLeanie

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So which ones are surplus?

I'm in Thame so we have the Chinnor & Princes Risborough, Didcot, Quainton, and Wallingford near me.

Would it be more resilient for the heritage, and less hassle for HS2 if the entire Quainton Road site were moved to a Thame Industrial estate, and they funded the rebuild of the line to Princes Risborough? So you'd have a fairly unique 'V' journey to Risborough then Chinnor.
 

Belperpete

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! I had no idea there was such a thing, despite looking for it a few years ago!

Edit: I've looked at their website and I'm still not aware of it. How much is it? Who can get it? How does a normal person get it?
The pass costs £42 a year for working volunteers and staff. Other people have to become a Friend of the HRA, which costs £25 a year, in order to apply for the pass. However, looking at the HRA website, it appears that they have paused accepting any new applications for Friends and Friend passes whilst they make some changes to the scheme:

Friends of the HRA

I suggest that you Keep an eye on their webpage. As membership runs from March to March, I suspect that they may not restart the scheme until next year.
 

tram21

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The early teenagers just don’t seem to be there - too busy playing with computers or into sport I suspect, or they prefer to pester their parents to take them theme parks like Alton Towers.
Naturally they don't visit alone, as they don't (and probably never have or will) visit museums, theatre, classical concerts etc, unless you have a specific interest in those things.

However I'd say families with older children/teens isn't unusual, especially in school holidays, but there are probably quite a lot of demands on their time so don't visit much!

They prefer to pester them to go to Alton Towers... well there is probably more that attracts a younger audience there, and however much I love visiting heritage railways, there's probably more excitement at Alton Towers!! But I don't think most heritage railways are competing with Alton Towers really!

But it's always nice to see families with older children visit, and they always seem to enjoy their day.
 

HOOVER29

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It’s easy to go on line & find out what’s running at a line like the SVR or GCR on any given day.
I’ve no interest in steam, it does nothing for me, I’m diesel only.
For instance I was looking at going to the SVR on Tuesday, a 140 mile around trip for me, however a Western is booked (D1062 I think) which I’m not going to bother with as it’s not booked to run until 12:30.

With fuel,food & entrance fee not far off a £50 spend I like to pick my days when I go.

The GCR is a 20 min drive from me but unfortunately no service is running on Tuesday.

The Battlefield line is 5 mins from me & is running the heritage DMU.

Nope, I shall save my money this time & just probably go lineside with the camera somewhere local like Elford or Polesworth area
 

kje7812

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It’s easy to go on line & find out what’s running at a line like the SVR or GCR on any given day.
I’ve no interest in steam, it does nothing for me, I’m diesel only.
For instance I was looking at going to the SVR on Tuesday, a 140 mile around trip for me, however a Western is booked (D1062 I think) which I’m not going to bother with as it’s not booked to run until 12:30.
D9551 and 46045 also in use as due to fire risk only steam in use.
 

Chester1

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I suspect that it's now Insta-famous. A lot of Japanese tourists in their early 20s make day trips by train from Manchester or Liverpool

I was thinking more of Brits of South Asian ancestry. There are definitely some young East Asian tourists too.

I noticed the H&L railway in Lake district had a diverse range of passengers and that East Lancashire Railway has broadened its ridership too. I have been on other heritage railways were my wife was the only non white person in the carriage or even train and it did make me think what is their passenger base going to be in 10 or 20 years time. A ridership that is overwhelming white baby boomers will shrink rapidly over the next few years. It won't take much reduction in passenger numbers to make the most marginal heritage railways unsustainable.
 

duffield

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I though you would have included the WSR as one of the big ones? I would say there is a big 8 (if we are including standard guage railways) the 4 you mentioned, the WSR, ELR, GWSR and MHR.

Is an 18 mile railway with double track sections going to be viable in the long term for the GCR?
The problems I see with the GCR reunification/extension are
  • Not much "heritage" on the northern section - no stunningly preserved period stations, unlike the current GCR.
  • Northern terminus is quite a long way out of Nottingham - I live in Nottingham and it's just as quick to get to Loughborough and walk from the national rail station to the GCR as it is to get a bus out to Ruddington (and the buses only run to the GCR(N) station on Sundays).
  • A full line journey will probably be too long for smaller children and some non-enthusiast adults
  • Awkward reversal needed to access Ruddington station
On the other hand, it gives the opportunity for railtours and plant to access the GCR, and Rushcliffe country park (where Ruddington station is located) is an attraction in its own right with the attendant parking and facilities.

I'm not sure how it's going to operate, but I can imagine the northern part of the line maybe running mostly as a DMU feeder service for the steam services on the current GCR, with occasional through running. I don't suppose there's any official word or good quality rumours about likely service patterns?

== Doublepost prevention - post automatically merged: ==

...

So, my anecdotage: what enthusiasts think about the appeal of heritage railways is largely irrelevant to their financial viability as enthusiasts are a tiny proportion of visitors to heritage railways (but they make the most noise in online forums).
...



I don't think enthusiasts are largely irrelevant financially. For example, during the season when most railways are running, I probably visit one every two weeks, so maybe 20 visits a year, always buying a full price rover ticket and spending maybe £20 on the side. A non-enthusiast won't tend to average even one per year. So I'm "worth" at least 20 non-enthusiasts to the the heritage railways collectively even though I only take up one seat at a time!

I may be at the extreme end of the number of visits, but I think the point stands.

That's not to say that heritage railways should be bending to the (often expensive) whims of some enthusiasts though!
 
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frankmoh

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I will be at the Spa Valley Railway (the other SVR :D) I think 1 adult all-day ticket for £16 is quite a cheap price for a heritage railway, especially considering the other Wealden line heritage railway of the Lavender Line with £15 for an all-day ticket. (and a considerably shorter length)
 

Chester1

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The problems I see with the GCR reunification/extension are
  • Not much "heritage" on the northern section - no stunningly preserved period stations, unlike the current GCR.
  • Northern terminus is quite a long way out of Nottingham - I live in Nottingham and it's just as quick to get to Loughborough and walk from the national rail station to the GCR as it is to get a bus out to Ruddington (and the buses only run to the GCR(N) station on Sundays).
  • A full line journey will probably be too long for smaller children and some non-enthusiast adults
  • Awkward reversal needed to access Ruddington station
On the other hand, it gives the opportunity for railtours and plant to access the GCR, and Rushcliffe country park (where Ruddington station is located) is an attraction in its own right with the attendant parking and facilities.

I'm not sure how it's going to operate, but I can imagine the northern part of the line maybe running mostly as a DMU feeder service for the steam services on the current GCR, with occasional through running. I don't suppose there's any official word or good quality rumours about likely service patterns?

The Ffestiniog and Welsh Highland railway model of range of named services for different markets might be a good option. Their fare and timetable reform has been highly controversial but it has secured the future of their lines during a period of huge financial pressure. That is the number one job of their leadership despite what some enthusiasts might wish. Diesel only on off peak days is a tactic of many of the smaller railways and again it isn't often popular but its better than no service. Maybe the a united GCR can combined aspects of both options.
 

Tom B

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I wonder what tourism figures are like for the general industry? Was there not a slight peak during 'covid' (let's say, the summers of 2021/22) as people were less inclined to book a holiday overseas; perhaps followed by a dip as people went away to 'make up' for being unable to do so?

A few things as a sporadic visitor who visits occasionally.

Personally, a reasonably intensive timetable is preferred over a more limited number of operating days. If I'm travelling alone, and there isn't all that much to do or see at the stations, I would rather spend a short amount of time and be back on a train. A gap of 90mins means I'll likely not get off. I realise that if you're in a group, or with children, then that time may be useful to visit the cafe etc.

On the other hand, I do like "non-gala" days as I prefer it slightly quieter. Also why I tend to visit outwith school holidays.

Operating like a polished tourist attraction with good service is important for money in the till. A couple of years ago I popped into the NNR station at Sheringham, as I was in the town for a day, and fancied a trip. The booking office chap told me that the only way of travelling was to 'buy a compartment', as they were selling tickets by the compartment not by the individual - at a price clearly impossible for one person to purchase, but targeted at families. I was a bit gobsmacked, asked if there were any open coaches (no) and pretty confused. Anyway, headed to the buffet to get a drink and plan something else to do, got chatting to the counter staff, they then said that it was actually possible to get a single fare on the DMU which was on the opposite diagram - which I ended up doing. However, an example of how people can be put off pretty quickly and turned away! (I re visited last year and fortunately this has been abandoned now).

I normally pop over to the EOR once a year, it's only about half an hour by road (...albeit 2h 45' by public transport). I wonder how their figures are doing - it's not an area with much tourism-wise, but it isn't near any other lines really.

I don't mind getting an expensive tin of pop and cake from the cafe, buying something from the gift shop etc, but then again, I see it as money going to a good cause.

As to volunteers. This will become a real issue in the coming years. The current generation of retirees were able to retire between 60-65 (and some even earlier); this will definitely not be the case in the future, so even if somebody wants to help out, they will still be working full time until their late 60s.
 

Peter Wilde

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Particularly hard to predict the future at the moment. With AI; a world becoming dominated by sentient AI; re-armament and possible nuclear war; etc etc, all a non-negligible possibility. Who can say whether there will ever be any return to the old normality, with prosperous families having spare cash and loads of free time? That is a much more serious issue than the falling/rising % of people who happen to like heritage trains.

Will the future be widespread poverty and no free time for volunteering, or the opposite?

All the heritage lines can do at the moment is try hard to attract more customers and try even harder to cut costs. And then wait and see.

Selling off precious, laboriously restored assets may not help much. If the economy has tanked, there may be nobody wanting to buy them for any sort of price that would bring in enough money to be any use (though buildings, land etc would be less affected than, for example, rolling stock).
 

duffield

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...

Operating like a polished tourist attraction with good service is important for money in the till. A couple of years ago I popped into the NNR station at Sheringham, as I was in the town for a day, and fancied a trip. The booking office chap told me that the only way of travelling was to 'buy a compartment', as they were selling tickets by the compartment not by the individual - at a price clearly impossible for one person to purchase, but targeted at families. I was a bit gobsmacked, asked if there were any open coaches (no) and pretty confused. Anyway, headed to the buffet to get a drink and plan something else to do, got chatting to the counter staff, they then said that it was actually possible to get a single fare on the DMU which was on the opposite diagram - which I ended up doing. However, an example of how people can be put off pretty quickly and turned away! (I re visited last year and fortunately this has been abandoned now).
...

I'm guessing the "buy a compartment" thing was a covid legacy that maybe outstayed its necessity.

As you say, now abandoned, there was nothing like that when I visited. The late morning steam service was well crammed though, but luckily I was targeting the DMU service (for the front view).

On the post-covid front one thing that slightly annoys me is that a couple of railways have never removed the ugly (and likely totally ineffective) perspex divider screens from their open coaches. They do spoil the heritage atmosphere a bit (although they don't stop me travelling!).
 

billh

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Do we really need heritage railways?* Last week I was on a now " heritage" class 150 to Manchester Piccadilly .On arrival sat in the siding next to platform 1 was a rather lovely 37 901 "Mirrlees Pioneer" apparently on thunderbird duties. A sixty year old loco doing a 21st century job.
All the Heritage one might need ! :D
* Not a serious question, I support our local heritage line.
 

Tom B

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I'm guessing the "buy a compartment" thing was a covid legacy that maybe outstayed its necessity.

As you say, now abandoned, there was nothing like that when I visited. The late morning steam service was well crammed though, but luckily I was targeting the DMU service (for the front view).

On the post-covid front one thing that slightly annoys me is that a couple of railways have never removed the ugly (and likely totally ineffective) perspex divider screens from their open coaches. They do spoil the heritage atmosphere a bit (although they don't stop me travelling!).
Yes, I think that was possibly the case. I will say actually, it was a lovely trip last year when I visited. The timetable was sufficient to enable a trip-and-a-half to be done easily (Sheringham-Holt-Weybourne, over the bridge then Weybourne-Holt-Sheringham), two different trains, and two layovers at Holt to sample both the buffet and the little display there. Enough to occupy a couple of hours without it having to be a full day or half day thing. I suppose different visitors will have different wishes and the challenge is to attract as many as possible!
 

Mike Machin

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It’s incredibly easy to make comments with hindsight, but I feel that looking back from where we are now, it’s clear that some heritage railways overstretched themselves by extending.

Money which could have been put on deposit, invested or spent on improvements to the infrastructure that they already owned was instead, spent on costly infrastructure extensions. Unfortunately, two or three decades after taking these decisions the heritage railways market has changed. There are far, far fewer enthusiasts who remember steam for whom a decent long run was often a pre-requisite for visiting a steam railway.

Families and leisure visitors in the main want state-of-the-art facilities - toilets, wi-fi, online ticketing/apps clean efficient catering etc, coupled with beautifully-presented old world charm.

They want plenty of ‘entertainment value’ - an interactive visitor centre, a clean, tidy museum to view the locos and rolling stock which is not in use, with these items presented painted and polished with informative and interesting interpretive displays. They would like to be able to visit a signal box a nicely restored but out of use box where they can have signalling explained and pull a few leavers and ring some bells would be ideal.

A play area when kids can run around and ‘let off steam’ would be appreciated by most parents, and this could be railway themed. A model railway would make an interesting diversion for young and old alike.

The highlight of course still needs to be the train ride, but families and general visitors, particularly those with children, don’t want to spend an hour in a tatty MK1 or MK2 trundling along. A journey of say five miles or so is sufficient, but the coaches, even if they are BR Standards, need to be spotless, with clean vintage moquette and some period advertising etc.

Some railways of course are fortunate with their locations, but I feel long-term it’s the shorter lines with nicely presented stations and rolling stock, such as the K&WVR, Isle of Wight Steam Railway, South Devon, Didcot etc which will have the greatest potential to adapt and thrive to ensure long-term future viability and success.
 

Yew

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I’ve no interest in steam, it does nothing for me, I’m diesel only.
One thing I did notice when I first started going to heritage railways as an adult was that typically the combination is "some locomotive, and a rake of Mk1s" meaning that realistically, there isn't much difference between the experience once you're in the train.
I had been hoping to see some Mk2s, or pre-nationalisation coaching stock. These days, HSTs are even game. I think a large part of what we see is trying to cash in on a nostalgia for the 1960's, that many people these days simply were not alive to have.
If I were looking at building a new station or had a station that was built specifically "for" the heritage effort, I would seriously be considering a 1980's theme for it.
 

A S Leib

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Is there a causation between having a museum beyond just offering rides and a better financial situation? They give visitors a reason to spend more time at the railway whilst – I'd guess – being cheaper to maintain than extra miles of track, and with the advantage of some visitors not becoming bored of travelling after fifteen minutes (or being able to move elsewhere if they do).
 

duffield

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One thing I did notice when I first started going to heritage railways as an adult was that typically the combination is "some locomotive, and a rake of Mk1s" meaning that realistically, there isn't much difference between the experience once you're in the train.
...

There are quite a few heritage railways with some unique and fascinating coaches in current use though. For example, the MHR, the ELR and Peak rail have some very nice examples of wood panelled bar or dining coaches.
 

Belperpete

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It’s easy to go on line & find out what’s running at a line like the SVR or GCR on any given day.
Actually it's not that easy to find out what's running on the GCR if you want to know more than a month or so in advance. Earlier in the year, I was thinking of booking a long weekend in the East Midlands, and to help decide which weekend to pick I thought I would check to see what various lines there would be running. I found that the GCR were only publishing their timetables for that month. And as it was already nearly the end of the month, that wasn't very far in advance.

I think with the current economic uncertainties, the era when lines publish their timetable leaflet for the full year is coming to an end - it is just too risky. You either over-estimate the demand, and waste money running trains that lose money, or you under-estimate demand and lose potential custom. Increasingly, timetables are only published on line, and not for months in advance.

== Doublepost prevention - post automatically merged: ==

Is there a causation between having a museum beyond just offering rides and a better financial situation? They give visitors a reason to spend more time at the railway whilst – I'd guess – being cheaper to maintain than extra miles of track, and with the advantage of some visitors not becoming bored of travelling after fifteen minutes (or being able to move elsewhere if they do).
One function that a museum fulfills is something to keep you occupied while waiting for your train. Even with the most charmingly restored heritage station, it doesn't take that long to drink it all in.

One of the things that makes the GCR one of my favourite lines is all the period nooks and crannies to explore while waiting for the train. Not just the period waiting rooms and refreshment rooms, but things like the parcels and porters offices hidden away under the stairs that you can wander around unsupervised. It makes it a much more immersive experience. Whereas on most other lines doors labelled as Porters, Coal Store and the like are all firmly locked up.

Another function that a museum serves is educational, which is often a condition of getting grants.
 
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