it will be the frequency that sorts it.
So travelling 10 miles out of the city in order to wait 10-15 minutes less for a train is more convenient than simply waiting for up to half an hour at Coventry station?
Changing at Euston and Totenham Court Rd is 2 changes, 3 trains. Via birmingham International is the same.
Birmingham International and Birmingham Interchange will not be in the same place. They're building a little
gadgetbahn people mover to get passengers between the two stations, the NEC and the airport. International, Interchange and Old Oak Common is 3 changes.
People said that the HS1 fares would put people off but today its full and standing on peak trains wheras the Ashford to London peak trains via Tonbridge are ghost trains until Paddock Wood.
The Birmingham-London shuttles on HS2 will be full of people from... Birmingham. There's a lot of demand between the UK's largest and 2nd largest city, and this will only increase as businesses realise that the West Midlands is no longer a miserable place and the trains are fast, reliable and high capacity. Among those using Interchange station, there'll be travellers from places without a convenient rail connection to London, like Coleshill or Castle Bromwich, as well as people travelling to/from the NEC. Budget airline airports and inflexible railway services rarely go together so I'm not expecting many air travellers though.
If in addition to that, the remaining few seats are filled with people park&riding from the outer suburbs of Solihull or Coventry, who would rather drive out of town and pay a little extra instead of using their convenient local station, that's great, but that's a minority of travellers.
Your HS1 parallels strengthens my point - the trains are full of passengers from Ashford, Canterbury, Medway and Thanet. HS2's equivalents are Birmingham, Manchester, Stoke and Liverpool - places outside of London's commuter zone but with 5-10x higher populations and a leisure travel market that's currently priced off the railway. Birmingham Interchange's HS1 equivalent is Ebbsfleet, which you'd recognise is a bit of a white elephant right now if you saw the empty car parks (it's not useless but far from how busy it could've been).
Why would you have any reservations on a high frequency service taking less than an hour?
I agree it's nuts but it's more or less guaranteed that other HS2 services will be mandatory reservation so I don't see why 3 services an hour, using the same rolling stock and ticketing system as other HS2 services, will be excluded. Even if reservations somehow won't be compulsory, it's likely that nearly all HS2 tickets sold will be advances (based on GBR's proposed fares policy) so there won't be much 'turn up and go' HS2 travel.
For reference, a New Street - Euston anytime return is £197 (£72 for the Off-Peak, with both morning and evening peak restrictions) - they may introduce an anytime
day return post-HS2 but I reckon you have a better chance of convincing the DfT to reinstate phase 2 than to reduce the price of any existing fares.
the budget market will be presumably still catered for on the via Northampton trains.
That is if operator-specific fares will still be a thing 10 years from now, rather than a mix of PAYG for commuter networks and dynamic pricing for nearly everything else. With or without dynamic pricing, I expect fares from Coventry to London on the WCML to be quite a bit cheaper than HS2 from Interchange.
I suppose the 30-40 min time penalty from diverting everything via Northampton may reduce demand even more, which will result in some bargain fares for those with far more time than money, but if post-HS2 you have the capacity to give Coventry a fast, frequent and high capacity London connection while also upping frequencies along the London-Northampton commuter corridor then why not do both? If anything Northampton could do with better Trent Valley connections, not more trains towards Birmingham, though that requires phase 2A.