Virgin Trains (formerly Brightline) announced last week that the company is planning to develop new stations in key population centers and destination markets in the Miami area.
The company says that PortMiami, Aventura and Boca Raton are among the stations expected to open, but others are expected as well.
Virgin’s new South Florida stations will come online in 2020, and they are forecast to add over two million additional annual trips to the system.
Two cruise lines have already signed deals to to market Virgin’s new train‐to‐port product, and additional cruise lines are expected to complete deals in the third quarter of this year. The deals are expected to generate substantial incremental ridership and ancillary revenue given Virgin’s connectivity to PortMiami (the world’s busiest cruise port) and the large number of cruise passengers originating from points north of Miami.
Also in the third quarter, Virgin service is expected to become accessible through global distribution systems allowing travel agents to directly book tickets for clients
In a monthly report to investors, Virgin said it raised an additional $1.1 billion in financing in June, including $950 million in bonds and $150 million in equity from the Virgin Trains USA parent company.
A groundbreaking ceremony for a station in Orlando was also held in June, with service there expected to begin in 2022.
For June, Virgin carried 80,094 passengers and generated total revenue of approximately $1.6 million, including $400,000 in ancillary revenue. Average ticket fare for the month was $15.12.