As everyone spends much time on the move, engaged in leisure or work activities, travel time represents one of the largest costs of transportation. Value of Travel Time (VTT) is one of the most developed research area within the studies on value of time.
The Horizon 2020 project MoTiV (Mobility and Time Value) addresses the emerging perspectives on changing VTT. Accordingly, it explores the dynamics of individual preferences, behaviors and lifestyles that influence travel and mobility choices. In other words, what does value of travel time mean for the end users, in relation to their travel experience?
The MoTiV project addresses VTT from the perspective of a single individual with a unique combination of personality, preferences, needs and expectations, in contrast with the traditional viewpoint of the economic dimension (time and cost savings). Its approach aims at achieving a broader and more interdisciplinary conceptualization and understanding of VTT emphasizing its “behavioral” component.
The role and importance of motivational and behavioural factors in VTT research is well recognised, but current VTT definitions and methodologies for its assessment and subsequent recommendations mostly focus on time and cost savings related to the personal “Travel Time Budget” (TTB), the constant amount of time one invests in daily mobility.
Less known is instead what value of travel time means for the end users, in relation to their needs, expectations, and lifestyles: people do not always consider more meaningful or pleasant time that is spent more efficiently or productively.