Travelling by AVE from Madrid-Valencia or viceversa will cost 79.8 euros in tourist class and 143.7 euros in business class according to a statement released by Renfe this morning.
30 trains will service the route, 15 in each direction out of which 11 will be direct. The trip will take 1 hour and 35 minutes.
Renfe also announced a promotional Christmas campaign. 50,000 places will be guaranteed at minimum price for the trajectory. Tickets have been put on sale and are available via the Renfe website.