The emergence of the online parking marketplace.
Parking is an
inherently transient activity in which most drivers don’t think about parking
until they’re in their vehicles headed to their destinations. However, a few
types of parking do seem to have tipped with regard to pre-planning and
pre-booking.
One type is “event
parking,” or securing a space
that is tied to a particular pre-planned activity with known start and end
time, like a sporting event or theater performance. This type of parking
activity now happens whether the parking space is at the actual venue itself,
or simply nearby. Another is “airport parking,” an instance when a driver also fully knows the parameters of his or
her parking duration.
These types of pre-booked parking events make
sense for the driver, who gets cost certainty and the benefit of guaranteeing a
parking space amid a potentially stressful trip. But they also make sense for
event parking operators, many of whom open solely to supply parking for those
events. They can premium-price their guaranteed spots and improve their asset
utilization without interfering with any regular drive-up customers.
Historically, daily and monthly off-street
parking, which makes up nearly half of all parking revenue in the U.S., has
been left out of the pre-booking game. However, this type of parking
transaction is becoming a much larger part of the online marketplace, with the
growth of smartphone usage.
Another factor that should aid expansion of this
type of pre-booking is garages being able to accept mobile parking passes, the
kinds that live on your smartphone until you arrive at the garage and open the
access control gate.
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