Le Lézard
Classified in: Transportation, Science and technology
Subject: SVY

Parking Reservation Software Releases 2018 Parking Industry Research


TAMPA, Fla., Dec. 13, 2018 /PRNewswire-PRWeb/ -- Leading parking management software provider, Parking Reservation Software, released a Parking Industry report which gathered data from U.S. Parking operators across multiple sectors.

The study revealed that in the U.S. only 49 percent of all parking operations offer customers the convenience of being able to pre-book a parking reservation and only 35 percent can process reservations on their website. As a result, for the vast majority of operators, reservations account for less than 10% of their total business. This is a dramatic difference to major European markets/airports where parking reservations can account for well above 80% of total transactions.

"The findings of our research confirm what we see happening in the industry," says CEO Bill Plamondon. "The US Parking Industry is undergoing rapid change and adopting new technology to meet consumer demand. We see it in the number of new RFP's looking for software systems that drive online reservations. In fact, major U.S. operators are upgrading both software and hardware to cash in on consumer demand. Those who don't, will be left behind."

The research was drawn from parking management companies, large public facility operators, private operators, and other parking professionals. Data from the study reveals:

For the operator, offering parking reservations improves cash flow and operational efficiency, creates marketing opportunities, and facilitates revenue management best practices such as variable pricing structures, demand pricing, and future demand projections.

This study underscores the potential for parking reservation software to transform the U.S. Parking Industry as operators look to meet consumer demand for more parking options, convenient and simple ways to book reservations, and efficient parking processes. With the U.S. Parking Industry already in transition, the study projects even more significant changes over the next two to three years.

For more insights from the study, click here.

About Parking Reservation Software
Parking Reservation Software is a scalable parking software solution for privately owned or government entity parking operations. Built to help operations run smoothly, increase reservations through marketing services, and enhance customer experience, Parking Reservation Software is a plug-and-play, real time, comprehensive solution for any size parking operation. See more here.

 

SOURCE Parking Reservation Software


These press releases may also interest you

at 12:55
Institute for Supply Management® (ISM®) has selected the 2024 recipients of the R. Gene Richter Scholarship, an award presented annually to the top supply management students from across the United States. Recipients were determined based upon a...

at 12:47
Today aviation attorney Mark Lindquist filed a lawsuit on behalf of a victim of an in-flight sexual assault committed by a Delta Air Lines employee. Delta and its employee Duane Brick are defendants in the suit, which was filed in King County,...

at 12:45
Precision Products, a woman-owned small business in Dalton, Georgia specializing in machined parts for the Defense and Aerospace industry, welcomed U.S. Congresswoman Marjorie Taylor Greene (GA. 14th district) on a tour of its facilities. The visit...

at 12:15
The "Global Armored Vehicles Market - 2024 - Predictive Market Outlook for 2024 - Key Trends, Strategic Insights, Growth Opportunities & Market Outlook" report has been added to ResearchAndMarkets.com's offering. The Global Aerospace & Defense...

at 11:50
PenFed Credit Union, America's second-largest federal credit union, today announced it joined with the Porsche Carrera Cup North America to become the presenting partner of the final two races in the 2024 championship. PenFed will join the...

at 11:39
Automotive Aftercare Franchise Launches Partnership with Born In Detroit & Mission 22, Unveils Museum Exhibit    Ziebart announces a partnership with Born In Detroit Apparel, LLC, with a specially-branded clothing line available for purchase and all...



News published on and distributed by: