Improving Your Bottom Line: Strategies to Increase Revenues and Reduce Expenses through Touchless Parking Solutions

Over the past two years parking operations across the country have had to deal with significant reductions in revenues. The pandemic has caused more people to work from home, fewer people to go out to restaurants or events, moved university students and even hospital patients (for non-emergency appointments) to virtual settings, and more. There isn’t a sector of the parking industry that hasn’t been affected by the dramatic reductions in parking demand, and the resulting impacts to revenues.

As we continue to look forward to a society that is as close to normal as we can, parking owners and operators are looking for ways to restore their bottom lines. The ParkEngage suite of touchless parking solutions offers numerous benefits to help parking owners and operators increase their revenues and reduce expenses. Check out just a few below:

  • Touchless Parking
    • Eliminate paper tickets and associated costs.
    • Create a more convenient and comfortable experience to generate return customers.
    • Attract transient parkers seeking a seamless, touchless parking experience over facilities that require a mobile app or account to access.
    • Reduce staffing overhead by creating a touchless entry/exit experience.
    • Generate customer loyalty by integrating add-on services.
  • Aggregator Management
    • Reach a wider market of prospective parking patrons.
    • Harness opportunities to partner with nearby businesses.
    • Generate new revenue streams.
    • Implement dynamic pricing to maximize revenues and attract new customers when parking is available.
  • Promotions
    • Understand customer behaviors through data analytics.
    • Tailor and launch targeted promotions to attract new visitors.
    • Implement promotions, benefits, and more to increase customer loyalty and encourage return visits.
  • Permit Parking
    • Reduce costs of equipment through mobile ALPR technology.
    • Increase parking compliance, encourage permit purchases, and automate payments.
    • Eliminate costs associated with tickets, hang tags, or hardware.
  • Online Reservations
    • Increase revenues by attracting new business.
    • Enhance sales by integrating with real-time parking availability.
    • Improve customer loyalty.
    • Enable dynamic pricing to maximize revenues.

Contact us to learn more about any of these solutions, or to set up a demo or free trial.

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