Client Reviews
“IDeaS has helped us on our modernization journey through revenue and commercial management. From helping us understand how best to use our parking facilities to leveraging marketing and helping us evolve, IDeaS brings key insights and knowledge to help us succeed. The company has the most sophisticated analytics in the airport parking industry.”
Our Parking Revenue Management System Helps Managers Enjoy the Ride
In a rapidly changing travel landscape, staying ahead of your competitors and being responsive to customer demand is crucial. IDeaS offers a parking revenue management system that empowers you to optimize pricing for pre-booked parking, driving revenue growth.
Make every parking space count
Efficiently manage revenue per available space by dynamically adjusting prices based on demand. With accurate forecasts and the ability to predict space usage, you’ll optimally employ your parking spaces and minimize underutilization.
Respond to a dynamic market
You’ll be able to react quickly to forecasted market shifts, such as potential demand changes or increased competitor prices. This allows you to strategically address diverse market segments, while keeping long-term revenue in mind.
Monitor performance in real-time
You’ll gain real-time insights into key performance metrics such as occupancy rates, revenue, and customer behavior via comprehensive dashboards and reports. This helps you optimize your revenue generation strategies, track performance, and identify trends.
How Does Your Role Impact Car Park Revenue Management?
Using AI and time-saving automation helps you forecast demand and set prices optimally. You’ll easily make informed pricing decisions and optimize demand across parking facilities.
Easily align commercial and guest experience strategies using data insights to boost revenue and plan more effectively. Leverage data to maximize parking revenue.
Maximize the value of your parking business through AI, automation, and integrated technology solutions. By leveraging predictive analytics to adapt to market changes, you’ll optimize decisions and boost parking revenue over time.
Airport Parking FAQ
A revenue management system (RMS) for parking uses historical data, predictive analytics, and AI to optimize pricing and space allocation, maximizing revenue and operational efficiency. It forecasts future parking demand, adjusts rates daily based on demand, and generates detailed performance reports. The RMS segments customers for targeted marketing, integrates with automated reservations and payment systems, and ensures optimal space utilization. It integrates with other systems for seamless operations and offers personalized pricing, including for separate products such as EV charging stations. Overall, the RMS enhances efficiency, customer satisfaction, and financial performance.
Revenue management involves data-driven tactics to optimize product availability and pricing for maximum revenue growth. Increasing parking revenue can be achieved with an automated revenue management system (RMS). An RMS analyzes data to optimize pricing and promotions, ensuring parking options are sold to the right guest at the right time through the right channel. It leverages data analytics to understand customer behavior, forecast demand, set optimal prices, and inform marketing decisions.
The future of airport parking is evolving due to technological advancements and changing traveler expectations. Parking facilities are now using data to manage space more efficiently, offering real-time availability updates and automated payment systems. They are also integrating mobile technology, allowing for reservations and payments through apps. With the rise in popularity of electric vehicles (EVs), airports are installing EV charging stations, which can be included as revenue generating products in your parking revenue management system. Additionally, parking facilities are leveraging data to forecast demand and implement dynamic pricing based on various factors such as day of arrival, length of stay, and booking lead time.