Latest News & Views from the Team

Business

Can Businesses Earn Money From Their Car Park Without Incurring Any Upfront Costs?

The old saying goes that you have to speculate to accumulate, but businesses generally don’t tend to have wads of spare cash lying around to spend on improving their car park. However, what if we told you there was a way to earn more money from your car park without needing to spend a penny in advance?

This may sound too good to be true, but it actually is possible for businesses to earn money from their car parks without splashing out any, or very little, money upfront. In fact, there can be a lot of profit to be made from empty or under-utilised car parking space. This profitable line of revenue can also increase the value of your property and deliver an improved service to customers.

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Business

Can Businesses Earn Money From Their Car Park Without Incurring Any Upfront Costs?

The old saying goes that you have to speculate to accumulate, but businesses generally don’t tend to have wads of spare cash lying around to spend on improving their car park. However, what if we told you there was a way to earn more money from your car park without needing to spend a penny in advance?

This may sound too good to be true, but it actually is possible for businesses to earn money from their car parks without splashing out any, or very little, money upfront. In fact, there can be a lot of profit to be made from empty or under-utilised car parking space. This profitable line of revenue can also increase the value of your property and deliver an improved service to customers.

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Business

How To Prevent Unauthorised Parking And Abuse In Your Car Park

Imagine finding that unauthorised vehicles were being parked in your car park. This would be annoying, to say the least. It’s also a potential source of lost revenue as these vehicles are taking up spaces that could be used by legitimate paying customers.

But what can you do about it?

Your first response may be to consider calling the council. But surprisingly there is very little that your local council can do about unauthorised parking on private land.

Unless the vehicle is blocking a public highway, council officers have no power to move it.

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Products

Parking: Preparing For The Dawn Of The Driverless Car

Driverless cars are no longer the domain of science fiction movies. Autonomous car technology is receiving heavy investment and is already being developed by companies such as Lexus, BMW and Mercedes.

Although your current car is not driving itself around just yet, it’s likely that your vehicle does have some level of autonomy.

For example, the sensors that help to guide your rear parking mean that your car is already on the road towards autonomous parking.

Creating safer, stress-free roads is the ultimate goal with driverless technology.

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Products

Car Park Management: The Untapped Value Within ANPR Solutions

Automatic Number Plate Recognition (ANPR) is widely used around the world by traffic management facilities and police forces. Many private parking companies now use ANPR too. This innovative technology uses cameras to identify vehicle number plates of cars entering and leaving car parks.

The cameras use high-tech algorithms to scan and decipher each vehicle number plate. When a number plate is detected, the image is recorded and stored. Optical Character Recognition (OCR) is used to decode the registration and this is stored along with the date and time that the image was taken. Recording the entrance and exit times of each vehicle allows the length of the stay to be determined. 

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Business

How Car Park Operators Are Increasing Earnings Through Better Revenue Management

Good revenue management can help car park operators increase earnings. But how can you improve the way you manage your car park revenue?

Car park operators could be missing out on millions of pounds of revenue, simply because most car parks are half-empty for a large percentage of the time. Revenue management techniques could help to ensure that you are making the most of your car park’s earning power. The underlying principle of revenue management, also known as yield management, is to sell the right product at the right time and the right price to the right customer.

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Business

The Benefits Of Dynamic Pricing For Parking

Market driven pricing strategies are a way to ensure that parking facilities are performing optimally and providing good value to customers based on areas of demand. Dynamic pricing for parking is one way of matching prices to market demands. Already in use by companies such as Uber, dynamic pricing can be used to maximise revenue and make the unorganised parking industry more efficient.

These types of strategies are used for hotel rooms, rental cars, train and airplane tickets. Customers are often more willing to pay a higher price for the same product at peak times and expect to pay a lower price at times of low demand.

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Products

A Look At The Future Of Parking

Currently parking takes up valuable spaces in our cities and rural areas, as well as providing a source of pollution, congestion and frustration. Everyone will be familiar with the stress of driving round and round seeking out a parking spot in a busy car park or on congested side streets. Searching for somewhere to park your car is not only tiresome, it is also bad for your health.

Drivers who are forced to circle around in their cars for extra time, looking for a parking space, are adding to pollution in the air. They are also adding to the congestion problems faced on many of our city streets. So, what might the future hold for parking?

 

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Business

Why Every Car Park Should Offer A Cashless Payment Option

A recent AA survey found that pay-by-phone parking was not very popular among motorists. But this isn’t necessarily reflected in what motorists are actually doing. One cashless payment service alone has over 10.5 million registered users and is offered in 400 cities and towns throughout the UK.

The majority of car parks that offer a cashless payment option offer a traditional car park ticket machine as well, so that motorists have a choice of paying by cash at the machine or using the cashless payment option. There are many benefits to offering a cashless payment option and this article explains why every car park should offer one.

 

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Business

Q&A With Emily Adenuga, 2019 Young Parking Professional Of The Year

Emily is the Commercial Account Executive at YourParkingSpace and is a leader amongst the team in her field of client and customer relationship building. With a hybrid role balancing customer service and management of penalty charge notices (PCN’s) at our commercial partner locations, Emily’s success at the British Parking Awards came with endorsements from industry giants ParkingEye, Horizon Parking and Komoto Group.

We sat down with Emily over a green tea after her Hollywood entrance into YourParkingSpace HQ as the reigning Young Parking Professional of the Year.

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