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Through the Looking Glass: Where Will Parking Be In 10 Years?
The automobile and its proliferate offspring, the parking lot, aren't going anywhere, anytime soon. Surely, like the rest of society, parking is undergoing the seismic changes that have accompanied the Information Age. But parking is in for disruption, not destruction. In this three-part series, Parking asked experts what the industry will look like in the late 2020s. Read the Special Report >>
Demographic Changes Sweep the Parking Industry
Demography is the study of how the composition and attributes of populations change over time. Populations are ever changing, though changes in demographics are often barely perceptible. Demographics are—and will be—driving major change in the North American parking industry for the next 20 years. Parking leaders, owners and managers will undoubtedly see these changes unfold in their customer base, their workforce and in the overall direction of the industry. Read the Special Report >>
Remote Parking Facility Management
Remote parking facility management (RPFM) is a rapidly growing part of the parking market. In conjunction with pay-on-foot and pay-in-lane devices, a single RPFM command center staffed with just a few trained specialists can monitor dozens of cashier-less parking facilities, resolving most customer issues with the push of a button. Read the Special Report >>
When your parking customer swipes a card, waves a smart phone near a reader or scans a Quick Response (QR) code, both you and the customer are picking the winners and losers in the ongoing fight for control of the payments industry. Read the Special Report >>
The Globalization of Parking
"Just as the rest of the world has learned lessons from the U.S. and Canada, facility owners, managers and planners here can learn much by studying how the rest of the world does parking right… and wrong." Read the Special Report >>
Public/Private Partnerships and the Parking Industry
"In concept, partnerships between public and private entities (known as P3s) have always been with us,” says Tim Walsh, president of Atlanta-based Lanier Parking Solutions (LPS). "Today, it’s just a matter of scale.” Read the Special Report >>
Equity and Venture Firms Find Parking Attractive Asset Class
Like water flowing to the lowest levels, cash is streaming into parking because investors feel it is undervalued relative to market conditions. A confluence of economic factors—historically low interest rates, weak economic growth, and the uncertainties surrounding sovereign debt— are prompting investors to park their money in the industry. Read the Special Report >>
How To Improve Your Insurance Risk Rating
Next to generating revenue, saving money by reducing costs, is a key component to running a successful business. One way to save money is by improving your company’s insurance risk rating, which will result in lower rates and paying less for coverage. For parking companies, there are five main components that will reduce your losses and thereby improve your risk rating: best safety practices, best hiring practices, best training practices, best claims management practices, contracts. Read the Special Report >>