Recovery is the word on everybody’s mind, and operators are learning on the go as the industry continues its course toward recovering 52% of its pre-pandemic revenue levels by the end of 2021. People have changed their attitudes about transit and parking, and historical revenue models need to change with them. And, no other model is as affected by this major shift as much as monthly parking. That’s why it’s imperative for monthly parking operators to exhibit smart parking management to take advantage of trends, stay relevant, and more importantly, drive revenue.
Smart monthly parking systems can actually help cut costs and boost recovery. We’re in the mobility hub era of parking, and the right monthly parking strategy can keep customers happy while ideally building a sense of loyalty, as well as options for additional services. FLASH A/R, which was built with Parkit’s monthly software, is a complete cloud-based solution that increases efficiency and automation.
Below, we explain how to audit your own monthly parking process to ensure you’re gaining revenue and eliminating outdated or wasteful practices.