We’ll never look at touch-based interactions the same way and consumers are still consistently choosing isolated modes of transit over public or shared ones. That means more scooters over Ubers and more personal vehicles over public transportation. Sounds like a good thing for parking cars, right? But it also means more work from home, less office building occupancy, and more downtime on the weekends.
The events of 2020 are just the beginning. Going from near-zero occupancy to business rising back to normal levels is not a blip in the long-term timeline. It is the new next.
Parking asset owners and operators can no longer rely on historical trends to dictate how they do business. Our industry is at a turning point where the old paradigm of parking no longer works.
That’s why we outlined the paradigm shift our industry is currently in the midst of. With our value to cities and communities constantly changing, it’s best to be in the know about what you can offer to stay relevant and keep generating revenue.