When you’re managing a parking lot that’s used for permit holders and transient parkers, it can be hard to find the sweet spot that maximizes revenue and usage. But there’s a simple tool that can help do it for you. Here’s how it works.
Complex Balance with a Simple Tool
If your parking lot is used by permit holders, you know you can rely on steady usage and occupancy. But overselling permits can affect your bottom line. Too many permit holders translates to less spots available to transient parkers. On the flip side of course, if you leave too much parking open for transient parkers and that space isn’t getting used, it would have made more sense to sell additional permits. At Parking Logix, we have a simple tool to help you find the perfect balance between permit and transient parkers.
Where is Your Revenue Coming From?
In order to maximize lot usage, you need a thorough understanding of where your revenue is coming from. OpenSpace from Parking Logix can give you just that. OpenSpace is an intuitive parking counting system. The intuitive parking platform keeps track of available spots, conveying that data to users through your choice of mediums such as led signage, website, and apps. The system also includes Logix on Cloud, a cloud-based data interface that offers users a lot more than simply parking counting.
Logix on Cloud offers detailed parking data and stats to help you make better informed decisions about how to manage your lot. And of course, how to dedicate parking usage. Facility managers can see clear data on prepaid reservations and transient parking rates. They can use that data to calibrate the ideal balance of permit to transient parking. That way, you can ensure that you don’t have too many open spots during peak times when they could have been filled. Detailed parking data can also help you create differential pricing based on parking needs and demand to optimize revenue during peak times.
At Parking Logix, we know it can be hard to strike the perfect balance to maximize your parking resources. But with OpenSpace, you can make smarter, more informed decisions to make the most of your parking lots.