Say hello, the future of parking is here
Automated Demand-Based Pricing
AYM automatically raises and lowers rates based on demand
Proven success - 163% average revenue uplift in over 10 regions
Effortlessly maximize your asset value and revenue
Expected demand +8%
Thursday at 1pm
“ Even if we hired a full-time person just to set fees, we couldn’t post hundreds of rates multiple times a day, let alone develop the number of products and analyze the results the way Smarking’s algorithm does.”
RICK WEST, CEO - MILLENNIUM PARKING
Additional revenue to your bottom line: 163% average revenue uplift
$30-200k/yr per site in additional revenue on a single online channel
For every level of demand, there exists a corresponding, optimized price. Smarking’s AYM system sets a price based on predicted demand, to maximize revenue within inventory and price restraints. Prices are adjusted in real-time as demand prediction evolves.
3-5 unique pricing levels
Minimal pricing variations
(3 hr rate, 8 hr rate, 24 hr rate)
Updated yearly, maybe monthly
Minimal updates may keep your parking assets below the market rate and may cause wide fluctuating demand.
Changes based on:
How do my online rates compare to my drive-up rates?
How do my online rates compare with my competitors online rates?
400+ unique pricing levels
Smarking creates unique pricing for each hour (unique per day) and each duration of stay for that hour.
Updated multiple times per day
Reflects real-time demand changes, ensures your parking assets are at market price, and controls demand.
Price adjustment methodology:
What is the demand for this location?
What price maximizes revenue and occupancy at this garage given this goals, without driving away visitors?
AYM Pricing Method
Watch your revenue increase through AYM
Authorize access to optimize sales channels
Consult with our team and select locations to test
Chat with our team
With our advanced predictive data technology, we can get automated demand-based pricing up and running in as little as 24 hrs. Test it out and see for yourself.
Untap hidden revenue potential at your locations.
By leveraging your locations regional information and allocated spaces, we can forecast the revenue uplift after implementing AYM. Submit your information to get started.