Apply the tried and true dynamic pricing methods of the airline and hotel industries
Smarking's Automated Yield Management (AYM) solution updates your parking rates multiple times per day, for each parking property, based on the real-time and predicted demand of the location.
When demand is low, rates become more competitive. During peak hours of demand, rates go up to capture revenue opportunities and control occupancy levels.
have shown consistent growth in demand and revenue
revenue uplift with Smarking's AYM- ranging from $25k - $100k on average
increase in occupancy during low demand times
Effortlessly maximize your asset value and revenue
Parking is an often-overlooked revenue stream for asset owners but the opportunity is significant. An increase of parking revenue by hundreds of thousands of dollars can give an asset value uplift of millions of dollars.
“Since activating Smarking’s dynamic pricing engine at our locations, we’ve observed YoY revenue growth, annualizing a very meaningful NOI and asset valuation uplift.
Our partnership with Smarking helps us deliver competitive investment performance through economic and property market cycles, which is a driving principle here at LaSalle.”
PETER OPOKU, ASSET MANAGER - LASALLE INVESTMENT MANAGEMENT
Schedule a meeting to learn more: $0 upfront
Request a free revenue uplift projection to see if dynamic pricing can benefit your assets.
Uncover the value of dynamic pricing, quickly. Easy implementation with no commitment or upfront payment.