Global Parking Recovery In China, Australia, UK, and the US: 2021 Outlook
Updated: Oct 22, 2020
Featuring Tony Jiang, President of Sunsea Parking (China), Anthony Eskinazi, CEO of JustPark (UK), and Stuart Norman, CEO of Parking Australia. Hosted by Wen Sang, CEO of Smarking (U.S.).
Timestamps
0:50 - COVID's impact on the US parking industry and recovery trends
9:36 - Insight from Anthony Eskinazi, CEO of JustPark, on the impact of COVID
17:01 - The current state of transportation and mobility in the UK and 2021 outlook
27:52 - Insight from Tony Jiang, President of SunSea Parking (largest operator in China) regarding the impact of COVID to China's parking market
48:49 - The current state of transportation and mobility Australia
1:01:35 - Outlook on 2021, insight from Stuart Norman
COVID's Impact on the US Parking Industry & Outlook on Recovery
Before COVID: revenue was up +20% YoY for off-street parking
At the start of COVID: -47% down in March and -94% in April YoY revenue change
Parking activity is recovering slowly but surely week-over-week
As of September, parking revenue is down -57% down YoY
Recovery trends differ per region, visit our Market Watch for more granular data
Recovery is happening much faster with online sales channels

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COVID's Impact on Transportation in the UK with Anthony Eskinazi
At the start of COVID, the UK government enacted a congestion charge, charging commuters 15 GBP ($19 USD) to drive into the city
At the height of the pandemic: -90% of parking volume YoY
There are behavioral differences per region: Canary Wharf is pretty much a 'ghost town', parking revenue is down 65-75% YoY. Whereas the West End is only down 10-20% as more people have returned to the office
Current state: Overall, parking volume is 20-30% lower YoY
As of August, JustPark started to see YoY growth. Since there has been a significant transition from public transportation to private vehicles, more commuters are leveraging online sales channels to guarantee their parking