Market Watch Weekly: State of the Parking Industry, May 27
Updated: May 30, 2020
* Data from 500 randomly selected parking garages, 500 on-street parking zones/blocks, and 400 surface parking lots across USA.
Nationwide Year-To-Date Stats compared to 2019 same date
US Off-Street Commuter Parking Activities: -59%
US Off-Street Visitor Parking Activities: -77%
US Off-Street Visitor Parking Revenue: -78%
US On-Street Visitor Parking Activities: -68%
US On-Street Visitor Parking Revenue: -70%
US Online Parking Demand Indexes - Powered by Smarking's Partner, Arrive
A contactless, digital parking experience is critical during and post COVID-19 pandemic. Online parking data may signal the market recovery faster than offline, drive-up data. Our partner, Arrive has made stats available by sampling 3500 locations in 15 top US markets, using Jan 2020 demand as the market norm baseline.
YTD US Online Parking Searches Index: -64%
YTD US Online Booking Parking Revenue Index: -71%
YTD US Online Booking Parking Transactions Index: -68%
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