top of page
Free 3-month Access to Smarking's Business Intelligence
Centralize your data and automate processes
Maximize Parking Sales and Profits with Dynamic Pricing
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.
10+ markets
have shown consistent growth in demand and revenue
163% avg
revenue uplift with Smarking's AYM- ranging from $25k - $100k on average
50% avg
increase in occupancy during low demand times
“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
Match your rates with the demand of the market, in real-time
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, we’ve observed YoY revenue growth, annualizing a 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
See how it works
The Fundamentals of Yield Management & Dynamic Pricing for Parking
.png)
How Industry Leaders are Benefitting from Dynamic Pricing
Schedule a meeting (AYM)
Schedule a free consultation
Share This 1-min AYM Intro with Your Team!
You'll be in good company
Featured In
Yahoo Finance
Park News
NBC News
CRE Tech
Tech Crunch
MIT News
BisNow
GovTech
Parking Network
bottom of page