How the $8 billion parking industry is evolving to stay alive

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

México Noticias Noticias

México Últimas Noticias,México Titulares

The demand for parking garages has yet to recover post-pandemic, so the $8 billion parking industry is finding ways to evolve.

There are between 700 million and 2 billion parking spaces in America — or put another way, between 2.5 to seven spots for every registered vehicle. About 10% of that inventory is paid parking. And for decades, it was a pretty stable business.

The entire parking industry is projected to pull in about $144 billion in 2023. That's a 10% increase over 2019 levels. Yet many in the industry worry about demand declines. Growth is expected to return, albeit slightly and slowly, in part from pent-up demand and adaptations operators are making, including providing services for the growing ride-hailing market and the rise of electric vehicles, such as charging or vehicle maintenance.SP Plus

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX

México Últimas Noticias, México Titulares