Uber and Lyft are ruining Parking-southern California

The growing demand for rides with Uber and Lyft was hit hard by income Parking companies, reports the LA Times. Now, firms that provide services for Valet Parking of cars, face a choice: doomed to go into bankruptcy or to look for ideas for additional profit.

The Brandon Helfer, President of Proper Parking of woodland Hills, who came to the California market 6 years ago, said the disappointing statistics:

  • the demand for Valet Parking near Nightclubs fell by 70%;
  • near restaurants 30%;
  • weddings — 25%.

«If earlier in some of the Nightclubs we used to Park 60 to 70 cars per night, but now we are talking about 10-20 machines,» said Helfer.

Another leading company, based in San Diego is Ace Parking reported a decline in demand for Valet Parking near the nightlife of 50% and near the hotels is 25%.

These figures show that more and more people began to get mentioned institutions on the cars of Uber or Lyft, which don’t need to Park near the destination. Thus, night clubs, restaurants and hotels have ceased to be for companies engaged in Valet Parking, reliable source of income. Now the Parking companies are forced to look for alternatives once the heart of the business.

For example, Proper Parking leases Parking areas around Los Angeles. In normal times, they are used for the intended purpose — as a Parking fee, but with the advent of a particular season will shift. In October 9 these sites satisfied the «pumpkin zone» where everybody can buy pumpkin lights (Mr. Jack O Lanterns), and in winter there is trade of Christmas trees (Mr. Jingles Christmas Trees).

Target «hybridity» leased sites, according to Brandon Helfer, significantly increases the profit of his company. One must think creatively, the President believes Proper Parking.

«If your perchatochki not near Staples Center, you need to look for other ways to generate income,» said Helfer.

By the way, by the end of 2018, more expensive Parking for residents of new York.

Source