Car Park Revenue Optimization

Car Park Revenue Optimization is a demand-driven dynamic car park pricing & analytics system for car parks in an airport or even in Malls or Parking Zones.

Car Park Revenue Optimization

Problem Statement

  • To Maximize Car Park Revenues by Optimizing Car Park Occupancy and Pricing

Solution

Solution

  • Predicts and recommends future price every day for few days ahead based on historical data analytics, algorithms and business rules
  • Provide ongoing basis monitoring and remodeling of algorithms for model optimization
  • Provide workflow process for price approval and override decisions to the user
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Value Proposition

Value Proposition

  • Enables maximum revenue by optimizing car park pricing and hence optimizing car park occupancy

ROI

ROI (Business Case)

  • 5-10 % improvement in monthly car park revenues within 6 months of system go-live