Together with our clients, we have developed an innovative solution that enables dynamic pricing for parking spaces. Thanks to the integration with MEWS, we can calculate a specific Forecast for parking spaces, ensuring you always have full control over prices and availability.
When demand for parking spaces is low, prices are automatically reduced to encourage additional reservations. Conversely, when demand is high, prices are increased based on data insights. This process is fully automated: your pricing strategy is translated into rates that are sent directly to MEWS. However, we understand that maintaining control is essential, which is why the Parking Rate Calendar gives you the flexibility to manually adjust prices, lock rates, or implement changes that are instantly communicated to MEWS.
This functionality goes beyond simple automation. With an additional RevControl environment specifically for parking spaces, you gain access to a comprehensive dashboard in a multi-property setup. This dashboard provides insights into reservations, historical data, and pick-up trends, ensuring you always have accurate and reliable information. Additionally, RevControl calculates a Forecast for parking spaces every fifteen minutes for up to a year in advance, allowing you to stay ahead of fluctuations in demand.
Dynamic pricing for parking spaces opens the door to growing revenue streams and helps you maximize the potential of your available capacity. Whether it’s a busy weekend or a quiet midweek period, this feature ensures that your parking spaces are always priced optimally to match market demand.
But that’s not all. Thanks to the MEWS integration, you can also dynamically price other services such as bike rentals, workspaces, and meeting rooms. This allows you to elevate not only your parking management but your entire service offering. Ready to embrace this innovation? Contact us today to discover what dynamic pricing can do for your property.
