Revenue management is probably the most promising discipline to leverage parking revenues. Over the last decade, the digitalization of the economy and the growing technological startups’ ecosystem offers new opportunities to segment, promote, and distribute parking offering to fill up the low-demand periods. Dynamic pricing and elasticity on peak dates and hours have rarely been tested for car parks, leaving untouched incredible potential for better profitability. Yield Tactics’ Senior Consultants work alongside your teams and technological partners to analyze your data and show you the best way to implement pricing and distribution strategies to increase income.
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Discuss your needs with a Yield Tactics Principal Consultant on a video call.
Book your date/timeExamples of car parks pricing and revenue management challenges Yield Tactics responds to:
- Fill up strategies for low-demand periods
- Fare positioning strategy in line with budget and competition if any
- Setup fare benchmarking process, templates and automation
- Price elasticity
- Digital opportunities with tech startups
- Revenue management and pricing team audit, health check, training and coaching
- Target new segment customers to increase your revenue
- Teams training to data analysis
- Analyzing client behavior
- Market surveys, SWOT analyses per market segment and property location
- Improve your digital presence
- Data sources accuracy and analysis challenges
- Business Intelligence (BI) solutions implementation
- Guidance on IT systems choices and evolution for Sales, Revenue Management, Pricing and Distribution
- Project management assistance (ad hoc or part-time)
- Organization health check
- Project Management Office (PMO) setup
Our services for parking and space rental companies
Yield Tactics proposes a wide range of service types that can be combined in order to create a tailored solution that perfectly fits your car space business needs, budget and ROI requirements.
Consulting
With 15 years’ average experience working for travel companies of various sizes on 4 continents, Yield Tactics’ Senior Consultants have experienced in their careers most of the pricing, commercial and revenue management challenges you are facing today. Fully operational for consultancy, they have the agility to propose solutions that fit your commercial organization structure and budget.
Advisory
When you have challenging business decision to make, Yield Tactics’ Senior Consultants are available for advisory services on an ad hoc basis, as a long-term partnership plan, or as part of a specific project.
Training
Yield Tactics’ services include professional classroom courses. Our customized training solutions are tailored to your business needs in order to fit your business challenges, internal policies, and geographical area.
Coaching & mentoring
When revenue management and commercial teams struggle with performance, coaching is a powerful tool with extremely high ROI. Conducted online through video calls over a long period of time, Yield Tactics coaching services improve the soft skills and mindset of your teams who are running into difficulty, meeting all the demands of their position, and empowering them to be comfortable and effective in highly demanding work environments.
Yield Tactics’ Senior Consultants transform your people and organization, create processes, establish the best revenue management practices, and maximize value of data and technology so that you gain sustainable, competitive advantages..
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