The Solution to the Parking Waste Problem
Although a system widely utilized on a daily basis, parking is chock-full of costly inefficiencies. This results in significant waste in the form of revenue, time, labor, resources and environmental waste. In the U.S. alone, inefficiencies in our current parking system cause $96 billion of annual waste. Broken down further, $73 billion of this waste is attributed to searching for parking, $20 billion is lost on overpaying for parking and $3 billion is spent on parking fines.
Americans are also losing valuable time due to antiquated parking models. U.S. drivers spend approximately 44 hours per year searching for parking, causing considerable traffic. Studies show that 30% of urban congestion is attributed to vehicles circling in search for parking. This equates to about 930 million gallons of gasoline and 19 billion pounds of carbon dioxide emissions annually.
So why not build additional parking assets to resolve these issues? Currently there are 8 spaces for every one car in the U.S., yet even with this ample amount of space, 50% of urban parking assets don’t reach capacity. Building parking infrastructure is also extremely expensive. For example, in L.A. one parking spot costs developers at least $50,000 to build. Not to mention additional expenses associated with parking meters, kiosks, gates and parking attendants.
HAH Parking provides an integrated solution to these parking woes. The company developed all-in-one parking management technology designed to eliminate waste and tap into underutilized space in urban areas. HAH provides open access software and a marketplace of parking services to streamline the parking payment, enforcement and management process to provide the most intuitive solution on the market.
Our contactless digital solution removes operational costs of parking entirely. XPay, our SMS parking payment system, facilitates driver payment within seconds via text message. By granting drivers the convenience to extend time with their smartphones, we lessen the likelihood of overpayment. Drivers also receive text reminders warning when their time is almost up, decreasing the probability they receive a ticket and saving them money.
XForce, our AI powered enforcement app, also eliminates the demand for hardware by allowing parking operators to verify a vehicle or administer a citation simply by using their smartphone or tablet to scan a license plate. Our cloud-based parking management dashboard, XControl, gives operators the opportunity to oversee their zones in real time, without any upfront costs or long-term contracts. Not only do we cut costs by replacing hardware with advanced technology, but we also decrease labor costs. There is no need for parking attendants or any physical maintenance, as all software updates occur within the cloud.
XPressPark is the fastest payment system in the industry. We give drivers and parking operators the ability to take action in seconds, whether that be paying for parking or issuing a citation. We capture revenue immediately, with all transactions processed in real time without delay. There is no need to waste time searching for parking, rummaging for cash, or interacting with attendants.
Because our solution leverages preexisting space rather than requiring production of new parking assets, we are completely sustainable. Additionally, we remove the barriers to parking (such as gates) that cause traffic, decreasing vehicle congestion and overall carbon emissions. We are a company committed to driving a greener future for our planet by scaling waste reducing parking systems worldwide.
XPressPark is able to combat all sources of waste within the parking industry. We make the parking process frictionless for drivers and parking managers alike through expanding the supply. By eliminating the need to build additional infrastructure or invest in expensive hardware, we are able to preserve both our environment and the historic charm of our cities.
Be a part of the movement towards sustainable parking. Join today at HAHParking.com
[1] Inrix. (2021, July 28). Searching for parking costs Americans $73 billion a year. Inrix. https://inrix.com/press-releases/parking-pain-us/.
[2] Shoup, D. C., & American Planning Association. (2005). The high cost of free parking. Chicago: Planners Press, American Planning Association. https://www.shoupdogg.com
[3] Daniel Baldwin Hess Professor of Urban and Regional Planning, & Jeffrey Rehler Adjunct Assistant Professor. (2021, June 10). Parking reform could REENERGIZE downtowns – Here's what happened when BUFFALO changed its zoning rules. The Conversation. https://theconversation.com/parking-reform-could-reenergize-downtowns-heres-what-happened-when-buffalo-changed-its-zoning-rules-159683?utm_medium=amplinkedin&utm_source=linkedin.
