Car Park Revenue Management System (CPRM)

Maximize revenues by optimizing car park utilization
Home > Overview – Airport Analytics Solution > Car Park Revenue Management System (CPRM)

Overview – Car Park Revenue Management System

Airport Analytics (AA+) Car Park Revenue Management System (CPRM) is a demand-driven dynamic car park pricing & analytics system for car parks in an airport or even in Malls or Parking Zones. CPRM not only recommends and applies optimal pricing but also provides critical data-driven insights to maximize revenue and management control, for both pre-bookings and drive-ups.

Airport Analytics (AA+) Car Park Revenue Management System predict and recommends future price every day for few days ahead based on historical data analytics, algorithms and business rules. Data visualization is done through dashboards and reports with various features and functionalities like Filters for Terminal, Car Park, Time period selection, Scorecards , Drill downs, etc.

Does demand exceed your car park capacity? Or the other way round? In either case, get the price right!

Download Brochure

Challenges in Maximizing Airport Car Park Revenues

With decline in aeronautical revenues, airports are increasingly becoming aware of the need to maximize their non-aeronautical revenues to maintain their profitability. GrayMatter‘s AA+ Car Park Revenue Management System is a key contributor towards non-aero revenues. Following are the challenges in achieving high revenues in airport car parks

Car Park Revenue Management System

Why Airport Analytics (AA+) Car Park Revenue Management System (CPRM) ?

Airport Analytics (AA+) CPRM Solution Approach

Historical data processing

  • Uses past 2+ years of historical transactions and reservations
  • Data cleaning – outlier detection, identifying constrained periods & special events
  • Customize demand prediction model according to specific business needs

Decision Optimization

  • Factors affecting demand analysed
  • Historical data as well as recent trends included in analysis
  • Demand models generated for identified demand groups
  • Using business constraints, predictions generates pricing decisions

Monitoring Process

  • Monitors patterns and predictions in a predefined frequency
  • Significant deviations results in alerts and re-modelling activities

Solution Architecture

Car Park Revenue Management CPRM

close
Facebook IconYouTube IconTwitter IconVisit Linked in pageVisit Linked in pageVisit Linked in pageVisit Linked in page