The valet parking industry was once a gold mine for more attendants that companies would bid for a right to operate in offices, night clubs, restaurants or hotels. But today’s valet industry is starting to fade its glamour at a rapidly declining pace, that is because of the advancement in the automated valet technology.
Because of the growth of ride-sharing services like Lyft and Uber, business is starting to get less and less dependent on the valet service. According to industry experts, the increase in popularity of mobile app-based ride-sharing services takes a significant bit of the valet services, while reports from various companies show that a lot of parking services drop their revenue.
They also see a 50% drop in their nightclub and a 25% drop in their restaurant’s valet traffic. And the bad news is, these stats are before the automated cars and driver-less vehicles arrive – and as most experts predict, can curtail or eliminate the need for spaces at all
The valet services might as well toss the car owner’s keys to Silicon Valley and just go to a bar and have a drink. A statistical rundown on United States’ capacity sees one of the most significant inefficiencies in the country’s transportation system – more or less half a billion parking lots for at least 300 million people spread across more or less 4 million square miles of parking infrastructure, it is like Rhode Island and Delaware combined.
Currently, an average of 30% of traffic congestion each year comes from people who are searching for these spots. Valet services like CVPS & Amano Valet Parking, allow a lot of cars to access the entrance while providing the drivers the shortest possible distance from their vehicle to their destination, fitting a lot of people in dense and small spaces, while getting them from their houses to their destination.
That is why the goal of eliminating the industry, aided by the developing automated vehicle technology, as well as the automatic process of moving the cars to temporary spaces, has become a dream for passengers, drivers and car owners.
Just like valet services, several vehicles can drop people off, disappear in the middle of the night and picks you whenever you are done with your transactions. But a society that is depending on automobiles is not going to change for good overnight.
Maybe technology-utopianism, as well as the talk about eliminating the private car ownership, is starting to gain traction and it is far ahead of the game. According to studies conducted by the University of California’s Institute of Transportation Studies, unless the self-driving technology is introduced as a part of a convergence of new technologies like electrification, shared mobility and automation.
This technology has the potential to create a new wave of automobile-instigated sprawl. Recent studies from the parking industry suggests that the entire business, including self-service garages and valet, is estimated to increase in revenues to at least $3 billion in 2016 to more or less $5 billion in 2021, as the increase in the number of vehicles, as well as rapid urbanization, will create more issues.
To know more about valet parking visit https://en.wikipedia.org/wiki/Valet_parking for more information.
Maybe the solution to this problem is updating the valet services for the 21st century. Imagine you are living in a future where Artificial Intelligence replaces people to unload vehicles in front of hotels and restaurants with single digital communication protocols between cities, parking spaces and automobiles, which will allow automobiles to find areas a lot easier and in a most efficient way.
Developing an efficient, automated and smart valet system as a part of a much bigger effort to digitize the industry can help minimize traffic, utilize more space and eliminate a sizable amount of road that is dedicated to vehicles. It has been a subject when it comes to something that is going away. But what most companies are really looking at is the elimination of parking that is self-serving.
Most companies think that a lot of street parking will start to disappear and be replaced by more modern mobility solutions. Smarter, a lot more efficient and convenient parking is at the heart of future mobility, and it is very important for states and cities, or the country in general, to be thinking about it.
How can valet management redefine our relationship with the industry?
Parking has become less established and is viewed as expendable in most places compared to what it was decades ago. Between the rise of advocacies like Safe Streets, projects like Urban Infill, Downtown development, as well as tactical urbanists mediation, a lot of planners and developers see a better use for available urban real estate than convert it to a parking lot.
Of course, the technology used in this industry has taken its toll. Ride-hailing and ride-sharing applications are starting to become an alternative to purchasing a car. That is because of the increase in popularity of Lyft, and especially Uber, which is considered as one of the biggest taxi company without owning a single car.
To find out the prices of parking across the United States, visit this site.
It leads to fewer young people owning personal vehicles. But a lot of people see a bright future in valet parking, especially in reorganizing the services as part of the valet management, an emerging term for online means of managing the car industry landscape.
Increasingly, states and cities are starting to find sidewalks and streets flush with brand new options, as well as mobility technology. It includes dock-less scooters and bikes or navigating the increasing traffic from ride-sharing and ride-hailing apps and an increase in urban freight deliveries.