Parking giant says Uber, Lyft have cut parking business up to 50 per cent in some venues

by Jeanette Steele :  therecord – excerpt

SAN DIEGO — The parking giant Ace Parking says that Uber and Lyft are eating into the parking business — with as much as 50 per cent less traffic at nightclubs and a 25 per cent drop at restaurant valets.

A death knell for paid parking? No, Ace and others say they are going high-tech to survive.

For consumers, the bright side may be lower parking prices.

In downtown San Diego, this trend could colour how much more parking is built, as the city updates its policy this year.

In a September email buried deep in an environmental report, Ace Parking CEO John Baumgardner laid out the ugly truth for the parking business.

At San Diego hotels serviced by Ace Parking, overnight parking has declined 5 per cent to 10 per cent. At restaurant valet stands, business is down 25 per cent.

And, most dramatically, nightclub valets are seeing a 50 per cent drop off… (more)

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