Over the past 18 months, hotels have struggled with fewer travellers and guests. For hotels like Stamford Plaza Brisbane, this is partly solved by becoming an MIQ facility for quarantining returning Australians and visitors. But while hotel rooms are filled, the guest car parks often remain underutilised.
The Stamford Plaza Hotel, for instance, had 30 unused guest car parks in the middle of the Brisbane CBD. These parks were sitting vacant, despite demand for parking in the area.
To solve this problem, the Stamford Plaza listed its unused car park on Parkable, a platform which connects unused parking space with those seeking to park. With Parkable, the hotel generates revenue when members of the public use their car parks.
Parkable also uses IoT technology to connect to Stamford Plaza’s access gates. This makes it easy for members of the public to access the hotel car park once they’ve started a parking session, while retaining building security.
"Since COVID, many of Stamford Hotel's guest car parks have gone unused. Parkable allows us to share those parks with the public and generate revenue from an otherwise unused asset."
- Jeremy Harding, Rooms Division Manager at Stamford Plaza Brisbane
Commercial leasing agents are going above and beyond to help their clients to boost revenue between leases or when there's commercial excess.
Savills' multi-tenant commercial property in Sydney had 40 unleased parks. Using Parkable, Savills’ tenants can pay to park on a casual basis, and instead of sitting vacant, the parks are now 85% occupied.
Prior to Parkable, 22 car parks in Spring Hill, Brisbane were periodically leased. Now, they are occupied by paying members of the public 84% of the time. This means consistent revenue from an otherwise underutilised asset.