Why do airport parking prices keep on increasing over time?
Have you decided on the budget for your holiday? You must have considered all the expenses like hotel, food, travel and leisure and everything else. But have you considered how much you will be spending on airport parking? Well, this might look like a joke but if you are parking your car at the airport for more than a month, it might surpass your flight ticket charges.
Whenever you pay for airport parking, you are always left surprised since the price is always higher than what you paid when you last visited the airport. Well, the airport parking prices devour the budget of most people and during the holiday season, it gets worse.
During the holiday season, it looks like there is no control over how much the airport parking prices can be increased and this might be deterring people from parking at the airport. A better alternative to on-site airport parking is offsite Dia reserved parking.
But why are airport parking prices always increasing? Let’s try to find out through this blog post.
Airport parking is a big business
You might be thinking that airport parking is just a small part of the overall operation of the airport but that’s not true. You will be surprised to know that airport parking is one of the biggest non-aviation revenue generators for airports and that might be the reason why airport parking prices are always high.
According to a study, it has been found that airport parking falls into the airport’s top three revenue-generating sources and it keeps on offering 41% of the landside revenue. If something covers up such a big portion of revenue generation, there is no way airports are going to charge less for it and this is why you should choose offsite Dia reserved parking.
Property cost
Airports are always going to be expensive and the biggest expense for an airport is real estate. Most airports are a very large space and most of this space is dead when it comes to revenue- generation like grass verges, runways, and even roads. The only way airports are left to offset the real estate price is to charge hefty prices for airport parking and they don’t hesitate to do so.
Such charges are usually built into the ticket price and if not, you have to pay it when you visit the parking facility. This is why people are making smart decisions and using an airport parking reservations coupon to book off-site airport parking services.
Competition
Another major reason why airport parking has started to cost an arm and a leg to people visiting the airport is competition. There are many cities where airport parking is simply monopolized or is dominated by a single provider.
When there is a single market in the player, there is nothing to worry about the competition and therefore that player can set whatever price he prefers and the customers will have no other option than paying the set price. This is what happens in the case of airport parking. But if you have an airport parking reservations coupon, you can use it to book off-site airport parking.
Maintenance cost
All the airport parking facilities that are owned by the airport cost more simply because the airport authorities are using the profit generated from the parking to deal with the maintenance cost of other parts of the airport. This is an uncommon reason that is not known to most people paying high prices for airport parking.
The airport is quite a big area and to remain functional, every part of the airport needs to be well-maintained. The profit generated from flights alone can’t cover this maintenance cost and this is why, to keep everything on an even keel, the airport charges more for airport parking and burns a hole in the pocket of the passengers.
Over time, airport parking will become out-of-budget for many people, especially for those who are used to parking their cars at airports for more than a week. A better alternative to this will be to choose an off-site airport parking facility and keep things under budget.