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Posts about Industries

How Your Hotel Can Thrive Amidst Corporate Travel Decline

How Your Hotel Can Thrive Amidst Corporate Travel Decline

November 30, 2021

Although 2021 has marked a positive shift for the hospitality industry, occupancy rates for hotels are still hovering below pre-pandemic levels. One large contributing factor is the decrease in corporate travel, which typically makes up a significant amount of dependable revenue for hotels. While the rollout of vaccinations in the first quarter of 2021 helped boost hotel demand, most corporate travel policies remained constricted as companies did not want to take on the liability of increased travel. As a result, hotels in urban and… Continue reading →

Creating a Luxury Hotel Experience to Drive Business

Creating a Luxury Hotel Experience to Drive Business

November 11, 2021

While the hospitality industry was strongly impacted by the pandemic, it is starting to regain traction as it adjusts to meet the new expectations and needs of guests. With these changes to the tourism industry underway, it’s crucial for hotels to tailor their services to meet the needs of the post-pandemic guest.

Drive Market Desirability of Your Class A Office in Three Steps

Drive Market Desirability of Your Class A Office in Three Steps

November 4, 2021

As the world adjusts to a hybrid work model, your Class A office building is crucial to helping current tenants entice employees back to the office with a revitalized in-person experience. Cushman & Wakefield reports that, in the post-COVID era, the quality of office space is more important than ever. And, with many people equating modern properties with increased safety, updates to aspects of your Class A office building can contribute to the satisfaction of current tenants while also driving… Continue reading →

How to Ensure Tenant Satisfaction with Touchless Technology in Your Parking Operation

How to Ensure Tenant Satisfaction with Touchless Technology in Your Parking Operation

While touchless technology was on the rise prior to the COVID-19 pandemic, it became indispensable amidst social distancing and increased safety protocols. For Class A office buildings facing the “Great Return,” this has resulted in new technological investments that reduce communal touchpoints and instill a sense of safety in tenants. Adapting to a new normal, selecting third-party vendors who can meet these higher standards has become vital. Because the first impression of your building typically begins in the parking garage,… Continue reading →

How Your Parking Provider Improves the Patient Experience

How Your Parking Provider Improves the Patient Experience

In the healthcare industry, the patient is at the center of everything you do, and their experience is a top priority. We recognize that the patient experience extends beyond the clinical appointments themselves; it encompasses every touchpoint of the healthcare journey, including parking. Because parking interactions bookend the patient’s visit, they can set the tone for their experience or conclude it on a positive note. As a result, it’s crucial that your parking provider effectively matches the level of service… Continue reading →

How Lease Audits Will Increase Your Revenue by an Average of 15-20%

How Lease Audits Will Increase Your Revenue by an Average of 15-20%

As property owners and managers, you’ve been faced with innumerable challenges throughout the pandemic and have swiftly adapted to meet each new need. From reevaluating HVAC systems to implementing renewed safety protocols, costly updates have reignited the search for potential areas for revenue generation. Lease audits can provide a low-risk, high-reward solution to this, but often require time that is rightfully monopolized by tenant safety measures. So, how can you do both? Read on for our top three tips.  … Continue reading →

Three Ways Your Parking Provider Can Enhance Employee Retention in Healthcare

Three Ways Your Parking Provider Can Enhance Employee Retention in Healthcare

April 22, 2021

Employee retention in the healthcare industry has been an ongoing topic of conversation for years. But let’s face it: We still don’t know the key to solving this problem because there’s no one-size-fits-all solution. To reduce burnout, improve employee morale, and decrease turnover rates, no aspect of the employee experience can be overlooked. Considering that the 2021 Nursing Solutions, Inc. (NSI) Retention Report says the average hospital has turned over 89% of its workforce since 2015, there’s no time to… Continue reading →

What is a Parklet and How Can It Increase Revenue for Your Commercial Property?

What is a Parklet and How Can It Increase Revenue for Your Commercial Property?

April 9, 2021

When you envision your commercial property, do you think of your outdoor curbside space? While, perhaps, not the first image that comes to mind, there’s no denying it plays a role in the success of your business. Typically reserved for your patrons’ personal vehicles, curbside parking spaces often ensure easy access to your business or restaurant. However, the curb is being reimagined as an extension of these commercial properties, helping to increase business and drive revenue. These restructured curbside areas,… Continue reading →

Creative Solutions to Parking Revenue Generation During a Pandemic

Creative Solutions to Parking Revenue Generation During a Pandemic

February 10, 2021

In the age of COVID-19, safety guidelines have forced industries to reimagine their services in order to generate revenue. From restaurants crafting to-go cocktails to retailers providing curbside pickup, creative problem solving is proving increasingly important. In the hospitality industry, new ideas have been needed as traditional revenue streams – room and meeting space rentals and food and beverage sales – have become less reliable. Here, we explain how a few key changes can turn your parking operation into one… Continue reading →

Three Ways to Reduce Your Hotel Parking Costs

Three Ways to Reduce Your Hotel Parking Costs

February 10, 2021

It’s no secret that the economic impact of COVID-19 has touched businesses of all sizes, from the smallest local stores to the biggest worldwide brands. Through our existing partnerships with hotels, Propark Mobility has seen the pandemic’s effect on the hospitality industry in particular, as its revenues, expense dynamics, and profitability so often reflect the global socioeconomic environment. Below, we outline three crucial areas to explore before making another financial decision for your company.   Three Cost Saving Opportunities Renegotiate… Continue reading →