Airport Parking Expansion and Parking Spot Acquisition

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airport parking expansion

Airport Parking Expansion in the News

Airport Parking Expansion

What are the things that stress you when you fly? Getting to your gate on time? Getting to the Airport? Where to park? To answer the last question, there is always a balancing act between, price, convenience, reliability, and availability. Even if the price is not a concern, the short-term lots fill up and unreliable shuttles and long distances from long-term and economy parking lots opens up the market for off-airport operators. One of these operators, The Parking Spot, has made a splash over the last 5 years plus. Their airport parking expansion has included opening new facilities at new airports, as well as acquiring existing airport parking operations.

In today’s lead story, The Parking Spot has acquired an existing operation at the St. Louis Airport. This will be their second operation in St. Louis. While you are performing the “where to park” balancing act in your head, the players in the parking business are playing a parking balancing act at a much bigger scale.

Airport parking expansion involves a lot of players and even for an off-airport operator like The Parking Spot, the airport is still a major stakeholder. At the very basic level, The Parking Spot needs permission from the airport to access the grounds with their shuttles to pick up and drop off customers. So, the airport is acting as both a competitor for parking customers and a governing body for granting airport access. At times, this can be a very tenuous relationship. During times of growth and strong budget position, these relationships work well. In a downturn when airports have budget issues, the easiest step by an airport is to squeeze the off-airport parking operators and customers.

Give us your thoughts on airport parking expansion, The Parking Spot, and off-airport parking in general in the comment section a the bottom of the page.

The Parking Spot Buys Park Express Garage and Lot

The Parking Spot, already the biggest private parking provider at Lambert-St. Louis International Airport, has purchased the Park Express garage and lot just off Interstate 170.

The garage and lot at 9050 Natural Bridge Road has more than 1,700 spaces, which pushes The Parking Spot’s total to about 7,500 in St. Louis, said Kyle Brown, a company spokesman.

It’s the company’s second parking garage at Lambert and its first parking area east of the airport — it will be named Parking Spot East. The company’s three other lots are across from Terminal One, which made the Park Express location a good addition for The Parking Spot, Brown said. Read More>>

Parking Cost Rise to Add $1.2M in Revenues at Albany International Airport

Some parking fees at the Albany International Airport will rise and five- and seven-day discounts will end next month, as the county airport authority looks to add revenue to pay for parking improvements and other capital projects.

Rates in the economy E-lot will rise $1 a day to $6, while those in the parking garage will rise $1 a day to $13, airport spokesman Doug Myers said. Long-term parking lot rates will remain at $9 a day, but the long-term discounts will be eliminated there, as well as in the parking garage and economy E-lot. Rates in the short-term lot will remain unchanged at $2 an hour and a maximum of $24 a day. Read More>>

Flying away for MEA? Minneapolis-St. Paul Airport Officials Say Arrive Extra Early

This weekend is MEA, the annual conference for teachers put on by Education Minnesota. It also means many kids and families take advantage of the long weekend for a fall gateway.

Those who are leaving town by air will find longer lines at security checkpoints since as many as 20,000 extra travelers a day will pass through MSP. That along with business travelers who are still on the road will make it extra busy, in fact, one of the busiest weeks of the year, said airport spokesman Patrick Hogan.

The airport expects to see 115,000 to 120,000 passengers daily Wednesday through Sunday. To that end, Hogan strongly recommends that anybody trying to catch a flight to arrive at the airport 90 minutes before their flights depart. Read More>>

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Use the comment section at the bottom of this post, “Airport Parking Expansion and Parking Spot Acquisition”, to give us your thoughts on airport parking expansion, The Parking Spot, and off-airport parking in general

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