Rethinking Airport Parking Facilities to Protect and Enhance Non-Aeronautical Revenues (2021) / Chapter Skim
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Pages 75-83
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75 Airport Parking Management Models Together with Chapter 7, this chapter addresses the question, "What strategies and technologies are available today to offset the revenue reductions airports have observed (or anticipate) due to continued growth in the TNC mode share?
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Source: Airports Council International-North America and International Parking Institute. Figure 6-1.
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Airport Parking Management Models 77 6.1 Management Agreement Key characteristics of an airport parking management agreement are as follows: Revenues. The operator collects the revenues generated by the parking facilities and forwards them to the airport.
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78 Rethinking Airport Parking Facilities to Protect and Enhance Non-Aeronautical Revenue parking operator. Ancillary profit centers should be spelled out in a management agreement, providing transparency in terms of operator profit.
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Airport Parking Management Models 79 monthly management reporting process. Thus, the airport may benefit from the float as it receives the revenues daily but reimburses the parking company 30 days after receipt of the monthly statement.
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80 Rethinking Airport Parking Facilities to Protect and Enhance Non-Aeronautical Revenue job classification can increase operator responsiveness to requests for additional staff as more billable hours typically provides higher profits, unless additional capital expenditures become necessary. In addition to the management agreement weaknesses described above, hourly billing by job classification can de-incentivize the operator to reduce staffing levels when circumstances justify it.
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Airport Parking Management Models 81 • There is a reduction in costs related to an airport's internal parking administration organization. An airport need only review the total parking revenues collected to confirm the revenues retained by the concessionaire, which results in much lower audit requirements than a management agreement where all labor hours and expenses must be audited.
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82 Rethinking Airport Parking Facilities to Protect and Enhance Non-Aeronautical Revenue Payments to Operator. The airport pays the operator a fixed monthly amount established during the proposal process.
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Airport Parking Management Models 83 6.4.1 Louis Armstrong New Orleans International Airport Model For its 2001 and 2018 garage construction, Louis Armstrong New Orleans International Airport used a model that allowed it access to non-airport funds. Key elements of the arrangement are as follows: • A 501(c)
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