BB&T Pavilion
Live Nation slashes Parking Wait Time &
Boosts Profits With ParkHub
Summary
In 2016, Michael Hughes, parking director at the BB&T Pavilion in Camden, New Jersey, was tasked to move all parking services in-house to give Live Nation customers a more streamlined experience with parking. The goal of this decision was to optimize services and cut costs. ParkHub helped them do just that. With the assistance of Prime (our handheld point of sale mobile device) and Portal (our cloud-based dashboard that provides real-time information) patron wait times and internal theft decreased, while parking and concession profits increased.
The Challenge
Longer Parking Wait Times
Customers would experience a 45 minute to 1 hour wait times just to park. Some customers would even miss the show they paid for by the time they found a spot and parked. Post-event customer satisfaction ratings reflected this, showing a 55% positive rating.
Limited Payment Options
BB&T Pavilion frequently encountered credit card transaction failures due to weak connectivity around the building. This led to missed revenue opportunities and frustrated customers.
Prevalent Cash Slippage
Additionally, theft by parking attendants was cited as the biggest staff issue before ParkHub. Using a system of rollover tracking devices with integrated clickers to count vehicles, coupled with manual cash accounting procedures, slippage was prevalent and difficult to track.
The Solution
BB&T Pavilion deployed 40 of ParkHub’s mobile point-of-sale (mPOS) devices, along with the business intelligence suite.
Since on-boarding in April 2016, Hughes said that orientation with ParkHub was very hands on. He said that 75% of sales were from credit cards, and that eventually normalized to around 10-15% for other events.
Additionally, Hughes said that the business intelligence suite was a major asset. Real-time reporting greatly aided the parking operators. “Being able to look at that is huge on my end so I know what to put in at that place and time,” he said. “The ParkHub team were hands on and just as much as part of the team as anyone as far as it goes in my mind,” Hughes said. “They rolled up their sleeves and got their hands dirty, and that’s what operations is about.”
Management gained access to the business intelligence suite, a parking intelligence system which connects directly to the mobile point-of-sale device. The business intelligence suite dashboard enables users to view and organize parking transactions by time, payment method, lot, or attendant during and after events. It also provides real-time insight into lot occupancy and per-lot revenue which empowers venue operators to enforce accountability with each of their attendants.
The Results
Parking Wait Times
Customer parking time was reduced from 45-60 minutes to under 30 minutes.
Increased Customer Satisfaction
Post-event customer surveys showed an increase in positive rating from 55% to 82%.
Deterred Cash Slippage
Cash slippage was reduced using the mobile point-of-sale device and the business intelligence tool’s inventory and cash tracking systems
Increased Concessions
Faster parking resulted in faster building ingress, which translated to a $750,000 increase in concession sales in just 4 months.
Customer Takeaways
“The ParkHub team is hands-on and just as much as part of the team as anyone as far as it goes in their mind. They rolled up their sleeves and got their hands dirty, and that’s what operations is about.”
Michael Hughes, Director of Parking
BB&T Pavilion
Learn More
With integrated payments, devices, and business intelligence, ParkHub is paving the road to a brighter digital future. On that road, ParkHub customers are driving away from cash, quickly and seamlessly.
Experience How ParkHub Can Transform Your Parking Operations
“ParkHub was designed to revolutionize an antiquated industry by providing an agnostic and open technology platform for finding, reserving, and paying for event parking online. As we expanded, we developed a best-in-class, mobile-point-of-sale device and comprehensive management suite, currently used by hundreds of parking operators, sports & entertainment venues, universities, festivals, & more, at thousands of locations across the U.S. With our recent acquisition of Smarking, we also offer full-scale business intelligence, dynamic pricing, and pre-paid reservation products, utilized by numerous municipalities across the country.”
Chris Elliston
ParkHub Chief Revenue Officer