U . S . Hotels – Parking Department Revenue by Location
2023 Parking Revenue as a Percent of 2023 Total Revenue
4.0 %
3.0 %
2.0 %
1.0 %
0.0 %
3.3 %
3.6 %
All Hotels |
Urban |
Suburban |
Airport |
Resort / |
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Destinations |
CBRE Hotels Research , Trends ® in the Hotel Industry Confidential & Proprietary | © 2024 CBRE , Inc .
Albany , N . Y ., and Palm Bay , Fla ., the top 10 markets with the greatest percentage of hotels with EVCS were in Northern California or the Pacific Northwest .
The number of EVCS to be installed at a hotel is influenced by several factors . Government regulations frequently specify the number of stations based on a percentage of guestrooms , or a percentage of parking stalls . Suburban and interstate properties , where most guests drive to the hotel , require a greater ratio of stations to parking stalls than urban hotels . Finally , the availability of on-site power is a critical
2.4 %
3.4 %
2.5 %
U . S . Hotels – Parking Department Profits by Property Type
2023 Parking Department Profits as a Percent of 2019 Parking Department Profits
160 % 140 % 120 % 100 % 80 % 60 % 40 % 20 % 0 %
132.2 %
All Hotels
119.6 %
Full Service
113.3 %
Limited Service
CBRE Hotels Research , Trends ® in the Hotel Industry Confidential & Proprietary | © 2024 CBRE , Inc .
115.9 %
119.3 %
107.5 %
148.0 %
Extended-Stay |
All-Suite |
Convention |
Resort |
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Hotels |
factor that could limit the quantity of stations offered and impact the quality of charging service provided .
To allow hoteliers to focus on their core business , it is highly recommended that owners contract with a third-party to provide and operate their EVCS . The most frequent business model between a hotel owner and provider is a monthly subscription : In return for a monthly fee , the third-party provider will install the required infrastructure , maintain the equipment , collect the funds from the hotel guests and then send funds back to the
Jim Hurless
hotel after a specific payment threshold has been met . Some stations have software that enables the guest to charge their payment to their guestroom , in which case the hotel will pay a designated percentage of the revenue back to the service provider .
Since the charging fees paid by guests are influenced by the number of kilowatt hours it takes to charge a car , hotels are prime businesses to offer profitable EVCS . With guests staying overnight , the longer “ dwell time ” is not inconvenient for hotel guests and leads to greater revenue generation for the hotel .
EVCS equipment is limited to two primary categories . The majority of hotel EVCS are level 2 chargers , which are slower , and therefore more beneficial for hotels for the reasons noted above . Level 3 chargers are faster and require less dwell time , but do not generate as much revenue for hotels . There is no universal plug yet for charging stations , but drivers of electrical vehicles carry adapters with them that will accommodate multiple plug designs .
It is estimated that more than 200 companies now offer charging services in the U . S . To select the company that best fits their hotel , it is critical for hotel owners to quickly understand if the operating model ( which party collects revenue , which party pays for utilities , etc .) offered by the provider matches their needs , as well as the reputation of the provider . With so many new recent entrants into the charging service industry , the experience levels of the providers vary greatly .
50 hotelsmag . com September 2024