Flex Rates by SpotHero
A flexible solution because one price does not fit all
Flex Rates by SpotHero is a flexible pricing solution for our parking partners that generates incremental revenue by transforming traditional, static rate bands into full rate coverage with a pricing option for every type of parker.
Control Your Rates with Personalized Inputs
You know your facility best. With Flex Rates, you can easily manage your prices to account for your facilities’ unique needs by setting customized rate bands for any day of the week.
Maximize Revenue With Flexible Rates
While traditional online rates are restricted to hourly increments, Flex Rates transforms your rate inputs into over 4,000 rates per week to cover demand for any duration and entry time. By providing parkers with flexible rate options, Flex Rates helps you capture more demand to maximize the yield of your inventory.
Avoid Unexpected Pricing Scenarios with Rate Transparency
You shouldn’t have to worry about losing customers and revenue due to unexpected pricing problems. Flex Rates uses simple rate inputs to reliably produce full rate coverage so you can always know the exact rate for every duration and entry time.
How Flex Rates Works
Frequently Asked Questions
Flex Rates works best at locations that sell daily transient rates. Flex Rates is not optimized for airport/off-airport facilities or facilities that sell event/monthly rates only.
You know your facility best. With Flex Rates, you can easily manage your prices to account for your facilities’ unique needs by setting customized rate bands for any day of the week (ex: 18-hour rate) and creating segment-specific rates (ex: commuter rate from 7 am - 9 am).
By providing drivers with rate options for any duration and entry time, Flex Rates helps you capture more demand to maximize the yield of your inventory. Your specific results will depend on a few factors, but on average we have seen partner facilities increase online revenue by 15% or more as compared to standard rates.
Of course! Once you are live with Flex Rates, you will have access to real-time data tracking in the SpotHero Control Panel and easily track revenue, reservations, and growth. Your SpotHero Growth Manager will also be available to guide you through the performance data.
We are offering Flex Rates to our parking partners for free. We are confident that using Flex Rates will increase your revenue and, in turn, increase SpotHero’s revenue as well.