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1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam [email protected]

1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam [email protected]

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Page 1: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

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Is Pay Parking Killing the High Street?

Giuliano MingardoErasmus University Rotterdam

[email protected]

Page 2: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

STATEMENTS

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Page 3: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

PARKING IS IMPORTANT FOR RETAIL

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Page 4: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

THE AVAILABILITY OF PARKING PLAYS AN IMPORTANT ROLE IN THE

CUSTOMERS’ CHOICE WHERE TO GO SHOPPING

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Page 5: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

PARKING FEES PLAY AN IMPORTANT ROLE IN THE CUSTOMERS’ CHOICE

WHERE TO GO SHOPPING

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Page 6: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

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CAR DRIVERS ARE BETTER CUSTOMERS [SPEND MORE MONEY] THAN

CUSTOMERS TRAVELLING BY OTHER MODES

Page 7: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

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CUSTOMERS BY CAR CAN CARRY MORE THINGS THAN CUSTOMERS BY OTHER

MODES

Page 8: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

THE MAJORITY OF CUSTOMERS USE THE CAR TO REACH THE SHOPPING AREA

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Page 9: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

QUESTION

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Page 10: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

Which customer would you prefer?

• Let’s assume for a moment that there are two famous Italians walking in your shopping area;

• You can only choose one of them to enter your shop;

• Which one would you prefer?

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Page 11: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

The two famous Italians are…

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Name: Mario Balotelli

Profession: Footbal player

Yearly Income: € X,000,000

Name: Giuliano Mingardo

Profession: Researcher

Yearly Income: € X0,000

Children: 0 [living at home] Children: 3 [living at home]

Page 12: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

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Trunk: 576 - 1951 dm3

Almost 2 cubic meters!!

Trunk: 0 - 230 dm3

Max 0,2 cubic meters!!

10% of Giuliano’ s car

Giuliano’ s car

Balotelli’ s car (one of)

Page 13: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

PARKING AND RETAIL – SOME FIGURES

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Data from +180 shopping areas in the Netherlands

Page 14: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

How to read the next slides…

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Page 15: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

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Strong (positive) relationship between A and B

No relationship between A and B

Page 16: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

RANDSTAD (NL)

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PARKING SCORE

RELATIONSHIP BETWEEN SCORE PARKING AND SCORE CAR ACCESSIBILITY

Page 17: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

RANDSTAD (NL)

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Page 18: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

050

0010

000

1500

0T

urn

ove

r pe

r m

²

0 20 40 60 80 100Modal Split Car

050

0010

000

1500

0P

rod

To

t

0 10 20 30 40 50MSTotFiets

050

0010

000

1500

0P

rod

To

t

0 10 20 30 40 50MSTotlopend

050

0010

000

1500

0T

urn

ove

r pe

r m

²

0 10 20 30 40Modal Split OV

CAR BIKE

WALK PT

MODAL SPLIT CAR MODAL SPLIT BIKE

MODAL SPLIT WALK MODAL SPLIT PT

Page 19: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

Do Parking tariffs Explain Turnover (for Daily Goods)?

• Very small R² of regression• No causal relationship; model not

significant

050

0010

000

1500

020

000

2500

0

0 1 2 3 4 5uurtarStr07

ProdDag Fitted values

Page 20: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

Does Parking Capacity Explain Turnover (for Daily Goods)?

050

0010

000

1500

020

000

2500

0

0 2000 4000 6000 8000capStr07

ProdDag Fitted values

• R² is zero!• No causal relationship

Page 21: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

Does Parking Capacity Explain Turnover (for Non-Daily Goods)?

020

0040

0060

0080

00

0 2000 4000 6000 8000capStr07

ProdNDag Fitted values

• Very small R² of regression• No causal relationship

Page 22: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

Do Parking tariffs Explain Turnover (for Non-Daily Goods)?

020

0040

0060

0080

00

0 1 2 3 4 5uurtarStr07

ProdNDag Fitted values

• Very small R² of regression• No causal relationship

Page 23: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

Reasons for choosing the shopping area

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Page 24: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

Can't see the wood for the trees

if someone can't see the wood for the trees, they are unable to understand what is

important in a situation because they are giving too much attention to details

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Page 25: 1 Is Pay Parking Killing the High Street? Giuliano Mingardo Erasmus University Rotterdam mingardo@ese.eur.nl

THANK YOUGo raibh maith agaibh

Giuliano Mingardo

[email protected]

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