D/FW Airport Board to consider valet service

The Dallas/Fort Worth International Airport Board will vote Thursday on a plan to bring valet parking to the airport.
The three-year agreement with Irvine, Calif.-based Parking Concepts Inc. would give the airport at least $4 million in revenue over the three-year contract, or a percentage fee of the revenue Parking Concepts generates, depending on which amount is greater, said Ken Buchanan, D/FW Airports executive vice president of revenue management.

Weve been spending the last year really trying to understand what our customer needs are, Buchanan said. They have been clearly telling us ... that convenience is extremely important to them. Being the third-busiest airport in the world, and obviously we have an enormous parking operation going on here, and with 80 percent of our passengers business passengers, theyre busy.

Parking Concepts will determine the cost for valet parking, but the cost will be competitive with the three other valet services not contracted by the airport that already operate at D/FW, Buchanan said.

Parking Concepts operates more than 160 parking facilities, 15 of them with valet service, and has 1,300 employees, said Armin Cruz, vice president of parking for the airport.

Buchanan said the infrastructure needed for the valet operation, such as car storage, already exists, and Parking Concepts is expected to invest in setting up the operations.

Were excited about it, Buchanan said. It adds another product to our parking portfolio.
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