Parking prices per hour in New York were: airport $8 (R134), shopping district (car park) $30 (R1,000), shopping district (street parking) $4.50 (R75), stadium $33 (R550), and city hall $25 (R420).
Parking prices per hour in Cape Town were: airport $1.01 (R17), shopping district (car park) $0.67 (R11.20), shopping district (street parking) $1.18 (R19.0), stadium $2.69 (R45), and city hall $0.34 (R5.70).
The Fixter.co.uk study noted that many city councils face a great loss of income from the reduction in parking revenue due to Covid-19 lockdowns, so the company also investigated these figures. The results show that major hubs like Chicago, for example, who rely on this revenue to fund public services stand to lose an estimated $180m (3bn) due to the pandemic.
As restrictions ease and movements increase, cities and drivers everywhere now have an opportunity to reassess how things have been done in the past, noted the study. With many countries already having considered car bans in major city centres before the pandemic, and alternative means of transport like cycling becoming increasingly popular, city councils around the world will need to rethink their parking cost strategies.
For the results and full methodology of the study visit https://www.fixter.co.uk/car-park-index-2020-usd