Ride hailing is on-demand travel in a private vehicle booked through an app from a transportation network company (TNC); ride sharing more strictly means sharing a trip among travelers, as in carpools, vanpools or pooled app rides. The terms are often used interchangeably.
For parking, the important difference is that a ride-hailing trip ends at the curb, not in a stall. Where ride hailing replaces driving and parking, it moves demand from garages to pick-up and drop-off zones, and changes revenue for owners who depend on parking. See transportation network company.
Effects on parking
- Airports. Ride hailing has taken share from airport parking and rental cars, and airports now charge TNC access fees and design dedicated pick-up areas.
- Curbs. Pick-ups and drop-offs need curb space and management. See PUDO zones and curb management.
- Venues and nightlife. Ride hailing reduces parking demand most for evening and event trips.
- Future. Driverless ride hailing adds the need to stage, charge and clean vehicles. See robotaxi.
The Parkonomics view
Ride hailing did not end parking; it moved part of it to the curb and part of it to the fleet depot. Owners who plan for pick-up zones, staging and charging can earn from that shift instead of only losing stall revenue to it.
Related terms: Transportation Network Company, PUDO Zone, Curb Management, Robotaxi, Fleet Staging