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SpotHero Expands in Canada; Partners with Toronto Pearson International Airport to Alleviate Growing Local Congestion
[May 23, 2019]

SpotHero Expands in Canada; Partners with Toronto Pearson International Airport to Alleviate Growing Local Congestion


SpotHero, the #1 consumer marketplace and mobility platform for off-street parking in North America, today announced further expansion into Toronto, Canada, with the appointment of General Manager Patrick Szwec, who will oversee Canadian operations and work with parking operators to drive revenue and enhance their customer experience. The company also launched a new partnership with Toronto Pearson International Airport, North America's "Best Large Airport" as voted by passengers for two consecutive years.

Multiple studies have suggested that 30-45% of urban traffic can be attributed to cars circling the block in search of a place to park, adding to congestion. By giving drivers the tools to easily find and book a space in advance, SpotHero not only offers a more convenient and efficient way to park, but gets more cars off the roads faster. Services of this type are critical for the area around Pearson, the second-largest employment zone in all of Canada, wherein 300,000 people are employed and nearly 1 million car trips a day take place. And with regard to Toronto's downtown core, the city is known as one of the most congested in the world, with the metro area losing as much as $6 billion in productivity annually-a figure which is projected to grow to $15 billion by 2031. More than 1.5 million Torontonians commute to the city by car every day, making it an ideal market for SpotHero to expand its Canadian footprint.



Beginning today, Pearson travelers and Toronto drivers can use SpotHero's mobile app, the Parking Panda app, or visit spothero.com to book convenient on-site daily parking at Terminals 1 and 3, the Value Park Garage, the Value Park Lot, private airport-adjacent facilities, and more than 65 parking garages and lots in downtown Toronto to save time and money, reduce stress, and make travel more enjoyable.

"Toronto is booming, and with it, so is congestion. The region's population is expected to double by 2050, threatening to stall traffic and make it even harder to move around," said Mark Lawrence, CEO and co-founder, SpotHero. "Public and private sectors alike have a responsibility to act now to implement solutions that create better outcomes for all stakeholders who live, work and visit the region. We commend Pearson for being one of the first global airports to optimize their experience for customers who depend on, and expect, mobile apps to manage every aspect of their travel itinerary, including on-airport parking options. As we look to develop additional partnerships and uncover new opportunities to drive growth, having Patrick to manage the Canadian market will put SpotHero in a powerful position to maximize our impact."


"Toronto Pearson is focused on creating the most seamless door-to-door experience possible for our passengers by providing easy and convenient transportation options at every price point. Enabling hassle-free airport parking is a critical component of that," said Scott Collier, Vice President, Customer and Terminal Services, Toronto Pearson. "Partnering with SpotHero allows us to offer our customers the best-in-class experience they've come to expect from Pearson, while giving us a new channel to drive new customer acquisition, retention and additional revenue."

SpotHero partners with parking operators and facilities adjacent to more than 50 airports in North America to provide convenient and affordable parking options to travelers who expect mobile reservations and mobile payments enabled for every leg of their journey. In 2018, drivers used SpotHero to reserve airport-adjacent parking 2X (News - Alert) more than the previous year. To learn more, visit SpotHero.com and TorontoPearson.com.

About SpotHero

SpotHero is the #1 consumer marketplace and mobility platform for off-street parking in North America. SpotHero is curbing the rise of urban congestion by changing the way millions of people park every day. Using SpotHero's portfolio of mobile apps and websites, drivers find, book and access a parking facility near their destination, eliminating the need to circle the block in search of parking. SpotHero's platform enables leading mobility companies to build seamless parking experiences directly into their products. For more information, visit SpotHero.com.


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