Chicago and San Diego airports are only the latest to announce they’ll increase parking rates.
Parking rates are rising at airports across the USA. Other large airports that raised rates in the past year include: Minneapolis-St. Paul; Los Angeles; Honolulu; Little Rock National; St. Louis; Dallas/Fort Worth; Detroit; Boston; Pittsburgh; Oklahoma City’s Will Rogers; Indianapolis; and Portland, Ore, USA Today reports.
At O’Hare, rates for most long-term parking (5 hours or more) will rise by $1, and the 24-hour maximum will increase by $1, to $31, at the daily lot.
At Midway, a $1 increase will apply for long-term parking (7 hours or more) at the hourly and daily garages, and the 24-hour maximum will increase by $1, to $29. Rates for short-term parking will remain the same at both airports.
Starting July 1, San Diego airport will change its rate structure, which will result in higher prices. Parking for an hour will rise by $1, to $4. The daily maximum for the first day will remain at $21, but each additional 24 hours will cost $26.
Parking is a huge business for U.S. airports and the largest source of non-aviation revenue. Domestic airport parking revenue rose 2.6% in 2008 to $3 billion, even as passenger volume fell 3.6% to 735 million. (source: USA Today)