Australian Government Investigates Airport Parking Rates

Lately I've focused a lot on North America in this blog, but for this post, let's head down under! Yesterday a report from the Australian Competitor and Consumer Comission (ACCC) said that it "maintains its view that airport car parking prices are consistent with charges reflecting an element of monopoly rent," an annual performance report released yesterday declared. Airports are in a position to set car parking prices above an efficient level by controlling the conditions of landside access to terminal facilities."

As written here before, parking represents a huge piece of airport revenue. In the case of Melbourne, it represented 20% of total total revenue.

So what happens now? Well, the issue will be studied further in the coming months, and the government will decide on the next step to take. And that step could very well be having parking rates charged at airports start being regulated by the government. So it'll be interesting to see how that develops.

Clearly, people are only complaining because they did not go to About Airport Parking and compare parking rates at major airports (including off-airport sites) in Australia and New Zealand!

Well, probably not. But it should be noted that in addition to parking in the North America, you can use About Airport Parking to compare parking rates in Europe, Australia, and New Zealand.