https://www.businesswire.com/news/home/20191121005196/en/

CHICAGO--(BUSINESS WIRE)--Nov 21, 2019--

Driving Toward Efficiency, a newly published report from DePaul University’s Chaddick Institute of Metropolitan Development, finds that SpotHero and other parking booking intermediaries are providing a social benefit to cities by reducing excess roaming, fostering more dynamic pricing, and serving as de facto regulators of product quality. Under conservative assumptions, the report found that booking intermediaries reduce the social costs generated by excess driving—including congestion, safety impacts and emissions—by $1.35 per trip, saving the city of Chicago at least $10 million over the course of one year.