Scarce parking space in Bangkok is aggravating chronic traffic congestion in the Thai capital, but some Japanese parking companies are taking a look at the positive side of the traffic nightmare.
Nippon Parking Development (Thailand) Co., a local unit of Nippon Parking Development Co., has enjoyed solid growth in operating revenue from more than 30 parking lots inside buildings in Bangkok.
The Osaka-based firm moved into Thailand in 2010 and subsequently implemented an automatic fare adjustment system, electronic signage to show space availability and surveillance cameras in parking facilities, and successfully curbed labor costs.