What Fast Park does

Fast Park is a privately held, third-generation family-owned off-site airport parking company headquartered in Cincinnati, Ohio, operating under Park Place Operations, Inc., a subsidiary of Parking Company of America. Founded in 1981 near Cincinnati/Northern Kentucky International Airport (CVG), the company has grown to operate 17 parking facilities across 15 U.S. markets, including major airports such as ATL, AUS, BWI, CLE, MCO, IAH, HOU, and others. Its core product is the Fast Park & Relax branded airport parking service, which provides complimentary shuttle transportation to and from airport terminals, with branded "Guest Ambassadors" assisting with luggage and parking. The portfolio also includes sub-brands Fast Park 2 and Park Place, the Relax for Rewards loyalty program (with mobile card integration via Apple Wallet and Google Pay), FastCharge and Power²Go EV charging stations (via ChargePoint partnership), contactless Express Lane exit technology, and a Corporate Travel Program serving enterprise clients.

Name

Fast Park

Legal name

Park Place Operations, Inc.

Website

https://thefastpark.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

101–250 employees

Short description

Fast Park is a third-generation family-owned off-site airport parking operator running 17 facilities across 15 U.S. markets, serving leisure and business travelers with shuttle-assisted parking, a loyalty program, EV charging, and contactless payment technology.

Ownership category

akta.pro rank

Product category

Airport Parking Services

NAICS

Parking Lots and Garages (81293)

SIC

Transportation Services (4700)

akta.pro primary industry

Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB)

akta.pro secondary industries

Parking Asset Management & Facility Services (Cleaning, Security, Staffing, Maintenance) (TLAJAIAG), Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD), EV Charging in Parking Facilities (Charging Operations, Billing, Load Mgmt) (TLAJAIAF)

Keywords

• Airport parking services
• Off-site airport parking
• Airport shuttle service
• Loyalty parking rewards
• EV charging stations

Headquarters

HQ city

Cincinnati

HQ country

United States

HQ region

North America

Offices18 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Daily Parking Fees: Core revenue from daily parking charges calculated at $2.00 per hour or part of an hour until daily rate is met, then repeating pattern. Rates vary by market from $7.00 to $22.00 per day
2. Reservation Fees: Customers pay a reservation fee to guarantee their space, with actual parking fees due upon check-out at the facility
3. Relax for Rewards Loyalty Program: Points-based loyalty program where members earn 1 point per paid day, redeemable for Free Days (8 points), 3 Consecutive Free Days (20 points), or Free Week (40 points). Generates repeat customer revenue.
4. Corporate Travel Program: Volume-based corporate accounts with customized group rates, promotional codes, and program management for frequent business travelers
5. EV Charging Fees: Fees associated with FastCharge and Power²Go electric vehicle charging services at select locations

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Fast Park operates 17 off-site airport parking facilities across 15 U.S. markets, providing shuttle-assisted parking near major airports with covered parking options, complimentary luggage assistance, and continuous shuttle service. The company sells daily and hourly parking reservations, EV charging services, corporate travel accounts, and a free loyalty program (Relax for Rewards) that enables customers to earn and redeem points for free parking.

Product overview

Fast Park is an airport parking services company operating 17 parking facilities across 15 U.S. markets. The core offering is the Fast Park & Relax branded parking service with free shuttle transportation to and from airports. The product portfolio includes alternative sub-brands (Fast Park 2, Park Place), a loyalty program (Relax for Rewards) with mobile digital card integration, EV charging services (FastCharge and Power²Go), corporate travel management tools, and the unique Fast Park Longhorns cattle program in Austin. Technology features include Express Exit Lanes with contactless Apple Pay/Google Pay support, QR code-based parking certificates, and mobile account management. The company positions itself as a third-generation family business focused on customer service.

Differentiator

Problem solved

Functional benefit

Brands

• Relax for Rewards: Fast Park's loyalty program that allows members to earn points by using their Rewards Card at entrance and exit each time they park. Points can be redeemed for Free Parking Days, Weeks, and other rewards. Members also get access to mobile rewards cards, eReceipts, and corporate travel program benefits.
• Power2Go
• FastCharge

Products and services

• Fast Park & Relax Core airport parking service brand offering shuttle-assisted covered parking near major U.S. airports with Guest Ambassador service, complimentary luggage assistance, continuous shuttle service, and contactless payment. Serves individual leisure and business travelers.
• Relax for Rewards
• Fast Park 2 Alternative parking sub-brand at select locations (Baltimore BWI) offering a boutique-style experience with quick terminal access (2 minutes to airport) and limited covered parking options.
• Park Place Parking sub-brand at Cleveland Hopkins International Airport (CLE) offering uncovered parking options with complimentary shuttle service to airport terminals at a $14.00 daily rate.
• FastCharge EV Charging Electric vehicle charging stations available at all Fast Park facilities, requiring a ChargePoint account for access and including associated charging fees. Intended for emergency EV charging to ensure guests can reach their destination or get home.
• Power²Go EV charging service at Atlanta (ATL) location featuring ChargePoint Express 250 fast chargers, accessible via credit card or ChargePoint account at competitive pricing.
• Corporate Travel Program Business account program offering group discounts based on travel volume, promotional codes, custom programs, and tools to track employee parking activity and earn rewards. Managed by dedicated account representatives with training and enrollment support.

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• WallyParkcoreStrategic or Co-development Partner · 8 February 2021Fast Park partnered with WallyPark to transition customers and existing reservations following WallyPark's closure of its facility serving General Mitchell International Airport (MKE) on February 8, 2021. This partnership ensured continuity of service for affected WallyPark customers by seamlessly transferring them to Fast Park's nearby Milwaukee location.
• Del Valle High School Future Farmers of America (FFA)minorStrategic or Co-development Partner · 1 January 2011Fast Park partnered with Del Valle High School's FFA club to launch an educational program teaching students how to raise and care for Texas longhorn cattle. The partnership utilizes Fast Park's pastures at the Austin facility for hands-on agricultural education.
• Callahan's General StoreminorStrategic or Co-development PartnerPartner in the longhorn cattle program at Austin facility, supporting the FFA educational initiative with supplies and expertise.
• Dr. Bill Selman (Veterinarian)minorStrategic or Co-development PartnerVeterinary partner providing animal health expertise for Fast Park's longhorn cattle program at the Austin facility.
• ChargePointcoreTechnology or IntegrationTechnology partnership for EV charging infrastructure. Fast Park's FastCharge stations and Power²Go service utilize ChargePoint account systems for access and payment processing at all facilities.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• The Parking Spot: One of the largest U.S. off-airport parking operators, offering shuttle-assisted covered parking near major hub airports with loyalty programs. Directly comparable to Fast Park in product, customer base (airport travelers), and operational model.
• WallyPark: Off-airport parking operator with covered self-park facilities and shuttle service at major U.S. airports. Fast Park explicitly partnered with WallyPark to transition MKE customers following facility closure in 2021, demonstrating direct operational overlap.
• Park Sleep Fly: Aggregator and operator offering airport parking and hotel-and-parking packages at U.S. airports. Competes for the same leisure and business travelers via online booking, overlapping Fast Park's direct-to-consumer channel.
• Looking4Parking: Online comparison and booking platform for airport parking worldwide, including U.S. markets served by Fast Park. Competes for the same digital traveler customer and reservation dollars.

Broad incumbents

• ABM Industries (Airport Parking): Large facility services and parking operator with significant on-airport parking and shuttle contracts across many of the same U.S. hubs where Fast Park operates. Broader portfolio but overlapping airport-parking customers.
• SP+ Corporation: National parking management and operator with airport parking exposure and parking access & revenue control systems across the U.S. Competes for the same corporate travel and B2B parking demand on a larger enterprise scale.
• LAZ Parking: One of the largest privately held parking operators in North America, with both on- and off-airport parking services at many of the same travel hubs. Comparable scale and managed-services model.

Others

• ChargePoint: EV charging network operator that integrates with Fast Park's FastCharge and Power²Go stations. Not a competitor but a key technology/payment partner whose adoption curve directly affects Fast Park's EV charging economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/thefastpark

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fast Park