Parking giant says Uber, Lyft have cut parking business up to 50% in some venues

Valet Octavio Perez brings a car for a customer at The Fish Market in downtown San Diego on February 22, 2018. People are using more ride sharing services, cutting into business for valets. (Eduardo Contreras/San Diego Union-Tribune/TNS)

SAN DIEGO: The US parking giant Ace Parking says that Uber and Lyft are eating into the parking business – with as much as 50% less traffic at nightclubs and a 25% drop at restaurant valets. 

A death knell for paid parking? No, Ace and others say they are going high-tech to survive.