Ocra helps hotels turn underutilized parking spaces into a new revenue stream through parking infrastructure improvements and espresso bars.
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Publisher name
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Hotels are always thinking about what’s next for their property. The challenge? Finding the capital to make it happen. But what if your underutilized parking spaces coul…
Company
Ocra
AI-powered revenue management for hotel parking assets
- Industry
- Software Development
- Location
- Chicago, US
- Company size
- 51–200 employees
About Ocra
Ocra is an AI-powered Revenue Management System (RMS) and Global Distribution System (GDS) purpose-built for hotel parking assets. Hotels use Ocra to sell underutilized parking inventory to non-guest customers using various apps and websites ("parking OTAs") to find parking near airports, venues, and other hotspots. Ocra's team of parking revenue management experts drives growth without adding labor or disrupting operations, helping hotels increase net operating income (NOI) while never compromising guest parking. 20+ hotel groups partner with Ocra to achieve optimum yield of their parking assets – including MCR, Starwood Capital Group, Aimbridge, Stonebridge, Highwood Properties, Concord Hospitality, and OTH Hotels & Resorts.
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Latest activity from Ocra
4 signals
Presence & Recognition
Ocra's Head of Partnerships James Hansen hosts an episode of SpotOn featuring Glenn Haussman and Sarah Becherer discussing the evolution of hospitality over three decades.
Presence & Recognition
Ocra will be attending the National Parking Association Conference in Las Vegas on Wednesday, September 16, where Anthony Broad-Crawford will speak on how Ocra applies AI tools and systems to build products and create new capacity for the team.
Presence & Recognition
Ocra will be attending the National Parking Association Conference in Las Vegas on Wednesday, September 16, where Alexander Fine (MCR Hotels), Shaun Kirby (Edison Properties and formerly Crestline Hotels), and Joshua Miller (Towne) will discuss applying hotel revenue management practices to parking assets.
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