SP+® Corporation (SP+) (NASDAQ: SP) shares descend Monday, as the company boasting a status as a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, today announced its five-year contract for ground transportation management, parking, and concierge/ambassador services at San Francisco International Airport (SFO) in San Mateo County, California. SP+ worked collaboratively and efficiently with the long-term and proven local ACBDE/MBE/WBE/LBE.
Welcoming an estimated 46 million passengers in 2023, SFO is the largest airport in the San Francisco Bay-area, and the second-busiest airport in California. SFO offers direct flights to points throughout North America, and is a major gateway to Europe, the Middle East, Asia, and Oceania.
“At SFO,” according to Monday’s news release, “SP+ provides management and operation of public and employee parking facilities, seven days a week, 24 hours per day, including ground transportation, curbside management, valet services, employee parking, security, janitorial and engineering services. SP+ also provides reservations and revenue management at SFO with its AeroParker branded e-commerce platform that increases non-aeronautical revenues through its user-friendly pre-booked parking system. This online technology is available via mobile, tablets, and desktops.”
“Our relationship with SP+ began with just two employees at SFO in 2012. Through their mentorship and guidance, we are now ACDBE-certified and proudly work with SP+ at multiple installations,” said Patricia Rodriguez, owner and managing partner, SF Parking, LLC.
SP shares lost 14 cents to $50.83.
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