ACCC slams Sydney, Melbourne Airport parking charges

ACCC slams Sydney, Melbourne Airport parking charges

Australia’s consumer watchdog the ACCC is rebuking the country’s major airports – particular those in Sydney and Melbourne – over the prices charged for airport parking, resulting in exorbitant profit margins at the expense of value for travellers.

In its latest Airport Monitoring Report 2014-15, the ACCC identifies Melbourne Airport as the worst offender with owner Australia Pacific Airports (Melbourne) Pty Ltd booking 73.2 cents in the dollar from parking revenue as pure profit.

That represents a mark-up of over 270% on the actual costs of building, running and maintaining the parking facilities, with Sydney Airport not far behind in converting 71.6 cents from every parking dollar earned into profit.

Brisbane and Perth Airports also enjoyed generous margins on airport parking of 67.2% and 63.7% respectively, which the ACCC attributed to a “lack of competitive pressure” from other providers.

While booking a car space online can sometimes avoid paying the full sticker price, the ACCC also found that the best savings were typically had when parking for longer durations, rather than shorter stays which weren’t as discounted.

“The ACCC found that consumers parking at the airports could save up to 66.5 per cent for longer durations by booking online,” said ACCC Chairman Rod Sims.

“Consumers should consider all of their options, including whether they could obtain a cheaper rate by booking online or using an off-airport parking operator,” Sims added.

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Chris Chamberlin
Chris Chamberlin is a senior journalist with Australian Business Traveller and lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!
 

10 comments

  • jet_setter

    jet_setter

    24 Mar, 2016 01:59 pm

    Rightly so, disgusting what Sydney Airport charge for an hour. 

    No member give thanks

  • cssaus

    cssaus

    24 Mar, 2016 02:10 pm

    Last year Sydney Airport had a deal going that by booking online you could obtain a fairly good saving, especially on long term stays.

    This year.....nothing!!!

    No member give thanks

  • DB

    aussieboyaussie

    24 Mar, 2016 02:52 pm

    Pretty sad when the parking costs you more than the actual airfare LOL.

    No member give thanks

  • Dave

    Grannular

    24 Mar, 2016 04:41 pm

    ACCC won't do anything about it. Just say naughty naughty. In a week everyone would have forgotten and the airports keep doing what they are doing.

    At the end of the day, you privatise the airports and whoever bought them, will do what they can to make more money. Especially when there isn't any alternative

    No member give thanks

  • 1a2a3a

    1a2a3a

    28 Mar, 2016 12:03 pm

    Genuine question, does anyone know the reasoning behind privatising all our national airports? Not even in the land of the free are the airports there privatised.

    No member give thanks

  • Dave

    Grannular

    28 Mar, 2016 01:45 pm

    Howard gov needed the money

    No member give thanks

  • Ryan Stephen

    RaptorNation158

    24 Mar, 2016 09:08 pm

    What's gonna happen?

     

     

     

    Nothing.

    No member give thanks

  • CBRQF

    CBRQF

    25 Mar, 2016 05:25 pm

    What would you like them to do that is within their legislative powers? 

    Price gouging isnt illegal. 

    No member give thanks

  • kimshep

    kimshep

    25 Mar, 2016 07:54 pm

    ... and neither is Regulation or (re)Regulation.

    It is not beyond the bounds of the ACCC to recommend or suggest policy changes to Parliament where excessive and/or continuous abuse is concerned.

    Time to make some noise people.

    No member give thanks

  • Peter  Rutten

    prutten82

    27 Mar, 2016 08:00 pm

    ACCC are useless.

    Sydney & Melbourne Airport officials aren't scared of these clowns.....NOT ONE BIT.

    No member give thanks

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19 Jul, 2019 01:47 am

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