At present, many new urban areas adopt the transit-oriented development (TOD) exploitation concept to achieve sustainable urban development, accurately predict parking demand under TOD exploitation, determine factors that influence demand, and establish demand models that are essential to the formation of a reasonable traffic structure in the new urban area. The present study aims to establish a scientific and reasonable parking demand model for TOD exploitation in new urban areas. Influencing factors of parking demand in new urban areas under the concept of TOD are determined, and a framework for a parking demand model is constructed. A travel cost measurement model for travel structures at different travel distances is established, considering travel cost as the core element, given that it affects the travel structure at different distances. Finally, taking the Hangzhou Bay New District as an example, the costs of various travel structures under TOD exploitation are calculated, and the reasonable parking demand is calculated. From the perspective of parking management, the concept of TOD is effectively supported.
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