NBTA Forecasts Car Rental to Remain Flat in '04

ALEXANDRIA, Va. -- A new report forecasting business travel trends, released by the National Business Travel Association, predicts that the corporate car rental market will remain flat in 2004.

According to the NBTA's "2004 Business Travel Overview and Cost Forecast," corporate car rental rates are expected to increase by 2% in 2004. The average corporate rate will be $69, the report added.

The report also predicted that the top four car rental companies will likely lose some market share to low-budget suppliers in certain domestic markets.

NBTA's report acknowledged that car rental companies have made strides in improving customer satisfaction with amenities like express service, greater selection, global positioning systems, and Internet self-booking.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

6 Takeaways from the 2018 International Car Rental Show

Technological solutions are finally moving from reality to theory, peer-to-peer platforms are being redefined, China has the biggest room for growth, while Sixt’s U.S. aspirations have only just begun.

The Irony of Customer Service in the Digital Age

Sure, any company would jump at the chance to use technology to reduce labor costs. But it also comes with some big, red, flashing warning lights.

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Job Finder: Access Top Talent. Fill Key Positions.

>