Tagged Rental Revenue

Report: Ride Hailing Accounted for 65% of Business Travel Expense Transaction Volume in 2017

Certify's annual review of business expense trends shows that car rental represented 25% of overall transaction volume in ground transportation in 2017. National Car Rental was the most expensed and top-rated brand in 2017, according to Certify data.

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2017 U.S. Car Rental Market Reaches $28.6 Billion

This revenue was achieved on a smaller overall U.S. fleet size, which translates into record high revenue per unit, per month.

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Hertz Q3 Revenue Rises Slightly

For the third quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.6 billion, a 1% increase year-over-year. CEO Kathryn Marinello is encouraged by Hertz’s process but admits the company still has a lot of work ahead.

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Avis Budget Attributes Revenue Growth to Summer Demand

Avis Budget Group has reported revenue of $2.8 billion for its third quarter 2017, a company record. Due to the impact of the hurricanes, the company lowered its full-year earnings forecast.

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Enterprise Holdings Grows Revenues 6.5%, Fleet Size Static

Enterprise Holdings achieved annual revenues of $22.3 billion in fiscal year 2017, while fleet size remained equal to 2016 at 1.9 million vehicles. Share of airport business is now 38%.

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Hertz to Announce Third Quarter Financial Results

Hertz Global Holdings Inc. plans to report its third quarter 2017 financial results on Thursday Nov. 9.

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Avis Budget to Announce Third Quarter Results

Avis Budget Group Inc. plans to report its third quarter 2017 results after the market close on Monday Nov. 6.

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Sixt Revenue Increases 5.7% in First Half of Year

During the first half of 2017, the Sixt Group’s total revenue increased 5.7% to $1.33 billion compared to $1.26 billion during the same time in 2016. Sixt’s revenue for the vehicle rental business unit was $927.4 million, an increase of 6.4%.

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Hertz Reports Net Loss of $158M

For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.

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Europcar Reports Revenue Up 10%

In the first half of 2017, Europcar reported revenue of 1.028 billion euros — up 10.1% at constant exchange rates compared with the first half of 2016. Europcar's number of rental days increased to 30 million.

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Avis Budget Revenue Flat on Pricing Declines

Avis Budget Group has reported revenue of $2.2 billion for its second quarter 2017, unchanged compared to Q2 2016. This is primarily due to an increase in overall rental days being offset by a decrease in pricing.

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Hertz to Announce Second Quarter Financial Results

Hertz Global Holdings Inc. plans to report its second quarter 2017 financial results on Tuesday Aug. 8.

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Avis Budget to Announce Second Quarter Results

Avis Budget Group Inc. plans to report its second quarter 2017 results after the market close on Monday Aug. 7.

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Europcar Reports Revenue Up, Earnings Down

In Q1, Europcar reported revenue of 439 million euros — up 6.6% compared to first quarter 2016. Adjusted earnings were negative 6 million euros versus negative 5 million euros during the same period last year.

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Hertz Reports Net Loss of $223M

For the first quarter 2017, Hertz Global Holdings Inc. reported declines in revenue and earnings. Hertz’s total revenues were $1.9 billion, a 3% decline year-over-year, while adjusted earnings were negative $110 million — compared to positive $27 million in Q1 2016.

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Avis Budget Revenue Drops 2%

Avis Budget Group has reported revenue of $1.8 billion for its first quarter 2017, a 2% decrease. This is primarily due to a 5% decline in pricing partially offset by a 3% increase in rental days.

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Hertz to Announce Q1 Earnings

Hertz Global Holdings Inc. will host a live webcast discussion of its 2017 first quarter financial results on May 9.

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Avis Budget to Announce Q1 Results

Avis Budget Group Inc. plans to report its first quarter 2017 results after market close on Wednesday May 3.

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FSNA Reports $2.6M Revenue for Q4

Franchise Services of North America (FSNA), franchisors of the U-Save brand, has announced its financial results for the quarter ended Dec. 31, 2016. Revenue and loss from continuing operations were $2,570,439 and $122,918, respectively.

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Hertz Posts $474M Net Loss for 2016

For full-year 2016, Hertz Global Holdings Inc. has reported total revenue of $8.8 billion, a decrease of 2% from $9 billion for 2015. In 2016, Hertz’s net loss was $474 million compared to $115 million in 2015.

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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.

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