Tagged Travel Industry

Airline Ancillary Revenue Projected at $67.4B

IdeaWorksCompany and CarTrawler project airline ancillary revenue will reach $67.4 billion worldwide in 2016.

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December Shows High Travel for the Holidays

December travel peaks around the world primarily due to holidays celebrated within the month, according to a report by Sojern. Globally, the most popular days that travelers have searched to fly are December 22 and 23.

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Avis Budget Named Gold Magellan Award Winner

Avis Budget Group’s Unlimited Rewards program has been named a Gold Magellan Award Winner by Travel Weekly for the fourth consecutive year.

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Most North Americans Travel for Three or Less Days

For North America, the top five destinations were New York City, Miami, Las Vegas, Los Angeles, and Chicago. When it came to trip duration, 43% of North Americans planned trips for 0 to 3 days during Q2 2016, according to a Sojern report.

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Global Ground Transportation to Continue Flat Pricing

New Global Business Travel Association (GBTA) research highlights six risks heading into 2017 that could impact both travel industry prices and the global economy as a whole. Risks include financial market turbulence, oil prices, and uncertainty surrounding Brexit.

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North America, Europe Top Destinations Booked in Q1

According to Sojern’s Q1 Global Travel Insights Report, the top 10 booked destinations were: Canada, the U.S., Mexico, United Kingdom, France, Spain, Portugal, Germany, Italy, and Switzerland.

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Europcar Receives Top Travelers Choice Award

Europcar Group received a 2016 TripAdvisor Travellers’ Choice Award for favorite rental car service for its locations in four Europe countries: France, Spain, England, and Germany.

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North America, Europe Top Travel Booked in Q4

According to Sojern’s Q4 Global Travel Insights Report, the top eight countries most booked for travel include the U.S., Mexico, the U.K., Spain, Italy, France, Germany and Portugal.

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Tourico Holidays Increases Car Rental Sector

Tourico Holidays, a wholesale travel broker, has increased its gross revenue by 300% year-over-year from its car rental business. The company is planning to add more car rental partnerships as well as establish a team dedicated exclusively to car rental.

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Airline Ancillary Revenue Projected at $59.2B

IdeaWorksCompany and CarTrawler estimate airline ancillary revenue will reach $59.2 billion worldwide in 2015. This forecast is 18.8% higher than 2014.

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September Most Popular Month for Travel in Q3

According to Sojern’s Q3 Global Travel Insights Report, 37% of all the quarter’s bookings took place in September. For the upcoming holiday season, top destinations include Bangkok, Madrid, New York and Singapore.

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Global Travelers Favor Domestic Trips in Q2

Compared with the previous two quarters, travelers across studied regions searched for destinations closer to home, according to Sojern's Q2 Travel Insights Report.

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Weaker Euro Leads to Higher European Travel

According to Sojern’s Q1 Global Travel Insights Report, the weaker euro is attracting a greater number of travelers to European countries this summer and Cuba continues to rise on U.S. travelers’ list.

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Expedia to Purchase Orbitz Worldwide for $1.6B

Online travel agency Expedia announced it has entered into an agreement to acquire Orbitz Worldwide Inc., including all of Orbitz’s brands, for $12 per share in cash. This represents an enterprise value of about $1.6 billion.

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Enterprise Recognized for Leadership at Travvy Awards

Enterprise Holdings received two top honors at the 2015 Travvy Awards Gala, including Best Domestic Car Rental Company and Most Innovative Car Rental Executive Award.

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Avis New Zealand Wins Travel Award

At a recent awards ceremony in Auckland, Avis Car Rental was honored as "Leading Rental Car Company" by readers of Travel Digest, a New Zealand travel industry magazine.

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Avis Named Rental Car Provider for Inspirato Luxury Club

Avis has announced that it has signed a new, multi-year partnership agreement with luxury destination club Inspirato. Under the partnership, Avis has been named Inspirato's exclusive rental car provider.

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CarTrawler Partners with Travel Technology Provider

CarTrawler, an online global car rental platform, has partnered with Abacus International, a travel technology provider in the Asia-Pacific region. This partnership will offer more ground transportation and chauffeur driven services to travel agents.

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Hertz Wins 3 Travel Awards

The Hertz Corp. has been named as the “Best Car Rental Company of 2014” in three travel industry awards given by Business Traveler Magazine, Global Traveler and Recommend.

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Enterprise Renews Contract with Sabre

Enterprise Holdings and Sabre Corp., a technology provider to the travel industry, have renewed a multi-year agreement to sell inventory in the Sabre global distribution system.

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Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

2017: Fleet Mix Will Be Paramount

Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.

Auto Rental Summit: Five Trend Lines

Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.

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