Tagged Travel Industry

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.


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.


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.


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.


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.


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.


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.


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.


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.


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

How Will New Lease Accounting Rules Affect Small Fleets?

The move to put lease obligations on the balance sheet brings up questions on whether the change would affect a company’s ability to borrow money, its financial statements and the accounting of closed- and open-end leases.

Why the Optimism in Car Rental?

Attendees of this week’s Auto Rental Summit conveyed a uniformly positive outlook. In the face of the many industry threats these days, what’s up?

Uber Vehicles and Open Recalls

New transportation modes may have built a better mousetrap, but they shouldn’t get a pass when it comes to safety.

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