Tagged Travel Industry
November 17, 2015
IdeaWorksCompany and CarTrawler estimate airline ancillary revenue will reach $59.2 billion worldwide in 2015. This forecast is 18.8% higher than 2014.
November 2, 2015
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.
August 11, 2015
Compared with the previous two quarters, travelers across studied regions searched for destinations closer to home, according to Sojern's Q2 Travel Insights Report.
April 30, 2015
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.
February 12, 2015
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.
January 28, 2015 in Rental Operations
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.
January 12, 2015 in Rental Operations
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.
December 17, 2014 in Rental Operations
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.
December 11, 2014
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.
December 10, 2014 in Rental Operations
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.
Auto Focus Blog: A blog covering fleets, auto rental and the business of cars
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.
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?
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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