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LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
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The buyers, Knighthead Capital Management and Certares Management, would take at least a majority share and as much as 100% of the company. The proposed plan would pay in full all of Hertz's existing first- and second-lien debt and provide a 70% cash recovery to general unsecured creditors.
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The company says it plans to emerge from Chapter 11 bankruptcy by mid to late summer.
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TSD's comprehensive system benefits all U-Save employees and licensees from corporate-level management to multi-location franchise operations, the company said.
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Despite the challenging circumstances of COVID-19, Surprice Car Rentals has developed a new policy for an updated quality control of its services.
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Europcar Mobility Group is planning mid- and long-term subscription services for companies and businesses. CEO Caroline Parot: “We are back in the game.”
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The tool, which gives pricing and demand data for worldwide locations, reveals the significant yield management opportunity due to lower fleet volumes, said Andrew Pascoe, CEO of MarginFuel.
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A survey gauging consumers' comfort levels with various modes of travel found that 38% of respondents felt "very comfortable" or "somewhat comfortable" when renting a car. Road trips leads the list, while flying internationally is at the bottom.
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During Meissner's tenure as managing director for Sixt Italy, the market was able to triple its sales volume within three years.
Read More →Starting March 1, U-Save franchisees will be able to offer mobile driver’s license scanning, pickup and delivery services, contactless agreements, and e-signature capture.
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During its quarterly investor’s call, Avis Budget Group showed how it’s meeting demand in a dramatically disrupted environment, with insights into sourcing new local market business, the semiconductor chip shortage, and the return of corporate travel.
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