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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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General Motors will shutdown or reduce production at four of its global assembly plants beginning the week of Feb. 8, 2021 due to the ongoing automotive semiconductor shortage.
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The Global Business Travel Association (GBTA) says the financial impact of global travel decline is expected to be 10 times worse than the Great Recession and 9/11. A 21% increase in business travel spending is projected in 2021, mostly at the end of the year.
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Pat “The Trainer” Bowie, recently featured in an article on her successful methods, provides training for hundreds of car rental employees at NP Auto Group and at the International Car Rental Show.
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The company has already signed three franchisees, in U.A.E., Poland, Malta, and Ireland and aims to grow to 15 by the end of this year.
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RateGain’s state of the travel industry report found that car rental volumes for the week of Dec. 7 to 13 reached 83% of 2019 levels. New York, SFO, New Orleans, and Las Vegas saw the biggest spikes.
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Managing Director Stéphane Soille will be supported by a country head for each of the three markets, with a strong commercial focus: Christian Øien for Denmark, Kimmo Vainio for Finland, and Bjørn Briskeby for Norway.
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Virtuo chose the Hyundai Kona model as the first electric vehicle in its fleet because of its range of 484km (64k Wh battery).
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According to the data provided by SimilarWeb, EconomyBookings is currently ranked fifth in the top list of car rental brokers worldwide.
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Due to the global shortage of semiconductors used in automobiles, OEMs are telling car rental companies to expect “significant delays” with fleet orders. One operator has had a large order canceled outright.
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Nico Gabriel, who has been driving the transformation of Sixt into a modern mobility provider for 16 years, is now responsible for one of the company’s divisions that will be of importance for the future development of Sixt.
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