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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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In the U.S., year-to-date February 2020 revenue was up 8% from the same period in 2019 on both higher price and volume. By March 31, revenues had eroded 9.7% for the entire quarter compared to last year.
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Through his marketing campaigns, government relations, and ability to manage a powerful group of franchisees, the former Budget CEO is credited with propelling the brand “into the major league of car rental.”
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Rentokil’s Disinfection Service, which works to create a healthier environment for drivers and passengers, is designed for organizations implementing precautionary hygiene measures, adhering to state and municipal mandates or responding to COVID-19 exposure incidents.
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The Pledge includes the company’s car rental operations, as well as its truck rental, vanpooling, corporate fleet management, retail car sales, carsharing and vehicle-subscription services.
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Through #onthemoveagain, Carwiz is promoting travel to Croatian vacation destinations and will roll out promotions soon to all the 20 countries where Carwiz currently operates.
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Sharebox explains its self-service rental process with Sixt in Norway and what it means for the future of car rental.
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Avis anticipates revenues about 80% lower in April and May compared to the prior year, with a gradual recovery in June and improving thereafter.
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Hertz’s lenders have given the company until May 22 “to develop a financing strategy and structure that better reflects the economic impact of the Covid-19 global pandemic.”
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The health and safety guidance is meant for travel-related businesses, including car rental, to adapt as America reopens.
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As the country gradually reopens, certain states are seeing weekly pump price increases of 27 cents (Wisconsin), 19 cents (Ohio) and 16 cents (Indiana).
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