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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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Enterprise Holdings and Enterprise Fleet Management increased revenue 8.1% to $20.9 billion for the 2016 fiscal year for its rental and fleet management businesses, the privately-held company has announced.
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Skurt, a transportation service that delivers rental cars, has launched in Miami. Skurt partners with rental companies to offer their fleet for daily rental through Skurt’s app.
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The fifth annual Auto Rental Summit took place in a new city and venue. From Oct. 24-25, corporate, franchised and independent companies gathered at the B Resort & Spa in Lake Buena Vista, Fla. Check out images from seminars, the exhibit hall, networking breaks, awards, a tour of ACE Rent A Car in Orlando, and more. Photos by Amy Winter-Hercher and Eric Tillotson.
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After two months of significant rate quote increases over the previous year, airport rates for October were down $0.65 or about 1.5%, almost flat year-over-year. Rates turned down for the middle two weeks in October, but they were up again the last week of the month.
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At a new venue and location near Orlando, the Auto Rental Summit welcomed car rental operators across the U.S. and overseas, including the United Kingdom, Brazil, Netherlands, and Canada.
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According to the Certify SpendSmart Report for Q3 2016, ride hailing (Uber, Lyft) now accounts for 52% of total ground transportation transactions — taxi, car rental, and ride hailing — while car rental accounts for 36%. Ride hailing is up from 46% in Q2.
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Enterprise Truck Rental has opened its first location in Hawaii. The Honolulu facility carries cargo vans, pickup trucks, flatbeds, and small box trucks.
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Hertz Global Holdings Inc. will host a live webcast discussion of its 2016 third quarter financial results on Tuesday Nov. 8.
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National Car Rental is now offering complimentary Emerald Club Lounges to travelers at select U.S. airports. Travelers will have access to free Wi-Fi, charging stations, and tablets and TVs.
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Pincars Car Share has launched its carsharing service in downtown Richmond, Va., and also serves the Chesterfield area.
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