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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 October 2015 average rate quote decreased $1.60 from last year, but it’s the smallest decrease in several months, according to The Tennant Group and Rate-Highway’s 50-City rate survey. The rate quotes slightly increased during the last two weeks of October.
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The new five-level, 1.6-million-square-foot consolidated rental car facility contains 11 rental agencies and space for car storage, cleaning, fuel and vehicle pick up and drop off.
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Hertz Global Holdings Inc. will host a live webcast discussion of its 2015 third quarter financial results on Monday Nov. 9.
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During November, Enterprise Car Sales is providing active U.S. military members, veterans and their dependents a Firestone Prepaid Maintenance Package with the purchase of any Enterprise vehicle.
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Franchise Services of North America Inc. (FSNA) has announced its financial results for the fiscal year ended Sept. 30, 2014.
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Avis Budget Group Inc. has reported revenue of $2.6 billion for its third quarter 2015, a 1% increase, on an increase on rental days partially offset by negative currency exchange rates.
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Fox Rent-A-Car continues its European expansion with eight locations that are now open for reservations or opening soon in Italy.
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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.
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Avis Namibia was honored as the Avis Licensee of the Year for Europe, the Middle East and Africa (EMEA).
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DriveNow, the joint venture carsharing service between the BMW Group and Sixt, started operating in Stockholm, Sweden on Oct. 20th. Currently, the carsharing service is available in ninth cities across Europe.
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