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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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Avis Budget Group has signed an agreement with Barloworld Ltd, which operates the Avis Car Rental brand, to also operate the Budget car rental brand in southern Africa, including Swaziland, Zimbabwe and South Africa.
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Europcar has opened a new branch at Belfast International Airport in Northern Ireland.
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U.K.’s carsharing company Co-Wheels has expanded its fleet with 80 new Toyota hybrids, including the Ayro, Yaris hybrid and Prius plug-in hybrid.
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As it expands its car rental franchise worldwide, Right Cars Vehicle Rental Ltd is looking for new franchise owners. Currently, Right Cars is located in 17 countries.
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Shanghai-based eHi Car Services will serve as an official vehicle services provider for China’s central government agencies and subordinate units for 2015.
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After stepping down as Hertz's CEO and chairman in September, Frissora has been appointed the new CEO of Caesars Entertainment Corp. starting June 30.
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The rental industry remembers Lynda LaPlante, founder and president of PAC Inc., which specializes in providing optional coverage products to the rental car market.
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After Hertz’s announcement of raising rates, airport rental rates increased for two consecutive weeks and then went back down the rest of January. But overall, the rates in January were only down $2.42 compared to $5.79 in December, according to Rate-Highway and The Tennant Group's 50-City Survey.
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In San Diego, car2go has updated its car-sharing fleet by adding 2014 models of Daimler smart fortwo electric vehicles.
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In honor of Valentine’s Day, Hertz is offering customers the chance to win the ultimate date do-over with a free luxury rental and dinner in its new “Dream Date Rewind” promotion.
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