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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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This report covers U.S. car rental market data by fleet, locations, and revenue for 2014.
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As 2014 comes to an end, take a look back at the 10 most-read news stories on the Auto Rental News website.
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For the Christmas period spanning Dec. 23 until Dec. 27, New York City had the highest daily rental car rates at $178, according to a survey from CheapCarRental.net. West Palm Beach followed in second with a daily rate of $133 for the cheapest available car.
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Andy Taylor, executive chairman of Enterprise Holdings, is one of four travel executives recently inducted into the Business Travel Hall of Fame.
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Travis Kalanick, Uber Technologies Inc.’s chief executive officer, was indicted in South Korea for disregarding a local transportation law prohibiting rental cars from operating as cabs.
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Avis Budget Group has announced that three vehicles in its Canadian 2015 model-year fleet (2015 Volkswagen Golf, 2015 Hyundai Sonata and the 2015 Hyundai Genesis) have been named as “Best Cars of the Year” by the Automobile Journalists Association of Canada.
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Opening as the first car rental company on the Pacific island of New Caledonia in 1964, Hertz has expanded to more locations and now has a fleet of 170 vehicles.
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Avis Budget Group has agreed to acquire its licensee for the Avis and Budget brands in Norway, Sweden and Denmark for approximately $50 million.
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For the second year, car rental broker Booking Group sent Christmas cards to children of its clients worldwide. The personal Santa letters were mailed from Santa Claus Village in Lapland, Finland.
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Irish Car Rentals, a franchisee of Europcar, has opened its 14th location in Ireland in the city of Portlaoise.
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