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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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Zipcar will be “zipping” into the holiday season with a new five-week campaign offering donations to local charities and special discounts and deals, including an online Zipcar Shop and Zipcar gift certificates.
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Fox Rent-A-Car, the fourth largest car rental agency in the U.S., today announced completion of a new four-year $325 million senior credit facility led by Bank of America and a subordinated loan of $20 million provided by Harvest Capital.
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Enterprise Rent-A-Car has appointed Bioline as its franchise partner in the Baltic states of Estonia, Latvia and Lithuania. Currently, the Enterprise brand is available in 29 European countries.
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Avis Car Rental announced the celebration of operating in the Bahamas for more than 50 years. Today, it has four locations on Grand Bahama and Nassau/Paradise Island.
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In 2015, CarTrawler, an online global car rental platform, will be moving beyond car rental to offer a range of ground transportation solutions, including limousines and taxis.
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Business travel spending in India is expected to grow 8.6% in 2014 to $62.2 billion and increase another 9.5% in 2015 to $28.6 billion, according to the latest semi-annual “GBTA BTI Outlook — India” report.
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After launching at all U.S. Hertz locations in July, Hertz’s Certified Clean & Safe program is now being implemented in 30 of Hertz’s major airport locations across Europe.
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National Car Rental is now offering its Emerald Club Priority Service at airport locations in several Latin American countries, including Costa Rica, Nicaragua, Guatemala, Peru and Uruguay.
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At the 2014 Avis Car Rental Licensee Awards for Asia Pacific, Avis Car Rental Philippines has been honored as Licensee of the Year.
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After raising $8.3 million in May, French peer-to-peer car-sharing Drivy has expanded its services to Germany.
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