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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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Total spend value for U.S. business travel processed via TripActions Liquid grew 114% from January 2022 through March 2022, while March 2022 saw a 1,681% YoY increase in spend.
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The car rental operator is continuously expanding to two new locations and a projected growth of 16 locations in the first quarter of 2022.
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Business travel is still nowhere near its pre-pandemic levels, but transaction recovery in the last week of February 2022 hit 51% of 2019 levels, a 23-point improvement from mid-January 2022.
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Firefly and Hyundai Motor America partner to create a pilot program called Hyundai Drive by Firefly, which offers rideshare fleets and drivers income potential of up to $3,600 per year.
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As the car rental industry is poised for growth, operators must learn to anticipate customer needs while continually staying on top of technological trends.
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Summer is fast approaching. Set your car rental business up for success with these five tips to prepare for the upcoming rush.
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In five years, the capitalization of the carsharing market in the U.S. is estimated to grow to $187 billion. As the industry develops even more rapidly, it will have to figure out several big challenges.
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As part of its plan to add 100,000 Tesla vehicles to its fleet by the end of 2022, Hertz will be offering the Model Y SUV at select locations in April. The company has offered the Model 3s since October.
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The international rental operator welcomes new affiliates with its expansion across North and South America, the Caribbean, and Europe.
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With more people traveling in and out of Austin-Bergstrom International Airport, travelers are seeing longer lines at the rental car facility. Recently, airport staff told customers to leave vehicles parked in the return lane so they wouldn’t miss their flights.
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