U.S. Car Rental Revenue Dives 27.4% in 2020
Overall revenue of $23.22 billion lowest since 2011; year-over-year drop unparalleled.
December 16, 2020
Overall revenue of $23.22 billion lowest since 2011; year-over-year drop unparalleled.
December 16, 2020
Throughout the five days, seminars and discussions focused on a variety of issues, from the COVID-19 pandemic and travel restrictions, to the battle over independent contractors and customer engagement.
October 28, 2020
Sixty-eight percent of people traveling to Lithuania are most likely to trust the German manufacturer to get them around on their holidays, with a fifth of all rentals being the VW Polo.
October 6, 2020
The car rental market in Turkey has recovered somewhat as travelers utilize leasing to avoid public transportation during the pandemic.
August 26, 2020
While app-based and contactless rentals have increased during this pandemic, your customers still want and need to engage at your location. How well you interact sets your business apart.
June 8, 2020
From increased rental deliveries and CDC-level germ eradication standards to a newfound connection with customers, car rental won’t be the same “After Coronavirus.”
April 15, 2020
In Brazil, the local vehicle leasing business has dropped by 25%, while the Brazilian car rental industry has taken a 90% hit.
April 7, 2020
Rate Gain analyzed rate data from over 28 U.S. markets pre-coronavirus pandemic (Jan 1 to Feb. 28) and after onset of the pandemic (March 1 to April 30). Remarkably, some markets have shown an overall gain, in the early days of the pandemic at least.
April 1, 2020
With the Coronavirus pandemic causing a halt in travel, hundreds of unused rental vehicles are parked at several lots around Phoenix. Springtime is usually a busy tourist season for Arizona.
April 1, 2020
While inter-city bookings have suffered, intra-city car rentals have remained stable, as many are choosing to rent cars in lieu of using public transportation.
March 22, 2020
Brazil’s car rental industry grew to a record number of daily rentals in 2019, driven by rentals to drivers for transportation network companies (TNCs).
March 21, 2020
The annual Fact Book contains data and analysis on the U.S. car rental market as well as directories for car rental companies, auto manufacturers, and suppliers.
January 14, 2020
The estimated $31.87 billion in total revenues continues a string of 11 years of uninterrupted growth.
December 18, 2019
According to a mobility report by Avis Budget Group, 82% of respondents said owning a car was still important, but 54% said they are prepared to give up car ownership and rely on long-term rental, on-demand, or subscription services in the future.
December 3, 2019
While average rates lowered during the winter months, July rose as winter hit mid point, with three of New Zealand’s largest rental locations experiencing a 5% increase.
August 6, 2019