In an interview with CNBC, Avis Budget Group’s CEO Joe Ferraro was asked about how the company transitioned into the coronavirus environment and how the Hertz bankruptcy might affect Avis.
By a wide margin, Americans planning trips in 2020 plan will travel by car and stay either at family or friend’s house or hotel.
The specially designed stamp will allow travelers to recognize governments and companies around the world which have adopted health and hygiene global standardized protocols.
Car rental operators implementing new customer processes as a result of the coronavirus pandemic must consider state laws regarding remote, electronic, and extended transactions — especially those not yet updated for the digital age.
The latest protocols for the global travel and tourism sector focus on measures to ensure the reopening of global attractions, drive business to car rental companies and enable short-term rentals to begin welcoming guest.
As a result of the current health crisis, car rental prices have gone down across the globe.
The BVRLA’s priorities include tax and incentives to stimulate vehicle demand, maintaining financial liquidity for vehicle financing, and supporting the rollout of clean air zones.
According to a Global Business Travel Association poll, half (49%) of companies plan to resume domestic travel in one to three months and 22% plan to resume all travel in the next one to three months.
Independent and franchised car rental companies are adjusting to new realities during the pandemic with makeshift contactless rentals, deliveries, creative car cleaning, and goodwill to competitors. While policies are relaxed, the trick is to avoid getting burned.
The company reports a new high with over 79,000 rental days in May while moving its insurance liability programs to Lloyd’s Apollo 1969 syndicate, a gig economy provider.