While Portuguese tourists can help revive the hotel and restaurant industry, car rental relies primarily on foreign tourists.
With talk of a Hertz bankruptcy and federal bailouts still pending, where are the green shoots of a recovery for car rental, and who is best poised to take advantage?
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.
On-demand business models are rapidly evolving as car rental, car sharing, ride-hailing, and public transport are merging into Mobility-as-a-Service platforms. Experimentation is critical to help resolve untested legal issues around data management, liability, and duty of care.
National Car Rental received Travel + Leisure Magazine’s top honor in its annual World’s Best Awards, followed by Enterprise and Hertz.
Given the potential for future government shutdowns, uncertainty in spending on public sector travel will continue through 2019.
Bill Plamondon, vice president of ACRA, reflects on his more than 40 years in the industry and how ACRA has played a role in supporting the industry, especially from a legislative front.
Joe Knight has resigned as president of the American Car Rental Association (ACRA) but will remain on the board. Bill Plamondon has been named the new president, Robert E. Muhs is the new vice president, and Eric Rothman was appointed as a new board member.
eHi Car Services Limited, a car rental and car services provider in China, has completed an offering of $400 million aggregate principal amount of its senior unsecured notes.
According to the Certify SpendSmart Report for Q1 2017, ride hailing now accounts for 59% of all ground transportation transactions. Car rental accounts for 31% of transactions while the taxi industry only takes 10%.