Overall industry revenues grew an astounding 24.7% over 2021, easily outpacing the previous record set in 2019.
Avis Budget Group’s global revenue of $3.2 billion and net income of $774 million were not only the best second quarter revenue and incomes in the company’s history, but also the best in any quarter ever.
Earnings fared even better, as Hertz posted $614 million in adjusted corporate EBITDA — its best performance in the first quarter since 2007.
The bonuses come as Sixt increased its workforce by over 2,500 new employees in 2021.
ARN's 34th annual Fact Book contains new data and analysis on the U.S. car rental market, as well as directories for car rental companies, auto manufacturers, remarketers, and suppliers.
The U.S. car rental industry’s expected revenues of $28.1 billion in 2021 represent the largest year-over-year gain in recorded history.
For the quarter, Avis recorded more than $1 billion in adjusted EBITDA, its best adjusted EBITDA in company history. Stock surges on Avis's electrification intent.
Overall revenue of $23.22 billion lowest since 2011; year-over-year drop unparalleled.
RateGain and Arvoia’s partnership will result in the co-creation of a solution aimed at improving profitability while focussing on improving the customer experience as well.
In the fourth quarter of 2019, Avis Budget Group posted record revenues on improved fleet costs, utilization. Full-year revenues increased to a record $9.2 billion.
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