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.
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.
The first year of accumulated metrics from AutoIMS consignors and auctions points to a continued supply chain squeezing vehicle prices and mileage higher.
The Cox Automotive Insights team looks at key industry trends ahead that overall point to a healthy year.
This year, highlights on ARN’s website included news and articles on the industry’s supply shortage and highlights from several rental operators.
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.
According to the American Hotel & Lodging Association’s survey, 69% of leisure travelers and 67% of business travelers plan to take fewer trips.
The business travel industry continues to report an overall optimism about the return to business travel, but the rise of the Delta variant and other variants has caused uncertainty and increased concern over the past month, according to a recent GBTA poll.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
