January’s government shutdown, the most severe in U.S. history, wreaked havoc on government employees. It also negatively impacted the car rental agency and other transportation and hospitality industries.
The estimated annual growth will be driven by such factors as a boost in air travel, higher levels of disposable income among clients and an increasing degree of tourism, both domestic and international.
With car rental companies hinting at further transitioning over to green fleets, UFODRIVE, is differentiating itself from the rest of the market by having nothing but electric powered vehicles in its rental inventory.
In North America, Europe and parts of Asia, the car-rental industry has been enjoying a steady increase for years. But that growth is nothing compared to the leasing frenzy taking place in Moscow these days.
Turo has had an impact on the car rental market like never before. It has established players scrambling for a competitive advantage with the government second-guessing itself in how to even define the industry.
The worldwide luxury car rental market is expected to exceed $22.5 billion, according to a Market Research Nest study. That’s a phenomenal jump in a short span, as the industry was worth some $10 billion in 2016.
Rental car reservations that exclusively require credit cards may soon be a thing of the past. Dollar Rent-A-Car’s announced its latest policy will enable employees to accept debit cards to hold vehicles as well.
According to trade publication Auto Rental News, there’s plenty of reason to be optimistic about how accessing the amenities of the current information age can help the bottom line regardless of company size.
The project is going to be focusing on four key areas. The company is also going to be working closely with higher education institutions to help with skill development and capacity development of local talent.
Cadillac is bringing back a service known as Book, which allows customers to subscribe and get the benefits of insurance, a revolving door of luxury vehicles, and concierge-like services.