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[ad_1] Avis Budget Group executives during a Friday earnings call focused on lowering its fleet size, increasing utilization and prioritizing “higher-margin business.” “Our primary goal has...
[ad_1] Privately owned company Enterprise Mobility—which owns the Enterprise, National and Alamo car rental brands—reported record annual revenue of more than $38 billion for its 2024...
[ad_1] Travel prices are moderating in most markets around the globe, according to a new forecast and report from CWT and the Global Business Travel Association....
[ad_1] In what has become somewhat of a trend this earnings season, Hertz is in the “midst of a critical transformation for our company,” and its...
[ad_1] Business travel demand has had “gradual, consistent growth” in the first quarter as pricing remains elevated across several categories, according to FCM Consulting’s Global Quarterly...
[ad_1] Lyft executed about 187.7 million rides in the first quarter, an increase of 23 percent year over year, with gross bookings of nearly $3.7 billion,...
[ad_1] Hertz’s Stephen Scherr will step down from his CEO role and member of the company’s board of directors on March 31, the company announced Friday....
[ad_1] Germany-based car rental company Sixt reported 2023 revenue of more than €3.6 billion (nearly US$4 billion), an increase of 18 percent year over year and...
[ad_1] When thinking about leasing a car, you are agreeing to rent a vehicle for a set length, frequently 2-4 years. It’s pivotal to enter the...
[ad_1] Nearly a month after announcing the sale of one-third of its electric vehicle fleet and one day after reports of“paused” purchases of Polestar EVs, Hertz on Tuesday...
[ad_1] Choice Hotels International has partnered to offer electric vehicle manufacturer Tesla’s universal electronic vehicle chargers at the company’s properties in the United States, Choice announced...
[ad_1] Polestar has agreed to let Hertz “pause” its purchase of electric vehicles this year from the manufacturer, provided the rental company not sell its current...
[ad_1] Many corporations have announced sustainability goals, but ensuring their business travelers rent electric vehicles is part of few companies’ strategies, according to a new BCD...
[ad_1] Car rental company Sixt recently opened six new U.S. off-airport locations, the Germany-based company announced Thursday. The locations are at the InterContinental Hotel Doral in...
[ad_1] Germany-based car rental company Sixt has agreed to purchase up to 250,000 vehicles by 2026 from manufacturer Stellantis, with the first deliveries to take place...
[ad_1] After leading the car rental industry with purchases of electric vehicles, and partnerships to develop charging stations, Hertz has decided to sell about 20,000 EVs...
[ad_1] President Joe Biden on Thursday issued new guidelines for U.S. federal employee travel aimed at increasing use of sustainable travel options. The guidelines include directing...
[ad_1] Avis Budget Group reported record rental days, transactions and revenue for its Americas division during the third quarter, “highlighting robust travel demand,” ABG CEO Joe...
[ad_1] Avis Budget Group is making changes to its executive team, the car rental company announced Wednesday. Effective Jan. 1, 2024, ABG EVP of the Americas...
[ad_1] Though lacking in specifics, Hertz CEO Stephen Scherr said during a Thursday earnings call that corporate volume and revenue continued to grow in the third...