car rentals Archives

Online Travel

Seera Group Rides Saudi Arabia’s Efforts to Build Tourism to First Post-Pandemic Profit

The sweet sound of "profit" seems to be making a slow and steady return in the earnings calls of travel companies in the Middle East.

Peden Doma Bhutia | 1 year ago

Ground Transport

Hertz Sees Jump in Revenues From Leisure Travelers

The rental car giant said booking around the Christmas holidays for places like California and Florida are spiking to twice 2021 levels. More evidence that leisure travel is showing no signs of slowing down.

Priyamvada C and David Shepardson, Reuters | 1 year ago

Announcements

State of Travel 2022: New Skift Research

So much has happened in the travel industry in recent years. This new report by Skift Research puts perspective on those dizzying changes by providing definitive and data-driven insight into the current state of the travel industry, and the trends that will shape the future.

Varsha Arora, Seth Borko & Wouter Geerts, Skift Research | 2 years ago

Business Travel

Inflation Be Damned as Companies Encourage Travel No Matter What

Pent-up demand seems to be trumping any worries that businesses might have over rising travel costs, which isn't your typical pre-pandemic trait. But a clash with tourists this summer might put the brakes on spending.

Matthew Parsons | 2 years ago

Tourism

6 Questions for a Top Seera Group Exec on Saudi Arabia’s Tourism Goals

Seera Group is confident that Saudi Arabia could welcome 100 million tourists a year by 2030 and commends the country's efforts to change its image at a brand level. However, it'll be some time before the perception changes overseas.

Peden Doma Bhutia | 2 years ago

News Blog

Business Travel Car Rental Demand Now Above 2019 Levels For Avis-Budget

That's according to Avis-Budget's Q1 earnings release this week. In the earnings call, Avis Budget CEO Joe Ferraro said that "in the latter part of the first quarter, we've seen the commercial demand improve as well, to points above 2019 level during the same period that quarter." That gives another indication of the strong return…

Rafat Ali | 2 years ago

Tourism

Russia Travel: Who’s In, Who’s Out

The global travel industry is split over doing business in Russia, although the vast majority of companies are abiding by the relevant economic sanctions. Moral outrage, self-interest, and disparate views over harming ordinary Russians are clashing big time.

Dennis Schaal | 2 years ago

Online Travel

6 Expedia Group Takeaways From Its Annual Report

How things change: Expedia said its sale of Egencia won't have a major impact on operations or financials, although in years' past the company touted Egencia as a rising star. In 2018, Egencia was its own Expedia reporting segment and accounted for 8 percent of gross bookings.

Dennis Schaal | 2 years ago

Startups

Certares and Hertz Lead Investment in Mobility Startup UFODrive

Hertz is now in a pole position among rental car brands in the race to adopt electric vehicles. Separately, it's notable that private equity firm Certares has begun placing venture equity bets in early-stage companies.

Sean O'Neill | 2 years ago

Airlines

Airline Execs Now See Accelerated Full Business Travel Recovery

Optimism is in the air among United, British Airways, and other airlines. Rightfully so.