TransportCars

Zipcar’s Q4 profits triple before its pending acquisition by Avis

Zipcar’s profit more than tripled ahead of its pending acquisition by Avis Budget Group as the car-sharing company recorded strong revenue was also helped by a large tax benefit. For Q4, Zipcar reported a profit of $13.8 million, or 34 cents a share, versus $3.9 million, or nine cents a share, a year earlier. Revenue jumped 12% to $70.7 million, in line with the company’s November prediction of $67 million to $71 million. Avis in January agreed to pay $500 million for Zipcar.

More details in release.

Destination Mexico: The Evolution of Luxury Travel

Luxury travelers are looking for more than just posh accommodations and generic pampering. Savvy suppliers and tourism organizations are capitalizing on the desire for authentic experiences, as the sharing economy continues to present new ways to connect travelers with local culture.

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