Car rental companies have bounced back in the last year by becoming smarter about how they reach customers and invest in technology.
Getting mobile self-service rentals to market quickly is clearly in the best interest of Avis Budget as business travelers prefer the swiftness of mobile as the company saw weakness with its commercial rentals during the fourth quarter.
Business travelers want convenience above all else and that's something rental car companies aren't the best at delivering, especially on their outdated websites that don't offer user-friendly experiences.
We know it's not all about us, but we've found the consolidation in the U.S. to be incredibly boring. We hope Eukopcar's CEO is totally wrong (even though he's probably right).
We lived through years of acquisitions. Now is it time for years of spinoffs?
You gotta love it when big companies speak of "tuck-in" acquisitions. One acquisition that Avis Budget is close to nailing would be for more than $50 million, and that's larger than its acquisition of Payless last year. Small, inconsequential stuff in the world of Avis Budget, and M&A.
In certain settings and circumstances, and that includes airports and business travel usage, Zipcar is turning out to be an attractive option. Hey, even AARP members are getting on board.
Zipcar accounted for only about 3.6% of Avis Budget Group's revenue in the first quarter of 2014, but Zipcar is growing and the proverbial synergies appear to be kicking in.
Car rental companies are some of the greatest recipients of the rise in air travel post-recession. A large portion of those rentals are done via Zipcar, once considered a competitor to the traditional car rental industry.
Let's see: AvisBudget now realizes 15 months after touting all of the envisioned fleet-sharing synergies with Zipcar that there are costs involved in shuttling the vehicles back and forth between locations? Very curious. One solution is allowing Zipcar to introduce one-way rides, which is a very attractive option for customers regardless.