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Articles tagged “hertz”

Rental Cars

Hertz Bidding War Winner Is Certares and Knighthead in an Auction

Now that the investor winners and losers are clear, Hertz is tasked with the even harder job of retooling the business to adapt to a diminished business travel environement — at least in the short term.

Hertz Bidding War Winner Is Certares and Knighthead in an Auction

Rental Cars

Hertz Bidding War Escalates With Revised Bid From Certares

After two bids, and now a revised bid, the bidding war to lead Hertz out of bankruptcy is heating up. The proverbial ball is in Hertz's court at the moment.

Hertz Bidding War Escalates With Revised Bid From Certares

Business Travel

Remote Work Policies Offer New Opportunities for Corporate Housing

Relocating employees for work could be big business after the pandemic, if travel companies can handle the extra pressure governments and big organizations place on them.

Remote Work Policies Offer New Opportunities for Corporate Housing

Rental Cars

Hertz Selects Centerbridge to Lead Its Reorganization From Bankruptcy

Suddenly Hertz, the beleaguered car-rental firm forced into bankruptcy, is being wooed like it's the last case of Budweiser on a deserted island. Investors see opportunity in an emerging new Hertz.

Hertz Selects Centerbridge to Lead Its Reorganization From Bankruptcy

Rental Cars

Travel Investor Certares’ Plan to Be Kingmaker in Hertz Reorganization Hits a Snag

Despite the inroads ridesharing companies, such as Uber and Lyft, have made against the car rental giants, Hertz's re-emergence from bankruptcy is now triggering a bidding war. Ridesharing and car rentals often have different use cases, but it's never too late for legacy players to mimic, partner, and otherwise adapt.

Travel Investor Certares’ Plan to Be Kingmaker in Hertz Reorganization Hits a Snag

Announcements

Why All-Inclusive Resorts Are Changing and 8 Other Top Travel Stories This Week

In our top travel stories this week, we took a Skift Deep Dive to find out why all-inclusive, luxury resorts will never be the same. We also explored post-pandemic recovery in the Philippines, Airbnb’s host dilemma, the much-anticipated electric aircraft, Hertz plans after bankruptcy, and more.

Why All-Inclusive Resorts Are Changing and 8 Other Top Travel Stories This Week

Rental Cars

Hertz Looks to Travel Investor Certares to Lead It Out of Bankruptcy in $4.2 Billion Reorganization

It will certainly be a challenge to transform Hertz's business. However, the car rental company is not only getting a financial lifeline, but also an assist from private equity firm Certares' wide-ranging travel rollup strategy. This will be a long-term play.

Hertz Looks to Travel Investor Certares to Lead It Out of Bankruptcy in $4.2 Billion Reorganization

Rental Cars

Hertz’s Dilemma to Raise Money While in Bankruptcy

The pandemic slowdown in travel was the final straw for Hertz, forcing it into bankruptcy protection. But the volatile stock market and the temptation to raise cash through a new stock sale added another layer of duress for the giant car rental outfit.

Hertz’s Dilemma to Raise Money While in Bankruptcy

Business Travel

This Company Is Travel’s First to Emerge From a Major Pandemic Bankruptcy

The European and Chinese backers of travel agency WorldStrides seem to think there'll be a rebound for international student travel. Do they know something we don't?

This Company Is Travel’s First to Emerge From a Major Pandemic Bankruptcy

Rental Cars

Avis and Hertz Face Big Setbacks as Airports Still Remain Desolate

With international travel still mostly off-limits, recovery will depend on how successfully these brands can shift towards off-airport rentals and compete with ridehailing firms like Uber and Lyft.

Avis and Hertz Face Big Setbacks as Airports Still Remain Desolate