Articles tagged “hertz”

New acquisition Deem is well placed in the current climate, helping corporate travel agencies develop booking tools to navigate complex Covid-era trips. But can it keep up with demand?

In Skift's top stories this week, we covered the Maldives' experiment with new tourism models, the blurring of work and travel, Priceline's acquisition of an airline technology startup, and a Skift research analysis of hotel direct booking.

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.

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.

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.

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.

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.

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.

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?

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.