Articles tagged “rental cars”

Good morning from Skift. It's Thursday, March 10, in New York City. Here's what you need to know about the business of travel today.

If carsharing platform Turo can't make a profit in a red-hot rental car market like 2021, when will it?

New U.S. spending data suggests that some brands, such as Enterprise, Vrbo, and JetBlue, had a better first half of 2021 than their rivals. The travel industry as a whole should be grateful for the U.S. federal stimulus checks to consumers.

Investors should be relieved CarTrawler managed to get a deal done at all in today’s tough mergers-and-acquisitions market. The debt write-off has set up the travel tech company for promising momentum.

Three interesting companies announced investments this week: Virtuo, a car rental service, aims to replace service counters with mobile-first customer service. May Mobility builds autonomous vehicles for smart cities. NuStay offers hotel price-comparison.

As its pace of revenue growth slows, travel-tech player Travelport needs to diversify beyond distributing airline tickets. Rental cars are one bright spot. It is gaining traction thanks to a new deal with Hertz.

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convenience above all else and that's something rental car companies aren't the best at delivering, especially on their outdated websites that don't offer user-friendly experiences.