Articles tagged “rental cars”

Virtuo Raises $23 Million for Car Rentals: Travel Startup Funding This Week

Virtuo Raises $23 Million for Car Rentals: Travel Startup Funding This Week

Sean O'Neill, Skift

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.

7 months ago

Satisfaction With Rental Cars Is Rising as Costs Stay in Check

Satisfaction With Rental Cars Is Rising as Costs Stay in Check

Justin Bachman, Bloomberg

Some travelers are more satisfied with rental cars, but that doesn't mean the industry's challenges are in the past. Uber and other ride-hailing companies are still dominant in some markets.

11 months ago

Why Car Rental Companies Won’t Go Out of Business Anytime Soon

Why Car Rental Companies Won’t Go Out of Business Anytime Soon

Justin Fox, Bloomberg

Yes, consumers — even business travelers — like to use ridesharing apps. But corporate travelers are still renting plenty of cars and paying hefty prices for them. Sometimes, that's still the best way to get around.

1 year ago

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

David Welch, Bloomberg

Forecasters say the U.S. car rental industry will find it tough to raise prices on rentals because of ridesharing services like Lyft and Uber. That's bad news for Avis and Hertz, which are not fetching high prices for their vehicles in used-car markets.

1 year ago

Credit Cards May Pay When a Traveler Crashes Their Rental Car

Credit Cards May Pay When a Traveler Crashes Their Rental Car

Gregory Karp, Associated Press

But beware the fine print, as ever. For example, collecting reimbursement from a card company can take a while, so you may have to front money for expenses.

2 years ago

Travelport Signs Deal to Get Hertz’s Prepaid Car-Rental Rates for the First Time

Travelport Signs Deal to Get Hertz’s Prepaid Car-Rental Rates for the First Time

Sean O'Neill, Skift

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.

2 years ago

Hertz to Get Third CEO in 2 Years as John Tague Exits Struggling Company

Hertz to Get Third CEO in 2 Years as John Tague Exits Struggling Company

Jamie Butters and David Welch, Bloomberg

The new CEO at Hertz will have a tough job when she starts in January. Travelers accustomed to on-demand options are losing patience with the complicated process of renting a car even as ride-sharing services continue to prove an attractive alternative.

3 years ago

Avis Budget Is Disappointed With Its U.S. Business Traveler Car Rentals

Avis Budget Is Disappointed With Its U.S. Business Traveler Car Rentals

Dan Peltier, Skift

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.

4 years ago

Hertz Has Another Lousy Quarter as Net Income Tumbles

Hertz Has Another Lousy Quarter as Net Income Tumbles

Mark Clothier, Bloomberg

A quarter like this makes you realize why they were reporting so poorly in the quarters before.

4 years ago

Zipcar Imitators in India Rent Cars at Less Than $1 Per Hour

Zipcar Imitators in India Rent Cars at Less Than $1 Per Hour

Siddharth Philip, Bloomberg

Sequoia Capital and other foreign investors are looking to the ride-sharing market in India as a huge market and a promising opportunity.

5 years ago