Andrew Sheivachman, Skift
Avis Budget Group's rental business in the U.S. was unexpectedly weak in early 2016. The good news is that a European car rental resurgence seems to be in the offing for the company.
3 years ago
Dennis Schaal, Skift
The Avis Budget CFO said its core business and Zipcar haven't felt a major impact from ride-hailing apps such as Uber and Lyft. When the punch eventually comes it could be Zipcar that takes the body blow.
4 years ago
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
Dennis Schaal, Skift
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.
5 years ago
Dennis Schaal, Skift
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.
5 years ago
Dennis Schaal, Skift
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.
5 years ago
Charles Fleming, Los Angeles Times
Boston gets to try the new Zipcar one-way service. It will be interesting to see what the fees will be given the fact that there will be no charge for gas or parking.
5 years ago
Harrison Weber, VentureBeat
You need both high density and some free parking spaces to make this work, which is why it can work in some European cities but would be a tough sell in New York.
5 years ago
Dennis Schaal, Skift
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.
5 years ago
Dennis Schaal, Skift
Sometimes acquired companies transition to the parent company and lose their whole mojo. That doesn't appear to be happening with Avis Budget and Zipcar, which is getting newer vehicles at lower cost, and is positioned to move into new geographies at a quicker pace.
6 years ago
Dennis Schaal, Skift
The next step in Zipcar-Avis Budget buddying-up is technology sharing, with Avis Budget cars expected to get a Zipcar refresh. At least that's the plan.
6 years ago
Samantha Shankman, Skift
Tourism expanded globally, airlines and rental car companies faced consolidation, guidebook brands were sold off, and travel tech got better: We don't expect these major stories to disappear in the next year and plan on covering where they lead us just as carefully.
6 years ago