San Jose, California (PRWEB) 29 February 2012
Follow us on LinkedIn? The tourism industry is one of the largest industries in the world, consisting of a wide range of businesses such as airlines, railways, shipping companies and car rental together with tour operators, agents and suppliers. The car rental market, which forms an integral part of this industry consists of two main sectors: general (including airport and non-airport segments) and replacement insurance. While the car rental market comprises a number of important general business, rental cars, especially for business and leisure, insurance replacement rental car segment, especially in people who have lost their vehicles, for theft, accidents or breakdowns. A significant part of the market? S revenues are derived from rental at airports, taking into account that the industry is highly dependent on the travel and tourism industry, especially air travel.
globalization and the concomitant rise in international tourism over the years have supported the growth and development worldwide in the car rental industry. The demand for reliable and quality led to the extension of the rental car rental brands in the world. The internationally renowned brands such as Hertz have successfully integrated their operations geographically distributed to provide their customers with the family trips around the world. In the coming years, information technology, in order to develop a new generation of car rental companies able to take advantage of technologies such as GPS / Satellite Navigation / lead telematics company, and the Internet in order to optimize the efficiency of fleet management, vehicle fleet to reduce costs to increase revenue-per-hire, increase the reservation / booking efficiency and improved service levels, in terms of greater comfort and better rental networks. To survive in an increasingly competitive market where players for a piece of the market with the cold eyes of the profit margins are fighting to be the company to focus are on building brand portfolios truck brands rent and value-oriented leisure brands in the recession cost punishes consumers more cautious and cost-conscious corporate clients.
Although the car rental companies as a whole recovered from consumers and business cuts that brutalized the industry during the recession, 2007-2009, the industry in Europe bogged down by fears of debt crisis in the euro zone impacts of tourism and travel indebted economies. The optimism is expected that in 2011 prevail in the end a note of encouragement for tourism services, which recorded the level of bookings and occupancy of the hotels marked positive growth. Furthermore, political conflicts and civil unrest in the Middle East and North Africa Re-channel travel to southern Europe. While the stock markets? by encouraging a cautious optimism encouraged by the government? recent attempts to stem the debt crisis, however, the lack of a lasting solution to the problem of mounting financial weaken further holiday / travel / aviation industry in the region in the immediate future and a call to the impact on the car rental market. In the United States, while short-term market sentiment and confidence levels is limited by concerns about the state of the economy, the impact of the debt crisis of the euro into the local economy, lower economic activity and fluctuations in GDP growth remain, the prospects for long-term growth is strong.
An important trend global car rental market
remarkable is the increase in the number of online transactions. In line with the trend, rental car companies are using the Internet to provide customers with easy online payment and booking options. The market is also witnessing a shift towards more environmentally friendly, enviromentally cars such as electricity, natural gas and hybrid cars. Sustainable business rather than in spite of the lack of funds. These low-emission cars are best suited for short trips, and therefore a greater demand comes from business travelers.
As in the report of new research into the business of car rental, United States dominates the world market. Europe will remain one of the fastest growing regional market, with forecast growth of 3.7% the analysis period. Growth in developing countries by the tourism boom in recession after the global economic crisis 2007-2009, which will be a shift in preference encouraged for hotspots popular tourist destination attracts moved away from low-cost generic, countries or regions such as China, India, Australia and the Middle East. In addition, growth will be driven partly by privatization and deregulation of the car rental industry in these countries, thereby creating personal disposable income and the holding of mega-sporting events like the football World Cup in 2014 and the 2016 Olympic Games, a center for tourism. Airport car rental is expected that the rapid growth of 4.0% in the period of analysis testify.
important players in the market are: Avis Budget Group, Dollar Thrifty Automotive Group, Enterprise Holdings, Europcar, Payless Car Rental, Rent-A-Wreck of America, Sixt AG, and The Hertz Corporation.
research report titled Enterprise Car Rental: A Global Strategic Business Report? announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and forecasts in U.S. dollars for major geographic markets such as the USA, Canada, Japan, France, Germany, Great Britain, Italy, Spain, Russia, Asia-Pacific, Latin America and the Middle East. The segments analyzed include car rental and airport to airport, and the segments analyzed by sector including leisure, business and insurance replacement.
For more details about this report, the global market research, please visit?
http://www.strategyr.com/Car_Rental_Business_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of market research off-the-shelf. Founded in 1987, the company currently employs over 800 people worldwide. Published annually over 1300 GIA scale research reports and market analysis of 40,000 +, and technology trends, while monitoring worldwide of more than 126,000 companies. For more than 9,500 clients in 27 countries, GIA is considered one of the largest and most prestigious companies in the world of market research.
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