Tidal Surge in Demand for Car Rental Services Boosted by Increased Tourism
FARMINGTON, Conn., April 9, 2013 /PRNewswire-iReach/ -- The car rental market represents an integral part of the travel industry. An improving financial landscape and higher spending on leisure activities and overseas travel means a tidal surge in demand for car rental services in the last few years. The US car rental market remains the undisputed leader.
An absence of regulatory standards to guide the car rental industry means that each company formulates its own set of rules, usually based on maximizing revenue generation. This unregulated system creates confusion and fluctuations in price and service at the customer's cost; hence, most car renters will either research prices with local agencies for rental prices or browse for an optimal price on the internet.
Another trend in the car rental market is the rise in online transactions. Car rental companies have implemented easy online payment and booking options to further leverage the internet as a major customer channel.
Global Information Inc offers market research reports on the global car rental industry from our leading partner publishers. Two new reports are highlighted below.
Global Car Rental Market Report
Car rental companies or agencies who cater to travellers are normally located in busy urban hubs. These companies will typically operate via two segments: Rent-a-Car and Fleet Rental. The rent-a-car segment is vulnerable to the fluctuations in the global economy, finds the new report, which provides a comprehensive analysis of the global car rental market with regional focus on the US, Brazil, Korea and Russia.
Factors which are expected to drive growth in the car rental market include the growing travel and tourism industry, rising demand for recreational and leisure activities, increasing population of urban people and HNIs and the ameliorating economic scenario which has increased the consumer spending power.
More information about this report and a free sample are available at http://www.giiresearch.com/report/koan222455-global-car-rental-market-report-2011-edition.html
Forecast Revisit for the Global Travel and Tourism Industry
Growth in the travel industry is expected to continue in the next five years and beyond. The fastest growing categories include online travel, low cost carriers, medical tourism, shopping tourism, rail transport and private accommodation.
Offering insight into the size and shape of the travel and tourism market, the new report identifies the leading companies and brands, offers strategic analysis of key factors influencing the market for the following product sectors: car rental, demand factors, health and wellness tourism, tourism flows domestic, tourism flows inbound, tourism flows outbound, tourism receipts and expenditure, tourist attractions, transportation, travel accommodation, and travel retail.
More information about this report and a free sample are available at http://www.giiresearch.com/report/eo264717-forecast-revisit-global-travel-tourism-industry.html
Find more market research for the automotive and tourism industries
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About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Jeremy Palaia, Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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