LOS ANGELES, Dec. 7, 2017 /PRNewswire/ -- TravelCar, the global innovator in airport parking and carsharing for travelers, was recognized for its innovative ancillary revenue product at the 8th Annual Airline Information Mega Event held in Palm Springs, Calif. In "The Lions' Den" competition, a showcase of new products and services in which five companies were given five minutes to pitch their innovation to a judging panel of airline industry executives selected from top airlines in the United States, TravelCar won the two awards handed out - Best Product and Best Pitch.
Ancillary revenue has proven to be a highly successful way for airlines to increase their profits and as they look for ways to further their growth, adding a global airport parking booking solution such as TravelCar, which is available in 50 countries on five continents with 30 different languages and 25 currencies, will play a key role in that growth.
"We're thrilled to be recognized by the esteemed panel of judges," said Ahmed Mhiri, CEO of TravelCar. "It was an honor and a pleasure to pitch at the event and we thank Airline Information for the opportunity."
TravelCar, founded in Paris, France in 2012, launched in the United States this summer and has rapidly expanded to 50 domestic markets. It plans to continue its aggressive expansion in 2018 and beyond, in North America as well as the rest of the world.
For more information, visit www.travelcar.com.
TravelCar is the world leader in airport based carsharing services. Founded in 2012, TravelCar currently operates in 50 countries and provides travelers free parking at airports, train stations and city centers in exchange for renting out their cars to other travelers. TravelCar is known for investing heavily on customer service with a best in industry call center available 24 hours a day. TravelCar also brokers parking spots at an extensive network of parking facilities through travel agencies and its website travelcar.com. TravelCar raised more than $20 million in funding through several rounds and French car maker Groupe PSA currently serves as a shareholder.