A U.K.-based industrial consulting firm is predicting that the car rental industry will more than double in size by decade's end and will be worth $230 billion U.S. by 2029.
Avis announced that it has connected 200,000 vehicles to its cloud-based technology platform, reducing operating costs and garnering positive feedback.
Avis won top honors as the world’s leading car rental company in a World Travel Awards ceremony, marking the second consecutive time Avis has taken home the award.
Avis has made waves in the industry by revamping its mobile app to add more conveniences to the rental experience, prompting others to follow suit.
Avis Car Rental has been steadily hyping the upgrades and improvements over its mobile app, and the innovations to its design and functionality have certainly paid off.
Connectivity was able to use data to track mileage and fuel usage and pin down the level of the car’s engine performance and tighten maintenance schedules.
Avis and Hertz, who are relatively more vulnerable to ride-sharers simply because of their smaller company sizes, offered what worked for them to improve their revenues.
The idea behind the partnership is to have Otonomo collect all the data involving all the fleets of Avis and its wholly owned subsidiaries that include Budget and Zipcar.
Besides introducing features to help users better manage their accounts, Avis has announced its plan to roll out a new mobility brand called Smile Rent.
It's a new feature called Split My Bill, that enables customers to divide payments on its vehicle rental between two different methods of payment, whether they be cash, debit or credit.