The board of Dollar Thrifty has accepted a higher offer from car rental giant Hertz. The revised takeover deal is worth about $1.56 billion in stock and cash, and trumps a rival offer from Avis Budget.
* £280M SPENT by US holidaymakers ON Car hire insurance * £169m COULD BE SAVED IF cover BOUGHT IN ADVANCE * British drivers urged to ‘buy before they fly’
A widespread rental car shortage at Faro Airport in the Algarve is causing concern for tourists visiting this popular holiday region this summer. Matt May from Blue Valley Car Hire describes the situation.
Shares in Avis Europe have fallen sharply after the car giant announced that it is to carry out a £151m rights issue in a bid to bolster its balance sheet.
Excise Taxes Hurt Business Travelers, Local Economies
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Car hire companies are failing customers when it comes to providing affordable car hire insurance, new research from moneymaxim.co.uk reveals.
Hertz, the world’s largest car rental market, has agreed to buy its smaller rival Dollar Thrifty for $1.2 billion in a deal that heralds significant consolidation within the sector. The deal will strengthen Hertz’s share of the leisure market by adding another 1,550 locations to its global portfolio.
The UK’s first car hire insurance comparison search engine has been launched. From money saving comparison service www.moneymaxim.co.uk the unique service can save anyone renting a car at home or abroad a substantial sum of money.
Though it will never rival car hire in terms of volume, motorcycle hire is growing in popularity. While car hire caters to families and all kinds of customers, motorcycle hire tends to be the preserve of singles and couples who are looking to have a good time.