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| Has the Recession Slowed the Car Rentals Business? |
21 Dec |
Unless you’ve been living under a rock for a few months, you know how bad the economy has been lately. It seems like every day there is another story about a company shutting down or a stock taking a dive.
One industry that’s undergone its fair share of struggles is the rental car market. Denver CO car rentals, Orlando rental cars, and other areas throughout the country are failing to meet previous years’ numbers. The reason for this is obvious. People aren’t traveling as much these days. And since fewer people are traveling, it’s harder for a company to sell a Denver car hire.
Now, this isn’t to say that the industry is dying because they still get regular sales from traveling businessmen. However, the next few months of recession will be difficult to wade through. That’s why many car rental companies are hoping for a big push over the holidays. If a large amount of people still decide to travel on Christmas, the rental car industry could get the lift it needs to round out the year.
It’ll be interesting to see where the industry goes from here. People will always need rental cars, but the industry needs to take new measures to entice new customers.
One Response to “Has the Recession Slowed the Car Rentals Business?”
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June 10th, 2009 at 3:43 pm
As long as people are unemployed and afraid of losing their homes to foreclosure the entire travel industry will be hurting. Travel is seen as a luxury and as the economy picks up again and people are getting and keeping jobs, the car rental business will pick up as well.