Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

[PDF] The Hertz Corporation partnered with Aeroméxico for Mexico car rental market

gbaf1news

United States/WA: Economy car segment was valued at US$ 378.4 Million in Mexico car rental market in 2018 and is expected to register a CAGR of 8.6% between 2019 and 2027.

Report Pages:[90 Pages]

Major Key Companies Involving in Mexico Car Rental Market:
Hertz Corporation, Sixt SE, Avis Budget Group Inc., Alamo, National Car Rental, Europcar Group S.A., MEX Rent a Car, Budget Rent A Car System, Inc., Fox Rent A Car, and Thrifty Car Rental, Inc.

Market Overview:

A car rental, vehicle hire, or car rental service is a privately owned company that leases cars to the general public, usually ranging from several days to a couple of months. Car rentals are available in almost every city, state, and country throughout the world. Car rental services are very popular throughout the world. Since most people prefer renting rather than buying a new vehicle, car rental companies have grown rapidly over the years and can be found in just about every city, town, and country.

Request a sample PDF copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/3177

Key Market Drivers:

Improving living of standard and growing number of leisure travelers in Mexico is driving growth of the Mexico car rental market. Thus, expanding travel & tourism will also favor growth of the market. According to the Mexican Embassies Abroad, in the first trimester of 2021, U.S. nationals represented 75% of all passengers arriving in Mexico by air travel. Of all arrivals, Canadians represented 1.6%, Europeans 7.1%, and South Americans 11.6% (mainly from Colombia 2.8% and Brazil 2.2%).

Growing adoption of growth strategies such as mergers & acquisitions by key players is expected to foster growth of the market. For instance, in August 2021, Hyatt Hotels Corporation announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a luxury resort-management services, travel, and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC for $2.7 billion in cash.

Key Takeaways:

  1. The Mexico car rental market is expected to exhibit a CAGR of XX % over the forecast period, owing to the increasing launch of advanced approaches for car rental agencies in Mexico.
  2. A growing number of partnerships and collaboration for expanding customer reach is fostering growth of the market. For instance, in June 2017, HTZ announced that its subsidiary The Hertz Corporation has inked a deal with Hertz Mexico (operated by Avasa) and leading Mexican airline – Aeroméxico.

Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by

Covid-19 Impact Analysis 

The spread of Covid-19 has enormously impacted the travel & tourism industry due to travel restrictions. The negative effect on travel & tourism has impacted the car rental market parallelly. With the implementation of containment rules & regulations, there was low demand for rental cars near airports. This has negatively impacted growth of the car rental market in Mexico.

What Sets Coherent Market Insights Apart From the Rest?

Flawless, prompt, and efficient customer support
Accurate representation of knowledge collected from trustworthy secondary and first sources
Addressing over 300 client queries each day
The systematic and methodical market research process
Successfully delivered customized reports to clients from over 60 countries.

In the end, Our business offerings show the latest and the most reliable information crucial for businesses to strengthen a competitive edge. The report then emphasizes on market driving factors, opportunities regulating the market growth, as well as emerging opportunities, potential technical advancements of the Mexico Car Rental Market.

People Also Search For Following Reports:

Online Travel Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, (2016–2024)

Intelligent Transportation Systems (ITS) Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, (2016–2024)

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

The post [PDF] The Hertz Corporation partnered with Aeroméxico for Mexico car rental market appeared first on Gatorledger.

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Advertisement

Newsletters with Secrets & Analysis. Subscribe Now