Question 1

Who are the major players in the tourism vehicle rental industry?

Accepted Answer

Major players in the industry include Alamo, Avis, Booking.com, Budget Rent A Car, CarTrawler, Cruise America, Dollar Rent A Car, Enterprise Rent-A-Car, Europcar, and Expedia.

Question 2

What is the projected worth of the U.S. tourism vehicle rental market?

Accepted Answer

The U.S. market is projected to exceed USD 40 billion by 2032, led by the country's diverse landscape and attractions.

Question 3

What was the tourism vehicle rental industry share of the online booking segment?

Accepted Answer

The online booking segment held around 76% of the market share in 2023, attributed to its convenience and alignment with consumer preferences for digital interactions.

Question 4

How much is the short-term rental segment expected to be worth by 2032?

Accepted Answer

The short-term rental segment is projected to exceed USD 110 billion by 2032, supported by the growing popularity of weekend getaways and impromptu trips.

Question 5

How big is the global tourism vehicle rental market?

Accepted Answer

The market size of tourism vehicle rental reached USD 81.5 billion in 2023 and is set to grow at a CAGR of 8.3% from 2024 to 2032, driven by rising travel trends.

Tourism Vehicle Rental Market Size - By Vehicle, By Rental Duration, By Booking Channel, By Pricing Model, By Service, By End Use, Analysis, Share, Growth Forecast, 2024 - 2032

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