Upload
others
View
1
Download
0
Embed Size (px)
Citation preview
Serving Airport
Customers Ray Hastings
1
2
3
Acquired by Enterprise in 2019
Integrated platform to manage travel
logistics for business travelers, travel
managers, travel management
companies and suppliers
Industry-leading collision claims platform
developed and managed by Enterprise
Integrated system that leverages
data and insights to streamline the
post-accident process to assist service
providers working to get customers on
their way and back into a vehicle
EXPANDING WITH NEW TECH AND NEW PARTNERS
4
Enterprise’s start-up investment arm that targets emerging
transportation technology and mobility companies
Recent investment partnerships have included:
• Booster
• Deliv
• Mobi
• Migo
Enterprise Holdings
Ventures
EXPANDING WITH NEW TECH AND NEW PARTNERS
U.S. CAR RENTAL
INDUSTRY REVENUE
5
Airport Car Rental Revenue*
$1,913,835,727
2018
6 *Source: https://cats.airports.faa.gov/Reports/rpt127Totals.cfm
Airport Revenues
$21 Billion
Airside: 54%
Landside: 46%
40%
Rental Car Revenue
~$2 Billion (excluding CFCs)
Makes up 21% of Landside
FAA DATA: 2016
34%
11%
7% 1%
Aeronautical Operating Revenue
Nonaeronautical Operating Revenue
Passenger Facility Charges, Grant Receipts, Interest
$11.3 B
$9.7 B
7
Rental Car Airport Revenues
$2 billion
CONCESSION FEE
10% (Minimum Annual Guarantee)
RENTS – GROUND RENT &
FACILITY RENT (where applicable)
Terminal (counter/office) space
Ready/Return space
Service Facility (QTA) space
CUSTOMER FACILITY
CHARGES NOT INCLUDED
Funding tool
for consolidated facilities
8
Enterprise Holdings
in Pennsylvania
200
locations
5
major airports
$29,000,000
in state & local taxes paid
3,500
employees
$120,000,000
in payroll
$1,000,000
charitable giving
9
Enterprise Holdings
10
Strong customer service track record
Serve 139 certified airports, plus GA-only airports
Two Primary Services, Two Airport Revenue Models
For-hire Transportation Taxi, limo, TNC Car Rental
11
12
“The average rental period is five days and these people, in most
cases, are traveling.” -Turo spokesman Steve Webb, as quoted by the New York Daily News in March 2017
P2P: Car Rental is Car Rental
13
OF THE VEHICLES OFFERED FOR RENT ON ONE OF THE P2P CAR RENTAL SERVICES IN PENNSYLVANIA …
25% owned by entities that own four or more vehicles
Taking inactive cars out of the calculations, 49% of cars listed are from these same fleet owners
71% of the trips logged in this state are from vehicles listed by those fleet owners
45% of the active vehicles on the platform are offered for rental at local airports
Peer-To-Peer
(“P2P”)
Car Rental
14
LACK OF MARKETPLACE PARITY Right now, P2P car rental providers are transacting car rental business:
At your airport With your deplaning passengers
Contributing
to terminal congestion
LAX, SFO, BOS
prohibiting curbside access
CONGESTION AT THE TERMINAL CURBS
15
P2P Updates
16
Many airports have sent P2P
"cease & desist" letters
TPA conducted P2P RFP process
& has a draft P2P agreement
SFO, TPA & BOS have all
commenced lawsuits against a P2P
(a P2P commenced a lawsuit against LAX)
Several states have passed
legislation to ensure P2P is
regulated
Letters, Lawsuits & Legislation
WE’LL GET YOU THERE.
17
18
Thank you.