Destination News - Car Rental

Airguide Online, March 17, 2008

Mar 17, 2008

Car rental buyers mostly are signing one- or two-year contracts with two car rental companies, according to a recently released survey, highlighting what analysts called a growing move toward longer contracts with fewer vendors that allow for renegotiation at specified periods of time. Consulting firm Runzheimer International last month released a survey showing that 62 percent of 43 corporate, educational and government respondents surveyed had two signed contracts for negotiated car rental rates, while 15 percent had only one. Only 23 percent had three or more signed contracts. Runzheimer recommended limiting contracts to one supplier to improve concessions. Mar 10, 2008

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