Serving Airport Customers - StarChapter...P2P: Car Rental is Car Rental 13 OF THE VEHICLES OFFERED...
Transcript of Serving Airport Customers - StarChapter...P2P: Car Rental is Car Rental 13 OF THE VEHICLES OFFERED...
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Serving Airport
Customers Ray Hastings
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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
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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
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U.S. CAR RENTAL
INDUSTRY REVENUE
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Airport Car Rental Revenue*
$1,913,835,727
2018
6 *Source: https://cats.airports.faa.gov/Reports/rpt127Totals.cfm
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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
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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
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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
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Enterprise Holdings
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Strong customer service track record
Serve 139 certified airports, plus GA-only airports
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Two Primary Services, Two Airport Revenue Models
For-hire Transportation Taxi, limo, TNC Car Rental
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“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
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P2P: Car Rental is Car Rental
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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
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Peer-To-Peer
(“P2P”)
Car Rental
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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
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LAX, SFO, BOS
prohibiting curbside access
CONGESTION AT THE TERMINAL CURBS
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P2P Updates
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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
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WE’LL GET YOU THERE.
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Thank you.