The Local
AFP
AFP
10:12 CEST
After long months of lockdowns and curfews Europeans are looking forward to jetting off for a bit of sun and sand only to find that their dream vacation risks turning into a nightmare as no rental cars are available.
In many areas popular with tourists cars are simply not available or subcompacts are going for a stiff €500 euros.
Car rental comparison websites show just how expensive renting a vehicle has become for tourists this summer.
According to Carigami, renting a car for a week this summer will set tourists back an average of 364 euros compared to 277 euros two years ago.
Annual General Meeting of Europcar Mobility Group, 30 June 2021 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
(Bloomberg) There’s a fly in the ointment of taking that longed-for vacation as pandemic restrictions finally ease. This summer in Europe, rental cars are blowing the budget.
Europcar Mobility Group: First Quarter 2021 Results
YET SOLID RESILIENCE IN DOMESTIC AND V&T ACTIVITIES
STRONG REBOUND IN THE US
LOWERED BREAKEVEN POINT LIMITED CASH CONSUMPTION
ROLLOUT OF CONNECT ON TRACK, WITH FIRST SOLUTIONS SERVICES DELIVERIES
Regulatory News:
Q1 2021 HIGHLIGHTS
Revenue: €356m, down -36%
2, still reflecting the impact of travel restrictions in Europe but showing also a good performance of domestic markets with resilient activities. The US, Australia and New Zealand show good signs of recovery
A strong improvement in margin after direct costs: +2 percentage points to 24.0% vs Q1 2020 thanks to significant reduction in the average fleet (-36% to 187,000 vehicles) and sharp increase in utilization rate (69.9% in Q1 2021) combined with solid cost reductions, demonstrating the Group s flexible model and fast adaptation
Europcar Mobility Group: 2020 Results yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.