Some of Enterprise Holdings’ business lines include Enterprise CarShare, Enterprise Flex-E-Rent and Enterprise Car Club.
Logo: Enterprise Holdings
Enterprise Holdings Inc. has developed and cultivated a wide range of activities designed to meet the needs of customers, providing mobile solutions for both consumers and enterprises.
According to the company, this approach, combined with continued expansion of the company’s diverse operations in North America and abroad, led to record revenue last year.
In fiscal 2022, Enterprise Holdings and its subsidiary Enterprise Fleet Management generated global revenue of more than $30 billion driven by increased travel demand, strong performance in Europe and growth in the US and Canada through Enterprise-branded business lines. .
“Our amazing team of 80,000 employees has driven our success through an unwavering focus on exceptional customer service, from the daily rental for which we have earned global recognition, to the broad range of businesses that have made Enterprise a leading mobility company,” said Chrissy Taylorpresident and CEO of Enterprise Holdings.
As part of its daily rental business, the company owns and operates Enterprise Rent-A-Car, National car rentaland Alamo Rent A Car brands through a global network of independent regional subsidiaries. This network includes more than 10,000 fully staffed rental locations at the airport and in more than 90 countries and territories.
Strong consumer demand led to an increase in the number of rental days compared to last year in the US and Canada. According to the company, this was mainly due to increased interchange and commercial business at both the airport and neighboring locations.
Enterprise’s rental business includes more than 10,000 locations and airports in more than 90 countries and territories. Pictured is Chrissy Taylor, President and CEO.
Photo: Enterprise Holdings
Internationally, the daily rental business showed growth in the corporate airport and the company’s neighboring branches in Europe – UK, France, Germany, Ireland and Spain.
To meet the increased demand, Enterprise Holdings and its subsidiary Enterprise Fleet Management worked with its manufacturing and dealer partners to continuously add vehicles in FY22, bringing the total fleet to more than 2.1 million vehicles, exceeding the company’s fleet size by pandemic.
In addition, Enterprise has invested in the development of a number of mobility solutions through Enterprise-branded business lines, including Enterprise CarShare and Car Club; Management of the company’s car fleet (leasing); Car dealership; Enterprise truck rental and Flex-E-Rent Enterprise; Collection of exotic cars by the company; and Commute with Enterprise (vanpooling).
The following business lines performed well in fiscal year 2022:
- Commute with Enterprise had double-digit growth and put more than 3,000 new vans on the road.
- Enterprise Fleet Management has achieved a record number of new vehicle deliveries to customers and surpassed 600,000 units on lease before the start of the new financial year.
- Enterprise Truck Rental celebrated a record year when it opened 60 locations, including the opening of its 500th.
- Internationally, Enterprise Flex-E-Rent in Europe has grown its fleet to more than 50,000 vehicles, and Enterprise CarShare has expanded into Germany, France and Spain.
- The company’s franchise division has opened more than 150 branches and announced expansion into three new markets: US Virgin Islands, Bahamas and Morocco. Expansion of Art South Africa was just announced for the start of the 2023 fiscal year.
“Maintaining strict discipline in our business strategy, which includes investment and diversification of our business lines, has positioned us well for long-term future growth,” Taylor said.
As the company looks to the future of mobility, it prioritizes opportunities that build on its core business while expanding into new areas of mobility, including connected cars, autonomous vehicles and electric vehicles.
“Our approach is focused on making sure we deliver great experiences and make targeted investments to support the long-term viability of new technologies,” Taylor said.
https://www.autorentalnews.com/10183436/diverse-mobility-portfolio-increases-revenue-for-enterprise
