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Hertz Global Holdings Inc's Business Segments
Hertz Global Holdings Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
9
Largest Segment
Vehicles Including Held-For-Sale
Total Revenue
$ 2,004
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Vehicles Including Held-For-Sale0%
- The Hertz Corporation0%
- Hertz Global0%
- U S0%
- lease income from vehicle rentals89.2%
- Non-US49.7%
- Vehicles Held For Sale9.7%
- Disposed of by Sale2.6%
- Corporate0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Vehicles Including Held-For-Sale | $ 14,338 | - |
| The Hertz Corporation | $ 12,959 | - |
| Hertz Global | $ 12,959 | - |
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Annual Results
Revenue Share by Reportable Segment - FY
- Vehicles Including Held-For-Sale0%
- The Hertz Corporation0%
- Hertz Global0%
- U S0%
- lease income from vehicle rentals89.2%
- Non-US49.7%
- Vehicles Held For Sale9.7%
- Disposed of by Sale2.6%
- Corporate0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Vehicles Including Held-For-Sale | $ 14,338 | - |
| The Hertz Corporation | $ 12,959 | - |
| Hertz Global | $ 12,959 | - |
6 more segments available
Sign in to unlock the full Hertz Global Holdings Inc dataset.
Description of Hertz Global Holdings Inc
Hertz Global Holdings Inc. is a global car rental company that operates through its subsidiaries, including The Hertz Corporation, Dollar Rent A Car, and Thrifty Car Rental. The company is headquartered in Estero, Florida, and has a presence in over 150 countries across the globe.
Hertz was founded in 1918 by Walter L. Jacobs, who started a car rental business in Chicago with a small fleet of Model T Ford cars. Over the years, the company expanded rapidly and became one of the leading players in the car rental industry.
The core business of Hertz Global Holdings is providing rental cars to both leisure and business travelers. The company offers a wide range of vehicles, including economy cars, luxury cars, SUVs, vans, and trucks, to meet the diverse needs of its customers. Hertz serves customers through a network of company-operated rental locations, licensee locations, and online reservations.
In addition to car rentals, Hertz also offers various other services such as vehicle leasing, fleet management, and car sales through its subsidiary, Hertz Car Sales. The company operates a fleet of approximately 500,000 vehicles globally, making it one of the largest car rental companies in the world.
Hertz Global Holdings has a strong presence in the North American market, with a large number of rental locations spread across the United States and Canada. However, the company has also expanded its operations globally and has a significant presence in Europe, Australia, Asia, and Latin America.
Hertz has a strong focus on customer service and has implemented various initiatives to enhance the rental experience for its customers. The company offers a loyalty program called Hertz Gold Plus Rewards, which provides members with special benefits, faster reservations, and the ability to earn points towards free rental days.
Over the years, Hertz has also made significant advancements in technology, including the implementation of mobile app-based reservations, keyless entry, and vehicle tracking systems. These technological advancements have streamlined the rental process and provided customers with more convenience and flexibility.
Hertz Global Holdings has faced various challenges in recent years, including the impact of the COVID-19 pandemic on travel and tourism. The company filed for bankruptcy in May 2020 due to the significant decline in demand for rental cars. However, it emerged from bankruptcy in June 2021 after receiving financial support and restructuring its operations.
In conclusion, Hertz Global Holdings Inc. is a global car rental company with a strong presence in the industry. The company offers a wide range of rental cars and additional services, operates in numerous countries worldwide, and prioritizes customer service and technological advancements. Despite recent challenges, Hertz continues to strive towards delivering a seamless and convenient car rental experience for its customers.
Hertz was founded in 1918 by Walter L. Jacobs, who started a car rental business in Chicago with a small fleet of Model T Ford cars. Over the years, the company expanded rapidly and became one of the leading players in the car rental industry.
The core business of Hertz Global Holdings is providing rental cars to both leisure and business travelers. The company offers a wide range of vehicles, including economy cars, luxury cars, SUVs, vans, and trucks, to meet the diverse needs of its customers. Hertz serves customers through a network of company-operated rental locations, licensee locations, and online reservations.
In addition to car rentals, Hertz also offers various other services such as vehicle leasing, fleet management, and car sales through its subsidiary, Hertz Car Sales. The company operates a fleet of approximately 500,000 vehicles globally, making it one of the largest car rental companies in the world.
Hertz Global Holdings has a strong presence in the North American market, with a large number of rental locations spread across the United States and Canada. However, the company has also expanded its operations globally and has a significant presence in Europe, Australia, Asia, and Latin America.
Hertz has a strong focus on customer service and has implemented various initiatives to enhance the rental experience for its customers. The company offers a loyalty program called Hertz Gold Plus Rewards, which provides members with special benefits, faster reservations, and the ability to earn points towards free rental days.
Over the years, Hertz has also made significant advancements in technology, including the implementation of mobile app-based reservations, keyless entry, and vehicle tracking systems. These technological advancements have streamlined the rental process and provided customers with more convenience and flexibility.
Hertz Global Holdings has faced various challenges in recent years, including the impact of the COVID-19 pandemic on travel and tourism. The company filed for bankruptcy in May 2020 due to the significant decline in demand for rental cars. However, it emerged from bankruptcy in June 2021 after receiving financial support and restructuring its operations.
In conclusion, Hertz Global Holdings Inc. is a global car rental company with a strong presence in the industry. The company offers a wide range of rental cars and additional services, operates in numerous countries worldwide, and prioritizes customer service and technological advancements. Despite recent challenges, Hertz continues to strive towards delivering a seamless and convenient car rental experience for its customers.
Hertz Global Holdings, Inc. is a prominent player in the vehicle rental and leasing industry, with a vast array of segments, products, and services designed to cater to various needs. Here’s an extensive look at the various offerings of the company:
1. Vehicle Rental Services
a. Traditional Car Rental:
Hertz is widely recognized for its traditional car rental services. Customers can rent vehicles for short-term use, which includes options for both leisure and business travelers. Their fleet features a wide variety of vehicle types, including:
- Economy and Compact Cars: Ideal for city driving and budget-conscious travelers.
- Midsize and SUVs: Suitable for families or groups needing more space.
- Premium and Luxury Cars: Cater to customers looking for an upscale experience, featuring high-end brands.
- Specialty Vehicles: Options such as convertibles, vans, and electric vehicles to meet specific customer preferences.
b. Van and Truck Rentals:
Hertz also offers rental options for vans and trucks, catering to individuals or businesses that require larger vehicles for moving goods or group transport. This segment includes:
- Cargo Vans and Pickup Trucks: Ideal for small business owners and DIY movers.
- Box Trucks: For larger moves and transportation of bulky items.
Long-Term Vehicle Leasing
Hertz provides long-term leasing options for both individuals and corporate clients. This service allows customers to lease vehicles over an extended period, typically ranging from several months to multiple years. Benefits include:
- Flexible Terms: Customized lease agreements that can accommodate various needs, such as mileage and maintenance.
- Vehicle Maintenance: Hertz often includes maintenance services, ensuring that the leased vehicle is kept in optimal condition without extra cost to the lessee.
Corporate and Business Solutions
Hertz offers tailored services for corporate clients, helping businesses manage their transportation needs efficiently. Key offerings include:
- Fleet Management: Hertz assists companies in managing their vehicle fleets by providing insights on costs, vehicle utilization, and maintenance schedules.
- Business Car Rentals: Special corporate rates and options for business travelers, including convenient pickup and drop-off services at airports and hotels.
- Mobility Solutions: Integration of transportation services, such as ride-sharing and shuttle services, to provide a comprehensive mobility solution for companies.
Customer Loyalty and Rewards Programs
Hertz has a rewards program, Hertz Gold Plus Rewards, which is designed to enhance the customer experience by offering various benefits. This program includes:
- Faster Reservations and Rentals: Members can skip the counter and proceed directly to their vehicle.
- Bonus Points: Accrual of points for every rental that can be redeemed for free rental days or upgrades.
- Exclusive Offers: Access to special deals and promotions exclusively for members.
Digital Services and Mobile App
Hertz emphasizes technology and convenience by providing a robust mobile application that allows customers to:
- Seamlessly Book Rentals: Quick access to booking vehicles, modifying reservations, and managing rentals.
- Contactless Rentals: Options for picking up and returning vehicles without needing to interact with staff.
- Real-Time Information: Updates on vehicle availability, rental status, and location services.
Electric and Sustainable Vehicles
Recognizing the shift toward sustainable transportation, Hertz has made significant investments in electric vehicles (EVs) and eco-friendly travel options. This includes:
- EV Rentals: A dedicated fleet of electric and hybrid vehicles, giving customers choices that align with sustainability goals.
- Partnerships: Collaborations with EV manufacturers and charging networks to provide customers with charging solutions and enhance the EV rental experience.
Insurance and Protection Products
Hertz offers a variety of insurance and protection products to ensure customers are covered during their rental experience. These include:
- Collision Damage Waiver (CDW): Coverage for damage to the rental vehicle.
- Liability Insurance: Protection against third-party claims for bodily injury or property damage.
- Personal Accident Insurance (PAI): Coverage for medical costs in case of an accident while driving the rental vehicle.
8. Additional Services
Apart from the core offerings, Hertz also provides a range of additional services designed to enhance the overall customer experience:
- GPS Navigation Systems and Child Seats: Additional equipment rental services for a more comfortable travel experience.
- Roadside Assistance: Support for customers facing breakdowns or emergency situations during their rental period.
- 24/7 Customer Service: Round-the-clock assistance for all inquiries, bookings, and issues that may arise.
Conclusion
Hertz Global Holdings, Inc. continues to evolve and expand its array of products and services to meet the diverse needs of its clientele. By integrating technology, sustainability, and customer-centric solutions, Hertz positions itself as a leader in the car rental and leasing industry, consistently adapting to the changing landscape of transportation services.
1. Vehicle Rental Services
a. Traditional Car Rental:
Hertz is widely recognized for its traditional car rental services. Customers can rent vehicles for short-term use, which includes options for both leisure and business travelers. Their fleet features a wide variety of vehicle types, including:
- Economy and Compact Cars: Ideal for city driving and budget-conscious travelers.
- Midsize and SUVs: Suitable for families or groups needing more space.
- Premium and Luxury Cars: Cater to customers looking for an upscale experience, featuring high-end brands.
- Specialty Vehicles: Options such as convertibles, vans, and electric vehicles to meet specific customer preferences.
b. Van and Truck Rentals:
Hertz also offers rental options for vans and trucks, catering to individuals or businesses that require larger vehicles for moving goods or group transport. This segment includes:
- Cargo Vans and Pickup Trucks: Ideal for small business owners and DIY movers.
- Box Trucks: For larger moves and transportation of bulky items.
Long-Term Vehicle Leasing
Hertz provides long-term leasing options for both individuals and corporate clients. This service allows customers to lease vehicles over an extended period, typically ranging from several months to multiple years. Benefits include:
- Flexible Terms: Customized lease agreements that can accommodate various needs, such as mileage and maintenance.
- Vehicle Maintenance: Hertz often includes maintenance services, ensuring that the leased vehicle is kept in optimal condition without extra cost to the lessee.
Corporate and Business Solutions
Hertz offers tailored services for corporate clients, helping businesses manage their transportation needs efficiently. Key offerings include:
- Fleet Management: Hertz assists companies in managing their vehicle fleets by providing insights on costs, vehicle utilization, and maintenance schedules.
- Business Car Rentals: Special corporate rates and options for business travelers, including convenient pickup and drop-off services at airports and hotels.
- Mobility Solutions: Integration of transportation services, such as ride-sharing and shuttle services, to provide a comprehensive mobility solution for companies.
Customer Loyalty and Rewards Programs
Hertz has a rewards program, Hertz Gold Plus Rewards, which is designed to enhance the customer experience by offering various benefits. This program includes:
- Faster Reservations and Rentals: Members can skip the counter and proceed directly to their vehicle.
- Bonus Points: Accrual of points for every rental that can be redeemed for free rental days or upgrades.
- Exclusive Offers: Access to special deals and promotions exclusively for members.
Digital Services and Mobile App
Hertz emphasizes technology and convenience by providing a robust mobile application that allows customers to:
- Seamlessly Book Rentals: Quick access to booking vehicles, modifying reservations, and managing rentals.
- Contactless Rentals: Options for picking up and returning vehicles without needing to interact with staff.
- Real-Time Information: Updates on vehicle availability, rental status, and location services.
Electric and Sustainable Vehicles
Recognizing the shift toward sustainable transportation, Hertz has made significant investments in electric vehicles (EVs) and eco-friendly travel options. This includes:
- EV Rentals: A dedicated fleet of electric and hybrid vehicles, giving customers choices that align with sustainability goals.
- Partnerships: Collaborations with EV manufacturers and charging networks to provide customers with charging solutions and enhance the EV rental experience.
Insurance and Protection Products
Hertz offers a variety of insurance and protection products to ensure customers are covered during their rental experience. These include:
- Collision Damage Waiver (CDW): Coverage for damage to the rental vehicle.
- Liability Insurance: Protection against third-party claims for bodily injury or property damage.
- Personal Accident Insurance (PAI): Coverage for medical costs in case of an accident while driving the rental vehicle.
8. Additional Services
Apart from the core offerings, Hertz also provides a range of additional services designed to enhance the overall customer experience:
- GPS Navigation Systems and Child Seats: Additional equipment rental services for a more comfortable travel experience.
- Roadside Assistance: Support for customers facing breakdowns or emergency situations during their rental period.
- 24/7 Customer Service: Round-the-clock assistance for all inquiries, bookings, and issues that may arise.
Conclusion
Hertz Global Holdings, Inc. continues to evolve and expand its array of products and services to meet the diverse needs of its clientele. By integrating technology, sustainability, and customer-centric solutions, Hertz positions itself as a leader in the car rental and leasing industry, consistently adapting to the changing landscape of transportation services.