UAE Business Awards 2022

Best Car Rental Company 2022 Car hiring is an essential service that has grown in response to factors such as rise in trend of on-demand transportation services and low rate of car ownership among millennials power the growth of the car rental market. The car rental industry has gained considerable attention in the last decade owing to the increasing penetration of smartphone-based online rental car booking applications. Companies offer cars on a short-term or long-term rental basis to the customers. We would like to explore the world of rental cars in light of Autostrad Rent A Car winning Best Car Rental Company 2022. Car rental is the hiring of a motor vehicle from one party to another. Rentals are generally made on a daily, weekly, or monthly basis. A car rental, hire car, or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few months. It is often organized with numerous local branches, and primarily located near airports or busy city areas and often complemented by a website allowing online reservations. Essential factors responsible for the substantial growth in this industry include increasing pollution, car prices, and costeffectiveness. The market is emerging as the crucial vertical in the transportation industry, considerably benefitting not only consumers and rental companies but also car manufacturers. The key to a successful car rental company is efficient current asset management. This is because the majority of assets in a car rental company are the cars that it rents. Assuming that a company is profitable, the higher the gearing of a car rental company, the higher the return on equity. The price at which a car rental company buys and sells its vehicles is one of the keys to profitability. Probably more important is the utilisation of the assets i.e. the revenue that the company generates from the vehicle during the course of owning it. Car rental or car hire agencies are agencies that rent automobiles for a short period of time at certain cost. With growth in pollution levels and population, the car rental industry has experienced a drastic transformation over the past few years, becoming one of the most prominent industries in fleet transportation. Manufacturers and consumers rely on various car rental schemes that are cost-effective, such as leasing cars from their owners for a period of three years and then putting these cars on rent through app-based bookings. Adoption of car rental management software is anticipated to provide lucrative growth opportunities for the players operating in the car rental market. Autostrad is responding to the car rental industry in every way that counts. It provides its customers with top-quality cars that are efficient, affordable, and tasteful. For the most part, people are looking for a quick fix – but this shouldn’t mean that they get less than what they would really like. With Autostrad there’s a plethora of customers looking to hire something short term and long term, without the commitments of buying or without compromising on what they desire in a car. Offering some of the most trendy, clean, and reliable cars, Autostrad is truly changing the way people experience rental vehicles. Winning Best Car Rental Company 2022, Autostrad is at the Heart of Every Journey. Contact: Karunesh Arya Company: Autostrad Rent A Car Web Address: http://www.autostrad.com/ Feb22454

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