The car rentals segment contains vehicle rentals for private use that have been booked via a website or a mobile app. The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. This segment takes into account time-based rental deals with upfront fixed costs from professional car rental services such as Enterprise, SIXT, Hertz, Hotwire and Budget, etc. This does not include carpools, chauffeur services, taxis or car-sharing offers with usage-based or quote based pricing models.
Car rental companies like Virtuo have their mission to make the process of renting a car as easy as hailing an Uber cab. In very simple terms, this implies that users sign up via a mobile app that also provides information on available vehicles on rent, taking payment and unlocking the vehicle. This approach has done away with all the lengthy queuing and form-filling that is often associated with car-rental (without any hidden costs).
