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DRIVING CHANGE in the RENTAL VEHICLE INDUSTRY the Need for National Tax and Regulatory Reform
DRIVING CHANGE IN THE RENTAL VEHICLE INDUSTRY The need for national tax and regulatory reform Tourism & Transport Forum $RIVINGCHANGEINTHERENTALVEHICLEINDUSTRY 2 For further information please contact: Caroline Wilkie National Manager Aviation & Transport Tourism & Transport Forum T +61 2 9240 2016 Tourism & Transport Forum (TTF) E [email protected] represents the following rental vehicle companies Kary Petersen Manager Transport Tourism & Transport Forum T +61 2 9240 2013 E [email protected] 8th Floor 8-10 Loftus Street Sydney Nsw 2000 T +61 2 9240 2000 F +61 2 9240 2020 www.ttf.org.au CONTENTS INTRODUCTION 2 Tourism & Transport Forum 2 EXECUTIVE SUMMARY 3 THE RENTAL VEHICLE INDUSTRY 4 Size and scope of the industry 4 Key benefits 4 The challenges ahead 7 THE REGULATORY AND TAX BURDEN 9 Cost of compliance 9 Regulation 10 Taxes and charges 13 COST OF INACTION 22 Lost opportunities 22 REFORM AGENDA 24 Options for reform 24 Benefits of reform 25 Barriers to reform 26 Case studies 27 CONCLUDING REMARKS 29 INTRODUCTION TOURISM & TRANSPORT FORUM Marketing & Attractions Tourism & Transport Forum (TTF) is the peak industry s #REDIT#ARDS group for the Australian tourism, transport, aviation and s #ULTURAL!TTRACTIONS investment sectors. A national, member-funded CEO s .ATURAL4OURISM forum, TTF advocates the public policy interests of the s4HEME0ARKS 200 most prestigious corporations and organisations in s4OURISM-ARKETING/RGANISATIONS these sectors. Major Events, Business Tourism, Retail & Hospitality s !GENCIES TTF’s membership comprises the -
People of the State of California V. Turo Inc. File Stamped Complaint
1 DENNIS J. HERRERA, StateBar#l39669 City Attorney , 2 YVONNE R. MERE, State Bar# 173594 Chief of Complex and Affirmative Litigation 3 NATALIE M. ORR, State Bar #290590 JAIME M. HULING DELAYE, State Bar #270784 4 Deputy City Attorneys Fox Plaza 5 1390 Market Street, 6th Floor San Francisco, California 94102-5408 6 Telephone: (415) 554-3849 Facsimile: (415) 437-4644 7 E-Mail: [email protected] 8 Attorneys for Plaintiff PEOPLE OF THE STATE OF CALIFORNIA, 9 acting by and through DENNIS J. HERRERA AS CITY ATTORNEY OF SAN FRANCISCO 10 11 SUPERIOR COURT OF THE STATE OF CALIFORNIA 12 COUNTY OF SAN FRANCISCO 13 UNLIMITED JURISDICTION 14 PEOPLE OF THE STATE OF CALIFORNIA, case ~GC-18-5638 0 3 acting by and through DENNIS J. HERRERA 15 AS CITY ATTORNEY OF SAN FRANCISCO, COMPLAINT FOR INJUNCTIVE RELIEF 16 AND CIVIL PENALTIES FOR VIOLATIONS Plaintiff, OF BUSINESS AND PROFESSIONS CODE 17 SECTION 17200 vs. 18 TURO INC., and DOES 1-100, inclusive, 19 Defendants. 20 21 22 The PEOPLE OF THE STATE OF CALIFORNIA, by and through San Francisco City 23 Attorney DENNIS J. HERRERA ("the People"), file this Complaint against Defendants TURO INC. 24 and DOES ONE through ONE HUNDRED (collectively, "Turo"). The People allege as follows: 25 INTRODUCTION 26 1. This action arises out of Turo' s unlawful and unfair operation of a rental car business at 27 San Francisco International Airport ("SFO" or "the Airport") without a valid permit, in direct violation 28 of SFO's Rules and Regulations, the California Vehicle Code, and the California Penal Code. -
“How to Analyse a Car Rental Company”
Investor Campus – The “How to analyse Series” 1 Module # 3 – Component # 2 “How to analyse a car rental company” This component focuses on the basics of the car rental industry. We look at the fundamentals of the industry, the economics, the risks and the financial equation that investors can expect to find in a typical car rental business. This is one component in the Investor Campus series of “How to analyse …” In this series, over 50 individual industries are covered. It also assumed that the reader has the base knowledge to analyse a generic company. Objectives To identify the profit drivers behind this industry, the business model, risks and critical success factors. Expected Outcomes: ? To understand the economic and financial fundamentals of the industry. ? To understand the key issues and profit drivers in this industry. ? To be able to review a typical company within this sector and compare it meaningfully to global norms. ? To be able to identify warning signals and opportunities in a typical company in this sector. ? To be equipped to conduct an interview with management of a company in this industry. ? To understand a recipe to analyse a company in this sector. Investor Campus – How to analyse a car rental business Investor Campus – The “How to analyse Series” 2 Car rental summary table Key ratios to · ROCE: an indication of the operational competence of the business. assess a car rental · ROE: combines operational performance with gearing level. business · Debt to equity ratio: Indication of financial leverage and risk. · Interest cover: An indication of financial risk. · Operating margin and ROS: Ability to generate accounting profit. -
Consolidated Annual Financial Statements
BARLOWORLD LIMITED CONSOLIDATED ANNUAL FINANCIAL STATEMENT 30 SEPTEMBER 2020 Group Finance Director’s Review Financial performance for the year ended 30 September 2020 Group revenue for the year decreased by 17% to R49.7 billion (2019: R60.2 billion). Equipment Southern Africa’s revenue declined by 14% against the prior year but strong against the COVID-19 impact forecast resulting largely from good mining machine sales and resilient aftermarket activity levels. Despite the COVID-19 pandemic and geopolitical challenges Equipment Eurasia revenue increased by 22% benefiting from strong levels of mining activity, particularly in the gold sector. Equipment Eurasia represents our combined Russian and Mongolian Caterpillar operations. Included is one month’s trading results for Barloworld Mongolia that was acquired on 1 September 2020. The Automotive revenue, excluding NMI-DSM which is now equity accounted for, was down 15% in the current year. On a positive note strong used vehicle sales volumes and margins in this segment are being maintained, with cash generation supported by the disposal of properties as well as the right size of the Avis businesses fleet. In Logistics, revenue declined by 27% against the prior year on the back of the contraction of the Transport and Supply Chain Management markets resulting from weaker demand for goods and services. The weakening ZAR resulted in a year to date increase in revenue of R1.3 billion (2.8%) with the bulk of the increase in Equipment Southern Africa and Russia. The EBITDA of R4.8 billion was 25% down (2019: R6.5 billion) with the impact of IFRS 16: Leases for the 2020 financial year, being a favourable R549 million in leasing charges no longer included in EBITDA. -
Registered Attendees
Registered Attendees Company Name Job Title Country/Region 1996 Graduate Trainee (Aquaculturist) Zambia 1Life MI Manager South Africa 27four Executive South Africa Sales & Marketing: Microsoft 28twelve consulting Technologies United States 2degrees ETL Developer New Zealand SaaS (Software as a Service) 2U Adminstrator South Africa 4 POINT ZERO INVEST HOLDINGS PROJECT MANAGER South Africa 4GIS Chief Data Scientist South Africa Lead - Product Development - Data 4Sight Enablement, BI & Analytics South Africa 4Teck IT Software Developer Botswana 4Teck IT (PTY) LTD Information Technology Consultant Botswana 4TeckIT (pty) Ltd Director of Operations Botswana 8110195216089 System and Data South Africa Analyst Customer Value 9Mobile Management & BI Nigeria Analyst, Customer Value 9mobile Management Nigeria 9mobile Nigeria (formerly Etisalat Specialist, Product Research & Nigeria). Marketing. Nigeria Head of marketing and A and A utilities limited communications Nigeria A3 Remote Monitoring Technologies Research Intern India AAA Consult Analyst Nigeria Aaitt Holdings pvt ltd Business Administrator South Africa Aarix (Pty) Ltd Managing Director South Africa AB Microfinance Bank Business Data Analyst Nigeria ABA DBA Egypt Abc Data Analyst Vietnam ABEO International SAP Consultant Vietnam Ab-inbev Senior Data Analyst South Africa Solution Architect & CTO (Data & ABLNY Technologies AI Products) Turkey Senior Development Engineer - Big ABN AMRO Bank N.V. Data South Africa ABna Conseils Data/Analytics Lead Architect Canada ABS Senior SAP Business One -
Issue Brief: Peer-To- Peer Car Sharing
Peer-to- Peer Car Sharing What is Peer-to-Peer Car Sharing? Peer-to-peer (P2P) car sharing refers to sharing privately-owned vehicles, for money, over an internet platform operated by a third-party. It is often referred to as “Airbnb for cars,” highlighting its similarity to other business models in the “sharing economy.” The most prominent P2P car sharing company is Turo, which is available in every state but New York. How does P2P Car Sharing Compare to Traditional Car Rental? Traditional car rental companies say there is no difference between them and P2P car rental companies because they provide the same service — the temporary transfer of a vehicle, without a driver, for money. But car sharing companies say they are not like car rental companies because they do not own cars, set rates, or arrange for delivery. Instead, they say they are technology companies providing platforms to facilitate private transactions and charging fees for that access (see public hearing testimony, Connecticut Senate Bill (SB) 216 (2020)). What is the Issue for Lawmakers? The National Conference of State Legislatures (NCSL) cites promoting innovation, greater consumer choice, and car ownership expense reduction as some of the benefits to P2P car sharing. But this business model is a challenge for states because it often falls into a legal gray area. P2P car sharing companies may not be legally considered car rental companies, and Source: Turo existing state laws related to car rental safety, insurance, and taxation may not neatly apply to the business model. Therefore, states are increasingly considering how P2P car sharing operates within their existing regulatory schemes and deciding whether, and if so how, the business should be regulated. -
Andrew C. Taylor Executive Chairman Enterprise Holdings Inc
Andrew C. Taylor Executive Chairman Enterprise Holdings Inc. Andrew Taylor, who became involved in the automotive business more than 50 years ago, currently serves as Executive Chairman of Enterprise Holdings Inc., the privately held business founded in 1957 by his father, Jack Taylor. Enterprise Holdings operates – through an integrated global network of independent regional subsidiaries and franchises – the Enterprise Rent-A-Car, Alamo Rent A Car and National Car Rental brands, as well as more than 10,000 fully staffed neighborhood and airport locations in 100 countries and territories. Enterprise Holdings is the largest car rental company in the world, as measured by revenue and fleet. In addition, Enterprise Holdings is the most comprehensive service provider and only investment-grade company in the U.S. car rental industry. The company and its affiliate Enterprise Fleet Management together offer a total transportation solution, operating more than 2 million vehicles throughout the world. Combined, these businesses – accounting for $25.9 billion in revenue in fiscal year 2019 – include the Car Sales, Truck Rental, CarShare, Commute vanpooling, Zimride, Exotic Car Collection, Subscribe with Enterprise, Car Club (U.K.) and Flex-E-Rent (U.K.) services, all marketed under the Enterprise brand name. The annual revenues of Enterprise Holdings – one of America’s largest private companies – and Enterprise Fleet Management rank near the top of the global travel industry, exceeding many airlines and most cruise lines, hotels, tour operators, and online travel agencies. Taylor joined Enterprise at the age of 16 in one of the original St. Louis offices. He began his career by washing cars during summer and holiday vacations and learning the business from the ground up. -
South Africa
CONTENTS 4 The First Class Difference 6 It’s all about you 7 Concierge 8 South Africa Map 10 Introducing South Africa 12 Tour Types 14 GUIDED TOURS 26 SELF DRIVE TOURS 40 RAIL TOURS 42 Blue Train 44 Rovos Rail SOUTH 46 HOTELS & SIGHTSEEING 48 Cape Town 52 Winelands & Overberg AFRICA 56 The Garden Route 60 Eastern Cape 61 Samara Game Reserve 62 Amakhala Game Reserve 63 Shamwari Game Reserve 64 KwaZulu-Natal 70 Gauteng 74 Mpumalanga 75 MalaMala Game Reserve 76 Thornybush Game Reserve 77 Sabi Sabi Game Reserve 78 Pungwe Safari Camp 80 STOPOVERS 82 Victoria Falls 86 Mauritius 90 Seychelles 92 TRANSPORT 94 AVIS Car Rental 96 Airlines 97 Important Information 98 Terms & Conditions 2 3 THE FIRST CLASS DIFFERENCE Making your holiday dreams a reality starts with understanding what really matters to you. Whether you’re a beach lover or adventurer, a lover of history and culture or the great outdoors, at one with nature or the big city; prefer luxury or authentic, being independent or part of a group. Our travel specialists will get to know what your heart most desires and then create a holiday to match. You’ll experience superb service all along the way and we’ll use our wealth of experience to create your holiday as if we were creating our own. You can be sure that before you go, whilst you are away and even when you come home, we’ll be with you every step of the way. AWARD WINNING SERVICE We were founded in 1996 with a desire to provide outstanding levels of service and customer satisfaction and this is still the case today. -
7 Day Namibia in a Nutshell Camping/Accommodation Self
P a g e | 1 7 day Namibia in a Nutshell Camping/Accommodation Self Drive 2018 Sossusvlei - Swakopmund - Etosha National Park 7 Days / 6 Nights 2-4 Persons Reference: 7day NiaN C&A SD2018 Date of Issue: 04 October 2017 Click here to view your Digital Itinerary P a g e | 2 Overview A short camping self-drive for those with limited time and wishing to see the two main destinations of Namibia - the recently declared UNESCO World Heritage Site of the Namib Naukluft Sand Sea and Etosha National Park for game viewing. Overnight in the coastal town of Swakopmund between the main destinations. A fully accommodated mid- range and luxury version of this self drive is also available Accommodation Destination Nights Basis Sesriem Campsite Sossusvlei 2 C A la Mer Hotel Swakopmund 1 B&B Okaukuejo Campsite Etosha National Park 3 C Key C: Camping B&B: Bed and breakfast Price 2018 Rates manual vehicles Price per person to Chameleon with Bidvest Car Rental Based on 2 people sharing with a 4x4 Single Cab with camping equipment & 1 roof tent Low Season (01/11/17 - 15/06/18) N$8,695 High Season (16/06/18 - 31/10/18) N$10,690 Discounted rates apply from 1 November 2017-28 February 2018 – please enquire Based on 4 people sharing with a 4x4 Double Cab with camping equipment & 2 roof tents Low Season (01/11/17 - 15/06/18) N$5,615 High Season (16/06/18 - 31/10/18) N$6,850 Discounted rates apply from 1 November 2017-28 February 2018 – please enquire OR Price per person to Chameleon with Namibia Car Rental Based on 2 people sharing with a 4x4 Single Cab with camping -
Nancy Schneider
'If you live in a city, you don't need to own a car.' William Clay Ford Jr., CEO, Ford Motor Company Ltd. Car Facts: zThe American Automobile Association (AAA) says that, on average, it costs 52.2 cents to drive one mile. zHousehold income spent on cars: 20% (1990 - 13.2%) or zOver $8,000 per household per year (39% of income for lower income households) 1 More Car Facts: zThe average N.A. car is driven just 66 minutes a day z$8,000 to drive about 400 hours a year {Or $666 to drive about 30 hours a month {Or $22 to drive an hour a day ÅOur Ranking The areas with the lowest expenses are those that have the highest public transit use, probably because those areas have lower car ownership. Even a modest reduction in the average number of motor vehicles per household translates into a significant drop in average household car expenses. 2 Car Sharing/ Car-Sharing/Carsharing What is it? History… Car Sharing, launched in 1987 in Switzerland and later in 1988 in Germany, came to North America via Quebec City in 1993 and to Portland, OR in 1998. 3 Car Sharing: What it isn’t... zCar pooling zRide sharing zFlex fuel vehicles In the news… 4 At U of F: Zipcar speeds toward expansion; car-sharing seeks inside track San Francisco Business Times - July 14, 2006 by Eric Young Fueled by an injection of cash, a car-sharing service said expansion plans in the San Francisco Bay Area are moving full speed ahead. -
SHARED MOBILITY Removing Regulatory Barriers in Canadian Cities
SHARED MOBILITY Removing Regulatory Barriers In Canadian Cities Prepared for ÉQUITERRE MAY 2017 1 SHARED MOBILITY Removing regulatory barriers in canadian cities Submitted to : Prepared by : www.equiterre.org www.dunsky.com Acknowledgements The authors would like to thank representatives of the following organizations for their contributions and insights to this report : Équiterre (Annie Berube and Sidney Ribaux); Coop Carbone (Vincent Dussault); the cities of Montreal, Toronto and Vancouver; and solution providers Car2Go, Communauto, Téo Taxi, Uber and Zipcar. About Dunsky Energy Consulting Headquartered in Montreal, Dunsky Energy Consulting supports an array of organizations in building a sustainable energy future. Dunsky’s clients include leading governments, energy utilities, private firms and non-profit orga- nizations throughout North America. EXPERTISE SERVICES CLIENTELE • Energy Efciency • Assess clean energy • Governments & Demand Management opportunities • Utilities • Renewable Energy • Design policies, plans, & Distributed Resources programs and strategies • Private firms • Sustainable Mobility • Evaluate performance • Non-profits SELECT CLIENTS 2 ABOUT ÉQUITERRE Équiterre is Quebec’s largest and most influential environmental organization, with 20,000 members, 200 volunteers, and a staff of 40 people. Mission Équiterre offers concrete solutions to accelerate the transition towards a society in which individuals, organizations and governments make ecological choices that are both healthy and equitable. Vision By 2030, Équiterre, in partnership with local communities, will have contributed to the development of public policies as well as civic and business practices that lead to a low-carbon economy and an environment free of toxic substances. Areas of Intervention Since its creation in 1993, Équiterre developed projects on key issues such as food, agriculture, transportation, buildings, consumption and climate change. -
Build a Carsharing Community 2
Final Technical Report TNW2003-06 TransNow Budget No. 62-2513 Flexcar Program Evaluation Flexcar Seattle Carsharing Program Evaluation by G. Scott Rutherford Robert Vance Department of Civil and Environmental Engineering University of Washington Seattle, Washington 98195 Report prepared for: Transportation Northwest (TransNow) Department of Civil and Environmental Engineering 129 More Hall University of Washington, Box 352700 Seattle, WA 98195-2700 December 2003 TECHNICAL REPORT STANDARD TITLE PAGE 1. REPORT NO. 2. GOVERNMENT ACCESSION NO. 3. RECIPIENT’S CATALOG NO. TNW2003-06 4. TITLE AND SUBTITLE 5.REPORT DATE FLEXCAR SEATTLE CARSHARING PROGRAM December 2003 6. PERFORMING ORGANIZATION CODE 7. AUTHOR(S) 8. PERFORMING ORGANIZATION REPORT NO. G. Scott Rutherford, Robert Vance TNW2003-06 9. PERFORMING ORGANIZATION NAME AND ADDRESS 10. WORK UNIT NO. Transportation Northwest Regional Center X (TransNow) Box 352700, 123 More Hall University of Washington 11. CONTRACT OR GRANT NO. Seattle, WA 98195-2700 DTRS99-G-0010 12. SPONSORING AGENCY NAME AND ADDRESS 13. TYPE OF REPORT AND PERIOD COVERED United States Department of Transportation Final Report Office of the Secretary of Transportation 400 Seventh St. SW 14. SPONSORING AGENCY CODE Washington, DC 20590 15. SUPPLEMENTARY NOTES This study was conducted in cooperation with the University of Washington. 16. ABSTRACT Flexcar is a public-private partnership based in Seattle that provides short-term automobile rentals, called “carsharing.” The program began in 2000 with an agreement between King