Here Is What To Expect At The International Car Rental Show 2022

If you are reading this, then you are probably already aware of ICRS22, which takes place in Las Vegas on April 24-26. It is one of the most important events in the car rental industry where you get a chance to hear industry experts address issues such as rising fleet costs, hiring and motivating your workforce, sales and marketing tactics, legal and legislative updates, business expansion ideas, and more.

It’s a great opportunity for professionals in the car rental industry to meet and greet one another while also learning about the latest technological breakthroughs.

If you are a business owner or revenue manager for a car rental company and have not yet heard about ICRS22, we strongly advise you to visit their website to learn more about the event. The website contains information on the event schedule, speaker roster, and exhibition details.

Overview

It’s the event where the global car rental industry comes together!

Nowhere else in the world will you find an event geared exclusively toward the auto rental industry. The International Automobile Rental Show immerses you in the current state of the car rental industry, providing practical intelligence on the newest developments that affect your bottom line.

You have the opportunity to strengthen and build new business relationships with people from all over the world and also get to see cutting-edge technology, products, and services that can help your business grow. In other words, you will leave the event with a toolkit of information and methods that will transform the way you do business.

Why the hype?

Because ICRS draws in attendees from over 40 countries, including:

Aruba, Australia, Barbados, Belgium, Bolivia, India, Canada, Costa Rica, Dominican Republic, France, Germany, Guatemala, Iceland, Jamaica, Latvia, Mexico, Netherlands, New Zealand, Panama, Portugal, Puerto Rico, Romania, Saint Lucia, Spain, Sweden, Switzerland, Trinidad and Tobago, United Kingdom, United States of America, Virgin Islands.

If you work in the car rental industry, this is the best networking opportunity you could possibly wish for at this time. An exhibition hall filled with great minds, the latest technologies, products, and services – all for the car rental industry.

Though this event is dominated by US car rental companies, it’s a great place for both domestic and international car rental operators and vendors looking to meet and discuss businesses that can help grow their business.

Why do you need to attend the event?

The majority of countries have now withdrawn the international travel ban imposed in response to COVID limitations, prompting several prominent agencies and independent research groups to forecast an excellent year, citing an increase in travel demand in many parts of the world.

A blessing for car rental companies who have been posed with multiple challenges related to low demand, lack of fleet supply, and alternative options for car hire. However, with the new vigor in the travel sector, the car rental businesses seem to be catching up with the trend now, and therefore it becomes even more critical for people in the car rental industry to attend the event to take their car rental game to the next level.

The problem statement

With the rise in demand comes the challenges that many car rental operators might face due to the shortage of adequate staff and the inability to adapt to more sustainable and technologically driven changes.

The problem with car rental companies right now is that they cannot see. They cannot predict or forecast what lies ahead of them in the future making it difficult for the businesses to run efficiently without losing money.

It urgently needs a solution that can:

1. Forecast hyper-local travel demand in real-time
2. Identify peak selling dates for all your locations
3. Identify hot spots for inventory mobilization
4. Estimate the average length of rental
5. Large-scale data analysis and execution with a single click

The solution

You’ve probably heard of rule-based demand forecasting solutions or might be using one yourself, but that only takes into account a few data points and past booking trends, which, thanks to COVID, have now been skewed badly. What the car rental company needs right now is an AI-based demand forecasting and price recommendation engine that can cover not just micro (past booking trends, hotel bookings, airline bookings, competitor tracking, etc.) but also macro-level demand indicators like inflation, COVID cases around the area, etc.

Enters Sid, our Margin Magician, who has more than 15 years of experience in shaping the car rental business for many business owners and revenue managers. He can help your business see hidden potential and can be dedicated customized partner with a dedicated plan that can deliver results and convert.

Watch Sid in action and break the magician’s code at ICRS’22, by giving you access to all the trade secrets needed for a car rental business to increase margins and fleet efficiency.

Sid can help uncover hidden revenue opportunities by creating a business roadmap to help car rental businesses earn more profits by helping you identify the:

1. Spike in demand for the next 90 days
2. Amount buyers are willing to pay
3. Hot locations to move fleet for efficiency
4. Hot dates to increase prices by car segment

Sid can help you with these and much more because Sid believes in the magic of transparent, technology-driven, real-time data that can only be achieved through the power of Artificial Intelligence.

Wondering what else Sid can do for your business? Sid can help create a business roadmap that improves the performance of the business to get new customers.

Book a meeting with Sid at ICRS’22 in Vegas and improve your margins with the magic of AI.