A luxurious lifestyle starts with your taste of cars
The car rental industry has become a huge revenue generating industry over the past few decades at a global scale. In the United States of America, more than 2 million vehicles are providing rental services and this figure is multiplying over the time in other continents as well. If we talk about the United Arab Emirates, the luxury car rental in Dubai is a norm of style and trend. In Dubai, high-scale businesses are growing day by day which is also giving rise to the overall economic activity. Therefore, business executive conventions, political seminars, and international conferences have become a normal routine in Dubai. These democrats and business owners need symbolic standards of status to stay and move for their get-togethers in a magnificent manner. They don’t compromise on the standard and quality in comfort and style so every treatment is highly elegant.
Luxury Car rental in Dubai has become a highly consolidated industry since 2000. Firms like Enterprise, Avis, Ferrari, Hertz, Rolls-Royce and Bentley are generating billions of dollars by providing their cars for rental purposes.
As the demand of rental vehicles is gradually increasing and level of integration in this industry is low, this business is very profitable and gives good margins after investment. Competition between different rental agencies is quite high especially during the tourism season. Airports, hotels, metropolitan areas, big malls and restaurants are organized with this service to facilitate tourists and help the rental agencies increase their market share. As these car rental firms are not only catering to the corporate sector but also providing services to leisure tourists who don’t wait for particular dealer to contact but save their time by choosing any option, the competition rate is getting higher day by day.
Each and every firm’s growth rate depends upon the fleet size and investment types. In other words, you can increase you profit share only by investing more in car rental industry. At the same time, the investment in vehicle in terms of facility and comfort should be value generating for the company because people pay more if they get more and vice-versa. This is not a game of intuition but a proper market study and numerical analysis may equip any rental agency to maintain its fleet of vehicles at a particular place like airport or hotels etc.
In addition to the comfort and luxury styling, range of amenities such as Never-Lost GPS system, on time response by sophisticated availability software and applications by a click of a button, and customer database to facilitate and reward of free rides after 4-5 consecutive days, are promotional tools to increase market share and break the competition.
If we talk about consumers in rental car industry in Dubai, they have a very low-to-nil switching cost. They have no fixed nor operating cost including insurance, property rent, and maintenance. They can enjoy any luxury car and ride on any lavish vehicle according to the mood and the budget. Though in corporate sector, alternative ways of communications like video conferencing, software and applications to setup emergency meetings with employees have become very cheap but somehow we cannot refuse the importance of face-to-face conferencing, needs of international seminars and grand expo expeditions. Luxury car rental in Dubai is providing great contribution in economic growth and developments. Their contribution worth the charges they are asking for so next time, for visiting and travelling, don’t hesitate to ask for a Bentley for rent in Dubai. Travel in Dubai with style and luxury.