Executive Summary

Sep 2019
PROSPECTS
Car rentals benefits from the fact that Ecuador is a small country, enabling visitors to cover a lot of territory by car within less than a day

The price of gasoline in Ecuador is considered to be relatively cheap compared to what drivers pay elsewhere, at around USD1.85 a gallon.

Migrants returning home for the holidays give car rentals a significant boost during the Christmas season

While it is customary that gift exchanges, dinners in restaurants and shipping of packages abroad boost the economy during Christmas season in Ecuador, a new economy-boosting phenomenon seen in recent years is related to migration, and that is the rental of vehicles. The car rental business grows by approximately 35% during this time, and the main factor for this is the temporary return of Ecuadorians that work in foreign countries and return during the holidays to visit family members.

Car rental by tourists is somewhat constrained by pre-purchased packages that include transportation and by access to taxis in the cities

Growth of car rental is limited in the country due to the fact that international travellers usually come to Ecuador with pre-bought Galápagos packages, where transportation is taken care of. In cities like Quito, where travellers going to the Galápagos usually spend a night, taxis are very popular and accessible.

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Car Rental (Destination) in Ecuador

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Overview

Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Ecuador with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Car Rental industry in Ecuador, our research will save you time and money while empowering you to make informed, profitable decisions.

The Car Rental in Ecuador market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth  
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Car Rental in Ecuador?
  • What are the major brands in Ecuador?
  • Is there a shift from airport car rental to non-airport?
  • Is leisure car rental outpacing business car rental?
  • Is insurance replacement recession-resistant?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Travel And Tourism market research database.

Car Rental (Destination) in Ecuador - Category analysis

HEADLINES

PROSPECTS

Car rentals benefits from the fact that Ecuador is a small country, enabling visitors to cover a lot of territory by car within less than a day
Migrants returning home for the holidays give car rentals a significant boost during the Christmas season
Car rental by tourists is somewhat constrained by pre-purchased packages that include transportation and by access to taxis in the cities

CATEGORY DATA

Table 1 Car Rental Sales: Value 2014-2019
Table 2 Car Rental Online Sales: Value 2014-2019
Table 3 Structure of Car Rental Market 2014-2019
Table 4 Car Rental NBO Company Shares: % Value 2015-2019
Table 5 Car Rental Brands by Key Performance Indicators 2019
Table 6 Forecast Car Rental Sales: Value 2019-2024
Table 7 Forecast Car Rental Online Sales: Value 2019-2024

Travel in Ecuador - Industry Overview

EXECUTIVE SUMMARY

Airlines and luxury hotels expand despite temporary decline in tourist arrivals
Online sales and services continue to grow as travellers worldwide become accustomed to using technology
Small hotels bear the brunt of high supply of hotel and increased use of short-term rentals
Ministry’s 3-pronged action plan to boost tourism is still under development
Increased connectivity and active promotion of community tourism and other areas alongside the Galápagos set to benefit the travel industry

SWOT

Summary 1 Destination Ecuador: SWOT

MARKET DATA

Table 8 Annual Leave: Volume 2014-2019
Table 9 Travellers by Age: Number of People 2014-2019
Table 10 Seasonality: Number of People 2014-2019
Table 11 Leisure Outbound Demographics: Number of Trips 2014-2019
Table 12 Other Transport Sales: Value 2014-2019
Table 13 Other Transport Online Sales: Value 2014-2019
Table 14 Forecast Other Transport Sales: Value 2019-2024
Table 15 Forecast Other Transport Online Sales: Value 2019-2024
Table 16 Activities: Value 2014-2019
Table 17 Forecast Activities: Value 2019-2024

SOURCES

Summary 2 Research Sources