Car rental’s performance continued to improve in 2019 as values sales increased at a higher rate than in the previous year, albeit moderately. This improvement is partially due to the growth in the nation’s economy, alongside the government’s aggressive expansion in infrastructure development.
Compared with the average demand on regular days, demand for car rental is heightened during the Eid al-Fitr or Lebaran period as well as the run-up to the holiday. This is especially so in smaller cities where online ride-hailing companies do not exist or have a minimal presence.
Growth in the travel industry is reflected in the growth of car rental as well. Although online ride-hailing applications are present, the majority of tourists still opt for conventional car rental because of the convenience factor.
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Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Indonesia with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.