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Learn moreSep 2017
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Car rental hire in the Philippines is popular among inbound tourists looking to travel around the city and to and from provinces freely and with the privacy of driving themselves; this is common for both domestic travellers as well as for business trips. In terms of leisure and tour activities, car rental to be used during the tour is often included in the travel package. However, in reaching another town or city, public transportation such as by bus is still commonly used by domestic passengers, mainly because it is usually the cheaper option and commuting is relatively easy for Filipinos as the local mode of transportation ranges from buses to tricycles which can drop passengers off to a specific destination.
Domestic tourism will continue to boom, with newly discovered and promoted tourist destinations which are commonly found in nearby cities and towns to the metro areas as a result of growing demand for travel among working millennials. This presents an opportunity for car rental companies as the demand continues to grow and the destinations are within their usual range of trips, such as Calabarzon, which continues to be the leading domestic destination. The growing middle class and family-oriented markets, which are more likely to travel in groups and thus hire a car, are also a good opportunity for the industry. However, in terms of business travel and foreign passengers, there is an increasing threat from increasing competition and also by security threats.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Philippines 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 Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.
The Car Rental in Philippines market research report includes:
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This industry report originates from Passport, our Travel And Tourism market research database.
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.