Country Report

Car Rental in

Car Rental in the Philippines

12 pages, Sep 2017

US$990

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Executive Summary

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TRENDS

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.

PROSPECTS

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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Car Rental Sample Report Car Rental Sample Data

Overview

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.

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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:

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 Philippines?
What are the major brands in Philippines?
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.

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