Why Promote Car Rental Websites And Car Booking Services?
The global car rental market is all set to register a compound annual growth rate of around 7.5% throughout the period between 2019 and 2024. The rising awareness about the significance of reducing vehicle emissions has led to an increase in demand for car rental as a feasible alternative to car ownership. In the year 2014, the average growth in global rental car rate was estimated to be around 2.2%, while 2018 showed an increase by 0.6% than that of 2017.
The growth in the tourism sector has played a considerable role in boosting the global demand for car rental. The global travel industry is said to have contributed a staggering $8.8 trillion to the world economy in the year 2018. Car rental service providers offer services to the tourists visiting a country or a city and help them explore the region, taking their own sweet time.
Car rental companies aim to tap tourists who are willing to explore new places and come up with their own itinerary. The average cost of renting a car across the globe is around $41 per day. As top car rental companies are ready to pay generous commissions to affiliate partners, joining a car rental affiliate program can be a lucrative option for you.