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The COVID-19 pandemic has affected nearly every aspect of our lives. And with so many people laid off or working reduced hours, many people’s personal finances have been thrown into complete disarray. In other words, the pandemic is changing the way people deal with money. While there is still a great deal of uncertainty ahead of us, financial planning should not take a backseat just because it’s become more difficult to forecast for the long-term. Regardless of your current financial situation, there are steps you can take to lessen the financial hardship of the Covid-19 pandemic and prepare for the future.
Shortly before this time last year, the rental car industry was grappling with how to use technology to push the industry forward as it tried to fend off heavy competition from ride-sharing behemoths like Uber and Lyft. Then the COVID-19 pandemic arrived, and everything changed overnight. Government imposed lockdowns brought the travel industry, and with it the car rental business, to a virtual standstill as tourism collapsed.
Nevertheless, all is not lost for the rental car industry as companies began adopting new technologies to streamline their operations. By adapting to shifting consumer tastes and embracing COVID-19-safe practices, the rental car industry hopes to take advantage of the following industry trends in 2021.