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Hertz Global Holdings
American car rental company / From Wikipedia, the free encyclopedia
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Hertz Global Holdings, Inc. (formerly The Hertz Corporation), known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental and Thrifty Car Rental.
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Company type | Public |
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Industry | Car rental and leasing |
Founded | 1918; 106 years ago (1918) in Chicago, Illinois, U.S. |
Founder | Walter L. Jacobs |
Headquarters | , U.S. |
Key people | |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | c.ā27,000 (2023) |
Subsidiaries | |
Website | hertz |
Footnotes / references [1] |
It is one of the three big rental car holding companies in the United States, holding a 36% market share, placing it ahead of Avis Budget Group and second to Enterprise Holdings.[2] As one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, Hertz operates in 160 countries in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand.[3]
Hertz was ranked 326th in the 2020 Fortune 500 list.[4] The company filed for bankruptcy on May 22, 2020, citing a sharp decline in revenue and future bookings caused by the COVID-19 pandemic.[5][6] As of December 31, 2021, the company had revenues of $7.3 billion, assets of $19.7 billion, and 23,000 employees.[7] As of July 1, 2021, the company is no longer in Chapter 11 bankruptcy.[8]