Car and Rail
Railbookers Introduces Its First Luxury Rail Week
Claudette Covey
Expedia TAAP: Empowering Travel Advisors
Opinions
Another Warning Sign for US Travel
Lacey Pfalz
Destinations
Discover Loreto: Baja Surs Timeless Treasure
Baja California Sur
Jamaica
Puerto Vallarta is awaiting you!
Agents
The Top 24 Most Powerful Travel Agencies of 2024
Mia Taylor
The Strategic Art of Pre-Planning Luxury Vacations: A Perspective for Travel Advisors
Belvin Baldwin II
One of the oldest car rental companies in the US is filing for bankruptcy protection due to the COVID 19 pandemic.
Hertz Global Holdings said in a U.S. court filing on Friday that it voluntarily filed for Chapter 11 reorganization. Its international operating regions including Europe, Australia and New Zealand were not included in the U.S. proceedings.
According to a CBC News report, the company has $19 billion US of debt and roughly 38,000 employees worldwide and is among the largest companies to be undone by the pandemic. The company also runs the car rental brands Dollar and Thrifty.
Hertz had said earlier this month they could avoid bankruptcy if it received relief ffrom the U.S. government. who has started assisting companies as part of an unprecedented $2.3 trillion US relief package.
For the latest travel news, updates and deals, subscribe to the daily TravelPulse newsletter.
Marsha Mowers has represented some of the biggest destinations in the world including New York City, San Francisco, Las Vegas...
Alaska Airlines Offers Buy One, Get One Ticket Deal on New Route to Seoul
What's New With Casa de Campo?
Explore the latest travel news, advice, updates, upcoming exclusive deals and more.
CEO of Zenbiz Travel, LLC
