Award-prevailing, UK-based automobile lease corporation, Rhino, has launched its operations in the Middle East after signing a strategic agreement with UAE-based totally TIME Hotels. TIME Hotels is now a shriveled associate of Rhinocarhire.Ae permitting TIME to provide ‘live’ vehicle condominium bookings thru its very own internet site. Real-time quotes and availability can be seen in the millions of online traffic browsing to TIME Hotels’ website every 12 months.
“We wanted to companion with Rhino, principally due to the fact their whole commercial enterprise method is constructed on offering extraordinary price-for-cash, in a charge touchy area, without compromising on operational exceptional, or customer support. That’s something we believe in very strongly and the bedrock of our very own emblem,” stated Mohamed Awadalla, CEO, TIME Hotels. Goldstein Research analyst forecasts the UAE vehicle apartment & leasing marketplace is predicted to develop at a CAGR of more than 9% during 2017-2025, as investments with the aid of the new and present market gamers within the area are anticipated to upsurge in coming years. Furthermore, with the accelerated range of visitor arrivals yr-on-yr and the impending Expo 2020, the growth of the automobile rental & leasing market is forecast to maintain unabated.
Indeed, primarily based on the rental kind, services like chauffeur drive, Uber, or ordinary taxis, have acquired 45% of the UAE automobile condo and leasing market. However, alternatively, at a CAGR of 12.4%, the self-driving phase is possible to be the fastest developing section over the subsequent 5 years. Declan McNaughton, CEO – Middle East, Rhinocarhire.Ae commented: “Given those very encouraging studies figures, we’re enthusiastic about increasing right into a dynamic market, with a relied on companion inclusive of TIME Hotels.
TIME Hotels presently has 17 residences in operation across the UAE and wider GCC with new additions in Dubai, Sharjah, and Saudi Arabia scheduled for this year as well as extending its presence to Egypt – further supporting TIME Hotels’ strategic business plan to grow its portfolio to 35 properties across the Middle East by the quit of 2025.
“With an ‘on the floor’ presence in Dubai, we’re confident that we will build on our global success and assured we can bring the Rhino logo to both home and worldwide automobile condo clients in the UAE and wider Middle East. In addition, TIME Hotels’ excellent reach and shared vision will virtually help our mission,” added McNaughton.
A family-owned and run enterprise, Rhinocarhire has now been running for 12 years and has constructed up a vehicle rent presenting throughout 50,000 locations worldwide from five,000 apartment providers. Having arranged over 8 million charges from the leading apartment agents around the arena, Rhino turned into voted Best Car Hire Website inside the UK in 2018 at the prestigious Travolution Awards in London. “To stay ahead in this quarter, patron delight and retention are genuinely essential. Our online provider is accessible 24/7, 365 days a yr, and we’re usually reachable to assist,” stated McNaughton.
Disclaimer: The contents of this press launch became provided by an outside 1/3 celebration company. This website isn’t always accountable for and does no longer manage such external content material. This content material is furnished on an “as is” and “as to be had” basis and has no longer been edited in any manner. Neither this website nor our affiliates guarantee the accuracy of or recommend the perspectives or evaluations expressed on this press release.
The press launch is supplied for the most effective informational purposes. The content does now not offer tax, felony, or funding advice or opinion regarding the suitability, value, or profitability of any particular protection, portfolio, or investment strategy. Neither this internet site nor our affiliates will be liable for any errors or inaccuracies inside the content material or any movements taken by you in reliance thereon. You expressly agree that your use of the data within this text is at your sole threat.
To the fullest volume approved with the aid of relevant regulation, this internet site, its determined employer, its subsidiaries, its associates, and the respective shareholders, administrators, officers, personnel, agents, advertisers, content vendors, and licensors will not be accountable (at the same time or severally) to you for any direct, oblique, consequential, unique, incidental, punitive or exemplary damages, including without drawback, misplaced profits, lost savings and lost revenues, whether in negligence, tort, agreement or another theory of legal responsibility, even supposing the parties were advised of the possibility or ought to have foreseen one of these damages.
