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New words:
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adjustment, affiliate, agreeable, agreed, allege, August, authorization, backed, breakdown, centralized, character, closing, committed, communication, competing, connected, deficit, depend, dispositive, disruption, dividend, electrification, Elyse, enacted, excellent, failure, Frissora, fulfill, globe, guaranteed, incorporation, increasing, Inflation, influence, infrastructure, instability, investigation, investment, IRA, IRS, Italian, Jeff, Jefferey, Jersey, John, joint, leaving, maintained, Mark, meeting, monthly, mutually, necessity, occurring, open, position, preceding, predominantly, prevailing, private, professional, recall, recoverability, recovery, repay, repayment, retained, rideshare, rounded, satisfaction, scheduled, Scott, shared, Sider, small, sought, step, subordination, unfavorable, venture, Zimmerman
Financial report summary
?Competition
Avis BudgetManagement Discussion
- As of December 31, 2023, our Americas RAC operations had a total of approximately 5,200 company-operated and franchisee locations, comprised of 1,900 airport and 3,300 off airport locations.
- Footnotes to the table above are shown in the "Footnotes to the Results of Operations and Selected Operating Data by Segment Tables" section of this MD&A.
- Total revenues for Americas RAC increased $443 million in 2023 compared to 2022 due primarily to higher volume, with an increase in Transaction Days, partially offset by lower pricing. The increase in Transaction Days was driven primarily by volume increases in most leisure categories, in light of sustained travel demand, along with volume increases among our ride share customers. Volume at our airport locations increased 12% compared to 2022. Airport revenues comprised 68% of total revenues for the segment in 2023 consistent with 2022. Total RPD declined from previously elevated post-COVID levels. Revenues in Americas RAC were also impacted by an unfavorable $11 million fx impact in 2023.