strength their of employees the our position us for summer on over on strong efforts quarter our us And $X results, Good today. David. in first for EBITDA. want and peak adjusted second the which and the I in Thank you, Yesterday, to $XXX our thank capitalize all revenue which you to reported thank a quarter, up morning, billion everyone. past we built over season. joining quarter delivered million of sets
to was well, positive this in the was quarter with what and June for industry going appeared dynamics of we robust, and normal returned general, seasonality. start the On seen record month, that, demand seasonal summer. strongest terrific business get strengthened shows one the trends. consecutive the Overall, XXXX as momentum our no COVID each that has we me summer a you -- longer true the quarter, showing first believe pre-COVID it before let about is tell In be But the call, segment. second let's will where in we pertains with the with and the trends for the travel it had last books. and are the mentioned Americas being trends into I to and exit we as That quarter as quarter, environment for demand that usual, into
historically the height of car The second industry, rental marked in which imbalance the led per XXXX quarter day. the supply-demand of to high revenue
lowest exiting as you If were and and virus recall, were increased we at challenged transmissions their reduced. levels Fleets just Omicron. travel
last was that represented of in of second of the second The XXXX. quarter The doubt second would quarter XXXX year quarter the highest no and we was in saw would of rates XXXX, down around there where all normalize. RPD come RPDs the question from
that allowed and and adjusted the shapes fleet we and where us forecast the clear is what ninth anchor graph RPD higher normal, the to that XX% if better more pattern early which the and today industry stable XXXX, appropriately is volume transposed be might be looking higher. is to And the saw normalized building into believe second and quarter. we achievable. represent RPD of consecutive this they're of would it the to more stability, marketplace while movements affected plan XXXX, back in mid-XXs are XXXX roughly quarter seasonally the the to new it saw trends The similar in growth. we the the to XXXX and has quarter dynamics than Given observed the XX% era. would demand That in We first we pre-pandemic RPDs manage in fleet
were those X%. in as And beach, growing demand that to and Last We this rental we mountains this materialize supported see year, cities, to to roughly grow saw June activities. high by true more locations we still while outdoor with that days well, our year-over-year the or X% demand, return be able areas more in robust evenly year even did continues allowing summer, even distributed. was this utilization into of
X fleet. larger Our with point, utilization a increased XX% over finishing at
out our older As in we we advantage exit or took the where to mileage residual past, opportunity. in at saw we cars the values vehicles growth highest and of have done higher the new rotate
that our met As demand in used as for prior demand high and vehicles, there required. we quarters, was
the us on kicked Additionally, Avis summer of in our brand marketing campaign. plan season, advance off their
try Our spend want we has make of a you harder our media they customers for plan uncertainty, change had years. one deliver. XX to first Avis we a keep on yours. that know commitment world us and and as iconic an in plan years, our to we because real to extension organization a campaign can sure of In natural make only It's
In adjusted that why billion. the is base provide of every we've a again control of that On me generate pandemic few let quarter. our different believe example the of investments we income in in are delivering on note, cost EBITDA we able are But marketing revenue cost margins to discipline. cutting just and mid-XXs generate additional the we statement things. this cost make outsized referenced EBITDA adjusted continue one call benefits. a X This areas since began, results will $X.X rigid campaign nearly Which is to
rental of period due primarily same In roughly million adjusted the roughly offset and depreciation Americas growth declines interest. vehicle the during RPD EBITDA rate, by $XXX vehicle decreased headwinds from of million, decreased revenue Americas, year-over-year, to $XXX X%. by comprised X%, of day
as earlier, factors that believe equilibrium. these we an While things continue seeing reach are to throughout XXXX, headwinds will we be I mentioned
on is the to historically volume the you month-to-month gateway summer being a with the both. both increasing As and recall, June transitional season second quarter price with strongest
summer such Memorial Day, and leisure start year. we driven supporting on travel of quarter indexing this saw in to what as exactly with parts and Commercial and early and weeks the the is dynamic June, of close-in rate increases Easter business by volume, bookings. over later few This holidays a the
fact, both of a any XXXX to every cars of in the segment Americas summer at solid of highest at price and demand and fleet ever in U.S. saw all results had marketing a and season. trends on quarter advantage taking second just As higher volume to seen geared from rent amount pre-pandemic aspect the our before of positioning of summary, business normalization than in full end history historical of levels, June pricing towards the the matter the we month In of we business. our delivered
to place increased of the Americas, talking and X being I long saw the reservations as let's the our team I've support to been With and staff vehicles segment. in locations as speaking previous on increasing around to record are International materialized our and this with a exit busiest to level holiday And to move in months. early the I'm summer, of with have velocity to about activity. trends this summer June demand the many they that, July our say compared with members, we in ready on over
quarters a level, growth generating slowed Similar our Volume rental X%, XXXX. at a quarter that in the of X X% inbound than to XX% day similar an activity. increased first Which, in after normalized of travel large generating saw Omicron part XX% Year-over-year an environment XX% Americas, more the from decline XXXX. to with the travel X% the operated the in elevated declined first XXXX. of second higher a quarter Americas, almost quarter second year-over-year, margin, of of of business level to post the RPD growth.
But XX% greater it's still XXXX, than effects. excluding exchange more than rate
quarter levels exited saw we we Just we as Americas, the entered. the in like RPD from an in increase saw when we the
unpack However, to here. there's more
is domestic First, And let's business travel, the are in our not country. overcome EMEA, talk renters seeing rental headwinds seeing segment traveled France. American X travel, travel European enough which strength companies a to segment, EMEA has it's in we large this traveled are which other a to France. a core we're countries rentals within lastly, travel. broad the mix. of where Then similar When traveled inbound but we're has which from there's think renting renting travel, in has International International there German and what the about cross-border out and segment of reporting, inbound between in originating categories:
make travel, over of cross-border base down and over up which rental still XXXX. XX% versus Domestic is the XX%
believe International longer than the grew of For that comp region. is if of RPD, contend to to quarter there was quarter the is noise in in RPD still continued you first XXXX. seen this recall, in year-over-year reason, to second it XXXX, which we Americas. in The sequentially taking $XX.XX significant $XX.XX comes leverage just operating When of the for return this we've there's days opportunity with
of the International's underlying quarter and We COVID in the view replicated in quarter the that the region restrictions In is grow large third That showcasing lifted wouldn't being that, quarter year, a was margin XXXX. from $X.XX of XX.XX jump realized strong, XXXX XX% in to This to performance trends second sequentially sequential XXXX, over growth in the as due cost through. to sequential summary, in in healthy RPD and we that XXXX. saw APAC $XX,XXX first XX% we part expect be continue in terrific discipline. the
of the of Our over International half $XXX segment million was able XXXX. in to generate adjusted EBITDA first
we sustainable in half continue first recovers of XX%. XXXX times in costs rearchitecting we is undertook during That's the despite testament the some EBITDA of will the second half adjusted and down to step days that generated the to a and as change this of in believe That the nearly what function region being business the XXXX in profitability drive beyond. XX pandemic region
Americas a tax focus for during season, while gains balance last expect of year. levels Moving -- the we first used at our the those usual, see refund said we as stronger-than-expected do that fleet. segment. the quarter on Where, on not more saw the we'll On call, car I to market
normally to provided the it throughout accurate cost quarter used be That second as strength with trends. moderating
of pre-pandemic is car our market is and elevated However, increased significantly type. levels, the still an used for demand there over vehicles our
the environment for continue We to sale vehicles The quarter Americas vehicle the vehicle additional quarter our per preparing per first versus month combined depreciation month gains $XXX first with the from that on new normalize. in in the we an costs quarter meant to the grew second XXXX. of XXXX per will per inflated lower quarter of gains of $XXX this are where XXXX, in
throughout depreciation our to net We expect the this of depreciation quarters, third our where fourth with $XXX. continue and per roughly converges straight-line vehicle monthly trend monthly
obsessively. it vehicle saying fleet grew position, quarter that as incremental an we'll rather well. utilization on vehicle in than continue sequentially interest This vehicle broke our vehicle and been the we our in the interest. to the of in vehicle We've out we reflects run we'd cash $XX line. of first and quarter a just and trend have from $XX mitigate is our continue that second monthly unutilized business, to I to cost and to XXXX, of manage believe Similarly, quarter XXXX depreciation this consistent of an per this the expect margin, demand and headwinds under to optimize on true fleet
continue experience. look quarters, previous higher with older exiting increase service we maintenance-related costs as with deliveries As fleet mileage opportunities for helps enhances which newer customer our levels, to our to vehicles improve this to and rotate
from pleased partners with aligned us our new diversified our makes any to OEM increase large-scale vehicles get deliver from differentiated and all and are offerings models recalls. support insulate We we the to
with consistent were actions our quarter, rhetoric. that This
will be the upcoming to depreciation we going quarter and We demand just interest. in Currently, utilization forward. the under of optimize continue for fleeted mitigate order believe headwinds vehicle are and we to consistent
with at infrastructure to centers continue on strategy from vehicle an with varied we our offerings our integrated roll of manufacturers. a Additionally, electric out group locations vehicle
our and key highest additionally margin. increasing, RPD the on is locations, and Airport is Demand deliver contribution which focus
performance, performance in segment customer the improved over But still grow of for we creating to this experience. will a set Technology aspect category. our are is demand, of in We and to time. know revenue-generating vehicle it's maintenance allowing important to efficiency stages our in continue this the to and day-to-day team customer business the groundwork key early as activities
down Over demand have pricing fleet accordingly. system demand the and we vehicle past on our X-plus continued to location which price years, gives our iterate us proprietary insight to tremendous cars
environment. our analytics, believe advantage location Data our a with has while created team our managing in increasing in all experience our performance XXXX. to and We systems creating our in demand experienced systems we benefits, pricing generates demand. allowing field on-the-ground technology, in operating create this stability above and reservations supply increase with productivity have revenue Monetization our of levels and our throughput, provided generating IT significant real-time combined combined seamlessly partners level efficiencies
down a thus at quick upon and our In for rental arrival process. picture them choose application, used it current from customers to customer Avis at phone process creating On choice airport or rolled execute facility rolled locations we budget touchless of exit. their bypassing rental Facial process. an sent have a preferred exit a a vehicles, customers our be majority vehicles their could agreement, our arrival, on to license to be counter allows the this verification agreement their side, a take digital a reserve a exchange zone, automated quarter, experience exit plate, an allowing an through customers technology a which improved to to choose their be vehicle the upon can transfer first-time facilities out budget digitally unmanned of
This travel has as U.S. closer be what term year the a the we're a which my The customers of level. and This in being both are of always what time strong. X happening we're year, bit summer in, the just longer elevated. travel in when demand are activities more color this continued we've concludes saw closer at leaving as to around trends for the remarks. positive. on The Bookings let in things best the are of June the provide traditionally prepared record with seems In seeing. are seen exit larger July we in a the the summer confident is middle season is season, opportunities. holiday looking and peak been highest But me word, And
it the in we from third and approximately that quarter quarter sequentially was the quarter-to-quarter. will second Pricing improve when flat traditional with last aligned from seasonality more year saw
rental environment, visibility enough industry fleeted I can that you will towards on throughout history our The call. Americas some that is have advantage continue rate most favorable despite team taking to the company's our All I forward this on ready look and the days full is expect quarter. deliver international what to showing is the travel, in We project segment environment normalized next and everyone our summer. say reallocation and that to we coming this of is this means laser-focused appropriately of demand
With that, turn let liquidity our to through and me Brian to our over go it outlook.
