Car-hire firm CarTrawler revenue jumps as rental prices stabilise

The company also posted an operating profit of €8.3m, surging 150% from €3.3m in the previous year.

CarTrawler revenue jumped 5% to €174m in the year to the end of September 2023 as car reservation volumes increased 15% year-on-year following a decline in car rental pricing from “record highs” in 2022.  Picture: Larry Cummins

CarTrawler, the Irish car rental firm used by travel businesses, posted a jump in annual revenue, driven by stabilised pricing which also contributed to ongoing pent-up post-pandemic demand among holidaymakers.

CarTrawler revenue jumped 5% to €174m in the year to the end of September 2023, as car reservation volumes increased 15% year-on-year following a decline in car rental pricing from “record highs” in 2022.