China & France - Europcar Group (www.europcar-group.com), the European leader in vehicle rental services and a major player in mobility markets, and Shouqi Car Rental, a leading Car Rental company in China, part of the Beijing Tourism Group, have signed a worldwide commercial partnership to better serve their customers. This partnership is an outstanding opportunity for Europcar to benefit from the strong inflow of Chinese tourists throughout the world - and particularly in Europe – and to give the Europcar customer access to one of China’s leading Rental Networks. This cooperation between Europcar® and Shouqi is a key strategic step for both organizations delivering complementary networks to expand their global reach. With this partnership, both Shouqi and Europcar® customers will benefit from a consistent high quality service worldwide. Shouqi customers will be able to access Europcar’s car rental services directly from Shouqi’s website (website: www.izuche.com, email: sqcs@izuche.com) and will be able to purchase all-inclusive packages outside of China throughout the Europcar Worldwide Network. In the same way, Europcar® customers will have access to Shouqi’s services through Europcar’s website (www.europcar.com) and will be able to either rent a car, if they own a Chinese driving license, or book a chauffeur service in China through a range of three offers: classic, business or persons with reduced mobility. In 2015, 127 million Chinese people have traveled around the world1, China being the largest tourism source market in the world and their amount of expenditure reached €292 billion2 (up 25% versus 2014). In addition Chinese customers have growing needs regarding car rental services when they travel. Shouqi Car Rental is one of the leading mobility players in China with a fleet of more than 30,000 vehicles, approximately 500 stations, and covering more than 70 domestic cities. Shouqi Car Rental is a subsidiary of the Beijing Tourism Group, one of the largest and most important Tourism Group in China. Europcar Group is active in more than 140 countries and serves customers through an extensive vehicle rental network (3,600 points of sale worldwide in 2016) comprised of its wholly-owned subsidiaries as well as sites operated by franchisees and partners. The Europcar Group directly operates an average fleet of more than 200,000 vehicles.
Last month, vehicle rental provider Europcar Group partnered with Chinese company Shouqi Car Rental to deliver complementary customers networks and expand their global reach. Through the partnership, Europcar will attract Chinese tourists directly through Shouqi's website, while Shouqi will receive access to Europcar's customers through the Europcar website. A subsidiary of the Beijing Tourism Group, Shouqi Car Rental has a fleet of more than 30,000 vehicles in more than 70 domestic cities. Europcar Group has 3,600 points of sale in more than 140 countries, comprised of wholly-owned subsidiaries and sites operated by franchisees and partners. * * The following is an excerpt from a press release issued today by Euro Rent-a-Car, Inc. ("Euro-R") regarding its acquisition of Shouqi: