If you follow my blogs you may notice I tend to write about three basic topics limousines, CheapLimoRates.com and its technology and limousines. You would think I was obsessed with the whole limo thing. Though I know more than the average person does about limousines, I rarely use them. Oh a few times when traveling and a few times for a dinner (I missed my prom) but not as much as you would think.
I worked for a limousine company once where the owner of the company had a large fleet of limousines and sedans and had not ridden in a limousine until he had owned the company for six years. Imagine that, owning several hundred thousand dollar plus vehicle and you never utilize them yourself. Well I digress, the reason I write so much about limousines, other than the fact it is the career path I have chosen, it is because I have an insane desire to revitalize the limousine industry.
Here are some facts that you may find quite startling:
1. In the last year (2009) the number of limousine companies operating went from and average of around 11,000 companies to around 9000 companies and it continues to fall. That is an average loss of 167 companies per month.
2. The average limousine company employs 9 people (there are only 35 companies that do over 100 million dollars in revenue nationally) which means that last year over 18,000 people in the industry lost their jobs.
3. Whether it is a large or small company, they both average $60,000 per employee in annual revenue.
4. $60,000 dollars in revenue time 18,000 employees equals almost a billion dollars in lost revenue from the industry.
Opinions vary as to the size of the limousine industry. I have heard numbers as high as 20 billion and as low as 4 billion. However, whether it is 4 or 20 billion, a billion dollar loss from the industry is staggering.
The limousine industry is driven by business and leisure travelers. That being said, our technology was developed in order to help the limousine and sedan industry recover from losses incurred by idle vehicles and to help the business and leisure traveler find those idle vehicles at lower costs more conveniently. With both the limousine and sedan services and the consumer getting what they need, the industry has a chance to recover and potentially find an even larger base of consumers.
It may be a dream, it may be wishful thinking, but it is my goal to help our Limousine Service Partners and the industry as a whole come out of the recession stronger and larger than before, because as you know, limousines are meant to make everything appear larger than life.