{"id":377569,"date":"2026-08-21T15:32:09","date_gmt":"2026-08-21T15:32:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/377569\/"},"modified":"2026-08-21T15:32:09","modified_gmt":"2026-08-21T15:32:09","slug":"pie-rental-car-revenue-to-rise-43-6-under-new-contracts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/377569\/","title":{"rendered":"PIE Rental-Car Revenue to Rise 43.6% Under New Contracts"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Rental-car concessions at <a href=\"https:\/\/tbbwmag.com\/category\/st-petersburg\/\" data-internallinksmanager029f6b8e52c=\"24\" title=\"St. Petersburg\" rel=\"nofollow noopener\" target=\"_blank\">St. Pete<\/a>&#8211;<a href=\"https:\/\/tbbwmag.com\/category\/clearwater\/\" data-internallinksmanager029f6b8e52c=\"22\" title=\"Clearwater\" rel=\"nofollow noopener\" target=\"_blank\">Clearwater<\/a> International Airport will generate 43.6% more estimated monthly revenue under new five-year agreements, bringing the airport $28.2 million.<\/p>\n<p class=\"wp-block-paragraph\">The agreements with Enterprise, National, Alamo, Avis and Budget increase estimated monthly concession revenue from about $327,476 under the expiring contracts to $470,169. <\/p>\n<p class=\"wp-block-paragraph\">The Pinellas County Commission is scheduled to consider the contracts Aug. 25, with the new agreements running from Oct. 1 through Sept. 30, 2031.<\/p>\n<p class=\"wp-block-paragraph\">The increase comes from minimum annual guarantees submitted by the operators, which collectively account for the county\u2019s $28.2 million revenue estimate. <\/p>\n<p class=\"wp-block-paragraph\">Enterprise Leasing Company of Florida accounts for nearly $19.8 million through its Enterprise and National concession and a separate Alamo agreement, while Avis Budget Car Rental accounts for the remaining $8.43 million.<\/p>\n<p class=\"wp-block-paragraph\">The airport can collect more than the $28.2 million estimate because each operator pays 10% of its gross revenue when that amount exceeds its minimum guarantee. <\/p>\n<p class=\"wp-block-paragraph\">The agreements require separate payments for terminal counter space and rental-car parking, adding another source of airport revenue beyond the concession fees.<\/p>\n<p class=\"wp-block-paragraph\">PIE\u2019s fiscal 2027 proposed budget includes about $4.4 million in rental-car commission revenue, with the county budgeting 95% of projected commission revenue as required by state law. The airport\u2019s five-year financial forecast also incorporates rental-car commission revenue.<\/p>\n<p>\n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"Rental-car concessions at St. Pete&#8211;Clearwater International Airport will generate 43.6% more estimated monthly revenue under new five-year agreements,&hellip;\n","protected":false},"author":2,"featured_media":377570,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-377569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-st-petersburg","tag-st-pete","tag-st-pete-headlines","tag-st-pete-news","tag-st-petersburg","tag-st-petersburg-headlines","tag-st-petersburg-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/377569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=377569"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/377569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/377570"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=377569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=377569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=377569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}