Hotwire.com released on June 28 the June 2012 Hotwire Travel Savings Indicator, which features the top five cities in North America where hotel, air and car rental rates have dropped the most as compared to the same time last year. Using pricing research to cover the three most popular travel products, the report helps guide travelers to the best destinations for maximizing their travel dollars each month.

"Summer officially kicked-off last week which typically means higher prices in most popular markets; however, we're still seeing some fantastic deals on hotel, air and car rentals across the country," said Clem Bason, president of the Hotwire Group. "For sun worshippers, cities like Palm Springs, Key West and Las Vegas all have deep discounts on airfare and car rental rates. For those looking to escape the sizzling temperatures, places like Spokane, Seattle, Vancouver and the Bay Area are each offering stellar rates on a variety of your travel needs."

Car Price Drops

This month, travelers can expect staggering discounts on car rentals with available rates as low as $19. For those looking to rent a car in Boston, Mass., they will see deep discounts as the city remains at the top of the discount car list for the third consecutive month with a 66% decrease.

When compared to this time last year, the top five car rental price reductions for June 2012 include:

You can read the full report with hotel and air market savings indicators, here.