Southeast Airport Rates Up Due to Hurricanes

The September average quote of $50.38 was up year-over-year again this month by $2.67. The deseasonalized average increased dramatically in May and has since stabilized at around $52. This increase is in line with reports that the over fleeting by at least one of the majors has been corrected; we can expect rates to continue at current levels, subject to normal seasonal influences.

The Southeast region is up $10.06 over last year, so Hurricanes Irma and Maria seem to have affected rates in that region. However, the Southwest is only up $1.18; the terrible devastation suffered by Texas did not seem to have a major effect on rates.

Rate data provided by Rate-Highway, a provider of revenue management services for the auto rental industry. Rates are a monthly average of weekly surveys of aggregator/OTA rates for vendors present in the markets listed on the date of the survey. These tables and graph show the average of all daily base rate quotes for an ICAR at the 50 largest U S airports weighted by deplanements, for arrivals 15 to 21 days ahead of the date of the survey, for two- and seven-day rentals.
Rate data provided by Rate-Highway, a provider of revenue management services for the auto rental industry. Rates are a monthly average of weekly surveys of aggregator/OTA rates for vendors present in the markets listed on the date of the survey. These tables and graph show the average of all daily base rate quotes for an ICAR at the 50 largest U S airports weighted by deplanements, for arrivals 15 to 21 days ahead of the date of the survey, for two- and seven-day rentals.

Jim Tennant of The Tennant Group and Michael Meyer of Rate-Highway Inc. have been conducting rate surveys on a weekly basis and providing analysis and comments where appropriate. They publish this monthly recap in our electronic edition and more comprehensive looks in the print editions.

Weekly rate surveys of the top 50 U.S. airports have been conducted since mid-May 2013, so now there are four full years of history. This month, The Tennant Group and Rate-Highway are able to show results with the seasonal component adjusted.

They are also changing the way they calculate the monthly average quote from the weekly averages. In the future, all months will have the same number of weeks each year, and they have adjusted prior months to reflect this change.

Click here for a detailed description of the changes available for downloading.

Please contact Jim Tennant of The Tennant Group, [email protected], 707-287-1311, with questions.

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