Tagged Rental Rates

March Airport Quotes Down for Fourth Consecutive Month

March airport quotes continued to drop for the fourth consecutive month, with the quote down $6.42 from last March. All regions but the Midwest were down, with the Northwest down $13.24 — the biggest decrease in the five regions.

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Rate Pros Appoints New President

Rate Pros, a provider for rental rate management, analysis and pricing programs in the travel industry, has appointed Shona Nabity as president.

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Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

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February Airport Rates Down in Every Region

February’s average nationwide quote was down $4.49 from last February after decreases of $1.02 in December and $3.87 in January. All regions were down, with the Northwest down $10.92 — the biggest decrease in the five regions.

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ReachNow Announces Flat Rate Pricing

BMW’s ReachNow mobility service is unveiling flat rate hourly pricing of $20 for its carsharing program. Currently, ReachNow operates in Seattle, Portland, and Brooklyn.

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January Airport Rates Continue Downward Trend

Airport rates in January dropped $3.87 compared to a year ago. The Tennant Group and Rate-Highway also took a look at the major eight rental brands’ average rate quotes over the last three years. National has held the highest rates for the most weeks over Hertz and Avis.

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December Rates Down Slightly to End Volatile Year

December airport rate quotes were down $1.02 nationwide from a year ago. With year-to-year comparisons from down $6.11 in January to up to $5.48 in September, the last three months of 2016 were relatively stable.

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November Rates Flat Over 2015

November rates are up $.05 over November 2015, while 12 months to November averaged a small $0.31 decrease.

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Flat Airport Rates Continue in October

After two months of significant rate quote increases over the previous year, airport rates for October were down $0.65 or about 1.5%, almost flat year-over-year. Rates turned down for the middle two weeks in October, but they were up again the last week of the month.

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Rate Pros Offers Rate Analysis, Pricing Program

Rate Pros assists car rental companies by assigning a revenue manager to monitor and support pricing operations.

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ReachNow's Carsharing Service Adds Long-Term Rates

BMW’s ReachNow carsharing service is now offering long-term rates for up to five days of rental in the Seattle area.

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September’s Airport Rates Increase Highest in Two Years

Airport rates for September are up $5.48 year-over-year, the largest increase since July 2014. But the weekly rates suggest it’s not yet a guarantee that rates are on a long-term upward trend: the rates were up mid-month and then flattened out the last two weeks.

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August Rates Rebound After Lackluster Summer

August rate quotes showed some strength, up $2.81 or 7% from August 2015. Hertz and National had the highest weekly average rates when comparing the eight major brands.

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Philadelphia Named Most Expensive Car Rental City

After comparing rental rates in 50 U.S. cities, CheapCarRental.net found that Philadelphia had the highest daily rate at $83 for August.

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Airport Rates Downturn Continues into July

After a decrease in June, July’s airport rates were down 60 cents from a year ago. Avis Budget Group and Hertz both expect flat or slightly higher pricing for the balance of 2016.

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Airport Rates Drop Slightly in June

After a small upturn in rate quotes for March, April, and May, airport rates dropped slightly (74 cents) in June. Summer rental rates may be impacted by England’s decision to leave the European Union; the euro and pound have already been weakened.

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Highest July 4th Travel Predicted

Nearly 43 million Americans are expected to travel this Independence Day holiday weekend; an increase from the 42.3 million people who traveled last year, according to AAA Travel.

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Mytripcar.com Shows ‘Real Cost of Car Rental’

Mytripcar.com, a new car rental comparison site, says it shows the “real cost consumers will pay for their car rental, including hidden costs usually found in the terms and conditions.”

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Airport Rates Up Two Months in a Row

For the first time since July 2014, airport rates were up back-to-back months: in April at $0.59 and in May at $3.79. Denver had the highest average quote at $66.82 while San Diego had the lowest rate at $34.17.

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April Airport Rates Slightly Up

For the first time in five months, April airport rates were up — up $0.59 overall. The Northeast continued its large year-over-year declines while the Southeast, Southwest, and Northwest were up in the $4 to $5 range.

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Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

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