Tagged The Tennant Group

Southeast Airport Rates Up Due to Hurricanes

In September, airport rates in the southeast region were up $10.06 over last year, though Southwest rates (Houston) were up only $1.18.

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Airport Rates Continue Upward Trend in August

August airport rates were up $3.45 over last year. Hurricane Harvey’s devastation will have a major effect on the Texas vehicle rental industry, but it didn’t significantly affect rates in August.

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Tennant Group Announces Fall Roundtable Meeting

The Tennant Group has announced that its fall 2017 roundtable meeting will take place Sunday Oct. 1 to Tuesday Oct. 3 at the Highland Hotel in Dallas.

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July Airport Rates Continue to Build Momentum

July was the second month of strong year-over-year rates, up $6.48 from a year ago. The Northeast region had the highest rates with an increase of $15.17.

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June Airport Rates Up After Several Month Slump

After six straight months of negative comparisons, June airport rates were up $6.37 over last year.

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Rate-Highway, The Tennant Group Offer Weekly Rental Rate Service

The most recent brand, nationwide, regional, and top 50 airport rental rate survey results will now be provided to subscribers every week for a moderate fee.

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Airport Rates Fall for Sixth Consecutive Months

In May, the rate quotes were down $1.44 — the sixth month in a row that rates have been down. The Northeast and Midwest regions were up $8.39 and $6.16, respectively. Boston had the highest average rate quote of $94.13.

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April Airport Rates Continue Downward

April 2017 rate quotes were down again, continuing a pattern of year-over-year losses in six of the last seven months. The Northeast region had the highest rate at $57.27 — $19.55 higher than the lowest Southwest average of $38.72.

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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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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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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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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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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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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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