Hotwire.com released the January 2013 Hotwire Travel Savings Indicator on Jan. 23. The report ranks 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.

Four of the five cities for car rental price drops are new to the list.

Rank

Car Rental
Market

Price
Drops

Avg. Hotwire
Car Rental Price

1 Monterey, CA -19% $24
2 Raleigh, NC -17% $19
3 Indianapolis, IN -12% $23
4 Colorado Springs, CO - 11% $28
5 Columbus, Ohio - 10% $23

Hotwire's car rental prices are average prices based on bookings across all car and seat classes — actual prices may be higher or lower than the examples provided.

See last month's Hotwire travel savings report here.

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