Rental Agencies at Vegas Airport Can't Get a Break in Rent
Concession operators ask for rent reduction in the wake of slumping passenger counts.
Airport management at Las Vegas’ McCarran International Airport has granted just a few rent reduction requests from concession operators who have been requesting the rent reductions in the wake of slumping passenger counts, according to the Las Vegas Business Press. Airport management turned down rent breaks for car rental companies.
The airport’s aviation commissioner Randall Walker says the purpose of the minimum annual guarantee (rent)—which is either fixed or floats according to the previous year's sales—is to protect the airport in the down times. Several other airports take a similar stance, relying on a share of concessions and other fees to pay off bond debt and cover operating expenses. Walker conceded that among the airport’s 10 rental car companies, “We will let the marketplace decide what needs to be done.” As a result, he added, some rental care companies may pull out of the airport.
The largest rent break was granted to a casino developer who owns about 1,500 slot machines scattered through concourses. Since he owns the machines, said aviation director Randall Walker, his departure if the losses grew too large would leave the airport without any gaming operations for at least six months and would also hurt a plan to install slots at the rental car center this summer.
Jonathan Briggs, city manager for Las Vegas-based SavMor Rent-a-Car, said studies have shown McCarran among the top five airports in rent and fees imposed on the industry. He said he will keep trying to get rent reduced, but he admitted he didn’t expect airport management to give any rent breaks.
More Rental Operations

Brazilian Executive MBA Targets Growing Domestic Rental Car Industry
Rental car companies face a unique combination of challenges that are rarely addressed in traditional programs.
Read More →
Green Motion Expands Into Japan With Master Franchise Agreement
Japan's tourism industry, business travel market, and demand for vehicle rental services are reasons the country represents an important market for the company.
Read More →
ACRA Carrying Fuller Industry Load As AI and EVs Lurk In Future
The leading car rental professional business group details an active legislative, regulatory, and macro-trends agenda affecting car rental operators.
Read More →
World Cup Travel Data Shows Longer Car Rentals and More One-Ways
A recent analysis of FIFA bookings found varied demand patterns that influenced rental car pricing.
Read More →
A Leveling Force: AI Morphs Into A Rental Car Profit-Seeker
Revenue managers can’t match the emerging AI tools gobbling lots of data that could counter the competitive race to the rate bottom.
Read More →Stop Losing Money On Rental Tolls
Regardless of your rental fleet size and structure, fleet managers, executives, and owners can gain valuable insights into an often-overlooked area of fleet operations.
Read More →
Rethink The Future To Avert A Race To The Bottom
Rental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
Read More →
DriveItAway, Free2move Plan Shared Fleet Program for Independent Rental Fleet Operators
Vehicles would be placed with participating rental operations to support car renter demand and provide additional fleet capacity.
Read More →
Stellantis Recalls 1.3 Million Jeep Vehicles Worldwide Over Fire Risk
Stellantis is recalling more than 1.3 million Jeep Wrangler and Gladiator models worldwide over a fire risk linked to power steering pump wiring.
Read More →
Green Motion And U-Save Open Rental Operations In Guatemala
The brands will open their first rental car outlets in the country at La Aurora International Airport in Guatemala City.
Read More →
