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Compared to May of last year, car rental rates in the U.S. dropped by almost $2 on average in the six major cities included in the survey. Rates last month were also down compared to April 2012.
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Travelers can rent a car for an average of $30 or less in each of the top five cities that saw the largest decreases in rates for May 2012 compared to the same time last year, according to the Hotwire report.
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Average rate quotes at six major locations in April increased in the second and third weeks but fell back below $40 in the fourth week.
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There is a very large difference in car rental rates between cities, with rates in Paris (CDG) almost twice those in Dublin (DUB) and London (LHR) over the nine-month period.
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A look at individual cities shows that Miami accounted for virtually all the fluctuation.
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Rates climbed steadily through January, reaching $47.76 on Jan. 27. February rates remained at January levels, finishing the month with an average of $45.36.
Read More →A CheapCarRental.net survey found Milwaukee, Wisc. Car Rental Rates to be the lowest in the nation.
Read More →In combination with a growth in car rental transactions, flexibility in a customer facility charge and other factors, Fitch Ratings affirmed an ‘A-’ for Houston Intercontinental Airport’s consolidated rental car facility (conrac) bonds and a 'BBB+' for Hartsfield-Jackson Atlanta International Airport's conrac bonds.
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Auto rental rates in all six airports in our rate survey trended upward from late December through January, from a 22% increase at LAX to a 107% increase at MIA.
Read More →Car rental broker Rhinocarehire.com, an online booking site, expects the demand for car rental in Dubai to increase in 2012, following last year’s booking trends.
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