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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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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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After six straight months of negative comparisons, June airport rates were up $6.37 over last year.
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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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The comprehensive pricing solution combines Rate-Highway’s rate automation technology and the artificial intelligence capabilities that Perfect Price brings to the industry.
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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 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 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’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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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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