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With travel booming in warm-weather destinations and a shortage of rental vehicles due to the pandemic, some travelers are facing rental prices of more than $300 a day – or up to $500 a day in certain high-demand areas.
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The tool, which gives pricing and demand data for worldwide locations, reveals the significant yield management opportunity due to lower fleet volumes, said Andrew Pascoe, CEO of MarginFuel.
Read More →The analytics application utilizes leading indicators to help car rental companies verify and rectify issues in their pricing strategy.
Read More →RateGain’s state of the travel industry report found that car rental volumes for the week of Dec. 7 to 13 reached 83% of 2019 levels. New York, SFO, New Orleans, and Las Vegas saw the biggest spikes.
Read More →The survey concluded that rental car rates across the country are significantly more affordable than last year, likely due to the COVID-19 pandemic.
Read More →RateGain analyzed rate data from airport locations in Europe, finding that advanced reservations for July are showing the first signs of recovery.
Read More →In the second Auto Rental News survey of independent and franchised operators in the U.S., 55% of respondents said revenue has decreased 75% to 100% since late February, while 56% reported a drop of volume of 75% to 100%.
Read More →The webinar will convene industry experts to discuss the current recovery of car rental in key global markets.
Read More →MarginFuel market data shows the average rates trending lower year over year through the first part of the calendar year.
Read More →Rates at New Zealand’s three major airports for the Christmas season are experiencing an average rate decrease of 1% compared to 2018, a strong season.
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