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According to Rate-Highway and The Tennant Group’s 50-City Survey, the average overall rates in February were down $2.69 from a year ago. The Northeast continues to have the strongest rates at $60.62.
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After Hertz’s announcement of raising rates, airport rental rates increased for two consecutive weeks and then went back down the rest of January. But overall, the rates in January were only down $2.42 compared to $5.79 in December, according to Rate-Highway and The Tennant Group's 50-City Survey.
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With the help of Jim Tennant of The Tennant Group and Michael Meyer of Rate-Highway, we took a look at recent rental car quotes at the Phoenix Sky Harbor Airport (PHX) to see what effect the Super Bowl crowds had on rates.
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Although airport rates continued to decline in December, Hertz Global Holdings’ recent announcement to increase U.S. retail prices for all Hertz, Dollar and Thrifty car rentals after Jan. 1 appears to have boosted rates this past week.
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For the Christmas period spanning Dec. 23 until Dec. 27, New York City had the highest daily rental car rates at $178, according to a survey from CheapCarRental.net. West Palm Beach followed in second with a daily rate of $133 for the cheapest available car.
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During the year-end holiday season, AAA projects 98.6 million Americans will journey 50 miles or more from home, the highest travel volume for this holiday period on record.
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In November’s 50-city survey, rate quotes for the top 50 airports were down $3.55, the largest one-month drop since the 50-city survey started in May 2013. The Northeast had the highest average quote at $48.45.
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In October’s 50-city survey, rate quotes for the top 50 airports were down 2.2% from a year ago, the fourth consecutive month with a drop from last year. Fort Myers’ Southwest Florida International Airport (RSW) had the highest average quote in October at $68.93.
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In September’s 50-city survey, rate quotes for the top 50 airports were down 0.6% from a year ago, the second consecutive month with a drop from last year. Washington D.C.’s Reagan National Airport had the highest average quote at $76.64.
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In August’s 50-city survey, rate quotes for the top 50 airports were down 4.7% from a year ago. The Northwest region had the highest rates, with Portland International Airport’s average quote at $75.52.
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