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At $111 per day, Portland, Ore., has been named the most expensive U.S. city for rental car rates this summer, according to a survey by CheapCarRental.net.
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In July’s 50-city survey, rate quotes for the top 50 U.S. airports were up $14.29 from $0.14 in June. All five regions were up substantially, but there were large differences in regional rates.
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As a small fleet, how much can your company pay for a vehicle and still profit in a rate-competitive environment? Here are some tips to help work toward a holding cost that is 40% of revenue.
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In our inaugural 50-city survey, rate quotes for the top 50 U.S. airports remained flat in a year-over-year comparison. However, there were large differences in regional rates.
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May rate quotes for the six cities dropped for only the second time in the last 19 months, according to Rate-Highway’s monthly rate survey. In May, the rates were down $4.70 from a year ago. Additionally, next month’s survey will also feature a 50-city rate survey.
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During the upcoming Memorial Day holiday weekend, approximately 36.1 million Americans will journey 50 miles or more from home, a 1.5% increase from the 35.5 million who traveled last year, according to the “AAA Memorial Day Travel Forecast.”
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After looking at 50 popular U.S. destinations from June 2013 to May 2014, New York City displayed the highest rental rates for the cheapest available rental car, according to Cheap Car Rental’s survey.
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April rate quotes for the six cities continued to be strong, according to Rate-Highway's monthly rate survey. In April, the rates were up $9.71 from a year ago.
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After a strong January and an almost flat February and early March, the rate quotes jumped dramatically in the last two weeks of March, according to Rate-Highway's monthly rate survey. In March, the rates increased $8.64 from a year ago.
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The string of year-over-year rate increases continues, but at a more moderate rate, according to Rate-Highway's monthly rate survey. In February, the rates increased to only $1.44 higher than a year ago.
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