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AI can go further in defining rental pricing as an intelligent process that sets the right rates and right times. [VIDEO]
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A CEO who specializes in AI technology brings his global perspective and previews his upcoming session at the International Car Rental Show. [VIDEO]
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The new platform enables rental operators to convert website visitors into confirmed bookings 24/7 through intelligent, real-time interactions with live reservation systems.
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Comparing the 2019 baseline year to the pandemic exit years of 2021 and 2022, rates hit historical highs and then softened as supply slowly corrected.
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Under the new price plan, which begins next month, rates will now be determined by time, location, and day.
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While average rates lowered during the winter months, July rose as winter hit mid point, with three of New Zealand’s largest rental locations experiencing a 5% increase.
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Rate quotes have been up each week year over year since the June 2 survey — a continuous run of 27 weeks.
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AAA Travel projects that 50.9 million Americans will travel 50 miles or more away from home this Thanksgiving holiday weekend, an increase of 1.6 million travelers compared with last year. Car rental rates will hit a five-year holiday high at $70 per day.
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In October, the deseasonalized average at $54.41 and the $8.37 year-over-year increase are the highest rates since the one-month recall shortage spike in July 2014.
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In September, airport rates in the southeast region were up $10.06 over last year, though Southwest rates (Houston) were up only $1.18.
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