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The June 2015 average rate quote was down $4.85 from a year ago, according to The Tennant Group and Rate-Highway’s 50-City rate survey. Last year, a spike in recalls caused rates to increase from the third week of June and all of July, but they dropped by the last week of July.
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After Hertz Global Holdings announced a rate increase for its Hertz, Thrifty and Dollar brands in mid-May, airport rental rates increased slightly, according to The Tennant Group and Rate-Highway’s 50-City rate survey. But based on the June 5th survey, the rates have turned down again.
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After seeing a peak in July 2014, every month's rates since then have been down, according to The Tennant Group and Rate-Highway's 50-City rate survey. The average decrease from August 2014 to April 2015 was $2.92; April's $3.19 decrease was a continuation of this trend.
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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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The Tennant Group has announced that its fall 2014 round-table meeting will take place Oct. 19-21 at the Marriot Resort Frenchman’s Reef in St. Thomas, U.S. Virgin Islands.
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According to Rate-Highway’s monthly rate survey, the six-city average quote continued its strong performance through September — rates are up $10.42 over September 2012.
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According to Rate-Highway’s monthly rate survey, the six-city average quote continued its strong performance through August, now up over last year for nine of the last 10 months.
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According to Rate-Highway’s six-city survey, the six-city average quote continued its strong performance — now up over the previous year for eight of the last nine months.
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According to Rate-Highway’s six-city survey, the six-city average quote is up almost 35% compared to last June. Rates are expected to continue to be strong until the fall.
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Rate quotes in Rate-Highway’s six-city survey experienced the highest year-over-year increase since December, the second highest in survey history. Analysis of top 50 airports announced.
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