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.
There are five points to keep in mind when deciding what to measure and track, and a multitude of factors that go into acting on those metrics for higher yields.
The collaboration enables car rental agencies to optimize their fleet mix for both rental and sales.
A real-time, two-way integration between the two companies' systems will ensure the most accurate pricing is reflected to customers.
European-based car rental operator Carwiz announces that Rate-Highway and Fourth Tier are now preferred providers, while TSD Mobility Solutions is an approved provider for the U.S. affiliate program.
The RateMonitor Elite platform provides real-time market data and analytics to optimize rates.
Rate quotes have been up each week year over year since the June 2 survey — a continuous run of 27 weeks.
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.
In September, airport rates in the southeast region were up $10.06 over last year, though Southwest rates (Houston) were up only $1.18.
August airport rates were up $3.45 over last year. Hurricane Harvey’s devastation will have a major effect on the Texas vehicle rental industry, but it didn’t significantly affect rates in August.
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