Rate quotes have been up each week year over year since the June 2 survey — a continuous run of 27 weeks.
A newfound austerity in fleeting is producing a domino effect of benefits for 2018.
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.
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.
New Zealand-based GO Rentals has researched Uber prices, taxi prices, and worldwide rental car rates to come up with the answer, depending on where you are in the world.
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.
The Norwegian cities of Oslo and Trondheim and Reykjavik, Iceland, ranked as the most expensive cities to rent cars in Europe, according to a survey by CheapCarRental.net.
Perfect Price, the artificial intelligence company for pricing, has announced four rent-a-car pilots and a goal of 10 active pilots globally by the end of September. Additionally, Michael Kane has been named to the company’s advisory board.
July was the second month of strong year-over-year rates, up $6.48 from a year ago. The Northeast region had the highest rates with an increase of $15.17.