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.
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.
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.
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.
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.
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.
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.
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.
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.
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.