Car rental cos. raise rates
Monday, 20 Jul, 2005
0
Most major car rental companies have raised their rates in the past few weeks between 5-10% for most markets, after many years of no increase.
As higher costs for purchase of the vehicles hit the car rental companies, possible further increases may be in store.
Hertz increased published rates by approximately 5 percent. Cendant’s Avis and Budget increased daily rates by $5 and weekly rates by $20. Dollar Rent A Car and Thrifty Car Rental raised rates between 5 percent and 10 percent, varying by market.
Auto manufacturers, including Ford Motor Co., owner of Hertz, have been reducing discounts to car rental companies, thereby causing the increasing costs for their rental fleets, which represent 40-50% of car rental companies’ expenses.
Charles Kao
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments