Car rental prices on the rise
In an effort to save money, rental agencies have slashed their
vehicle inventories. Hertz downsized by 15,000 cars last year, while
Avis and Budget trimmed 77,000 cars—or 19 percent of their combined
fleet. Fewer cars means less availability—and higher prices. Indeed,
even as hotel rates and airfares drop, rental-car prices have increased
by an average of 7 percent over the past 12 months, according to Geoff
Sundstrom, spokesperson for AAA.
T+L Tip: Prices
are expected to continue their rise, so consider becoming a member of a
loyalty program, especially if you rent more than five times a year.
Aside from some great perks—such as privileged discounts and upgrades,
and bypassing the check-in counter—many companies allow you to redeem
points for air travel and hotels.