Tourist destinations such as Florida, Texas, California, Arizona and Hawaii are all facing big increases in rental car costs.
Recently, as the number of vaccinations continues to increase, there has been positive growth in demand for both airline and car rental travel; however, many car rental companies are quite embarrassed because they reduced thousands of cars early in the epidemic to cut expenses, and now the industry does not have enough vehicles to meet demand, causing prices in the rental car market to skyrocket, with some even more expensive than airline tickets.
Few people have noticed the rising prices of rental cars, said Jonathan Weinberg, founder and CEO of car rental company AutoSlash: “Usually people book airline tickets and hotels first, both of which are ready before booking a rental car, so when they see such prices they have to accept it with a grain of salt. .”
Chris Fore, from California, had planned to take his family to Hawaii in July and use his credit card points to buy airline tickets to make the trip more affordable, but it all fell apart the moment he started booking a rental car.
I’ve always been good at traveling with the least amount of money, and now I just regret that I didn’t rent a car last November,” Faure said. According to the price of a five-passenger car at the time, a ten-day rental was $700, but now it costs $1,600, an increase of more than two times.
Experts point out that tourist destinations such as Florida, Texas, California, Arizona and Hawaii are facing the same problem, and there are many photos of people waiting in long lines for rental cars on social media.
Car rental companies reduced thousands of cars in the early days of the epidemic to cut expenses, but now the industry does not have enough vehicles to meet demand, causing prices to skyrocket in the rental market, some even more expensive than airline tickets.
Enterprise Holdings spokeswoman Lisa Martini (Lisa Martini) said: “The next few months the public demand for rental cars will continue to maintain, especially in tourist resorts; so I hope car manufacturers can make up for the market demand in a short time.”
However, Wolenka said, “I don’t think car rental companies have the ability to make up for peak demand during the summer tourist season.” This is because vehicle mobilization is very costly and time-consuming, plus cars are also facing a chip shortage.
In addition, not only tourist destinations, but also other places will be affected when entering the peak season, such as national parks; Weinberg said that people are then afraid that they will have to rent a car at a place far away from their destination for a long road trip.
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