Car Rental Shortage Predicted for Holidays
When the pandemic and its subsequent lockdowns brought almost all travel to a halt, car rental companies sold off a lot of their stock to make up for the lack in demand. Now, they do not have enough cars to satisfy Americans’ desire for hitting the road in a car that is not their own. This shortage, along with price hikes, is predicted to continue into the holiday season.
KAYAK, using data from its car rental searches, has already found that holiday demand is up 230% compared with pre-pandemic levels, with the average cost per day increasing 75% from 2019. Read more.
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