Q4 2016 car rental rates forecasted to be 14% lower than 2015

Q4 2016 car rental rates forecasted to be 14% lower than 2015

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PORTLAND, MAINE – Auto Europe, a leading provider of international car rental services, released a forecast of European travel trends for the remainder of 2016 and first half of 2017. The study highlights a comparison of rental rates for Q4 that shows rates in the top 3 most popular pickup countries will be on average over 14% lower this year compared to Q4 2015 based on advanced bookings. According to the study, travelers are taking advantage of reduced rental rates by choosing to extend their itineraries by an average of a half of a day. The forecast also includes an early-bird forecast of the most popular destinations for the first half of 2017.

Also featured in the study is a comparison of rental rates for the past quarter. Travelers in Q3 experienced a significant savings in rental rates compared to Q3 2015, with rates an average of 6% lower in the 5 most popular pickup countries. The Q3 results reveal that Dublin continues to dominate the list of top 10 European pickup cities for U.S. residents, beating the 2nd ranked city by a large margin. Noticeably missing from the list of Top 10 European Pickup Cities for U.S. & Canadian residents is Nice, which saw a dramatic drop in popularity likely attributed to the July attacks.

“We are strong believers that there is no better way to see the real Europe than by car,” said Scott Braun, Chief Marketing Officer at Auto Europe. “Now it is becoming clear over time that renting a car in Europe is also getting more & more affordable and now also has that advantage versus other available options. It seems there has never been a better time to rent a car in Europe.”

 

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