After years of flat or negative growth, rental car rates should rise slightly in 2018 as a result of a strengthening global economy, improved fleet controls and increased cost pressures, according to the newly released Global Business Travel Forecast.
The good news is, intense competition between rental car companies will temper potential rate increases in some countries.
In the absence of significant rate increases, car rental companies are once again turning to ancillary services and fees to drive greater profitability. Ride-sharing also will continue to play a huge role in the overall ground transportation ecosystem and has emerged as an important component of many corporate travel programs.
To find out more about what trends may impact your ground program and what we are predicting on a regional level, download the full report from American Express Global Business Travel by filling out the form below.
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