When budgeting for your trip, don’t assume that accommodation and airfare will be your biggest expenses. Now, more than ever, rental cars are becoming one of the biggest — and stubbornly high — aspects of people’s vacation budgets.
While airfare and lodging prices are certainly near all-time highs, rental cars are among the biggest price increases of all travel expenses. Comparing prices for July 2022 and July 2019 (the last normal summer pre-pandemic), hotel prices rose 7%, according to the latest set of consumer price index data released in August 2022. Air fares are up 16%. But rental cars are up 48%.
When did rental car prices get so high?
How to find affordable rental cars
How to save money on a road trip
Why travel planning should start with rental car prices