Amex GBT reports car rental rates rising 1.5-2%

THE NEWS: Car rental rates will increase by 1.5‑2% annually, according to the Ground Monitor 2026‑2027 Report from American Express Global Business Travel, driven by restrained GDP growth and improved supply in the United States and Canada.

DETAILS:

Amex GBT reports a significant rise in the number and value of North American city surcharges—such as day‑of‑week and airport fees—that were once limited to a handful of key cities but are now becoming more common.

These expanding city surcharges are expected to push up the overall cost of hiring rental cars for corporate travel.

The report advises travel managers to spread spend across several providers, a tactic that proved useful when the industry faced car shortages in previous years.

WHY IT MATTERS:

The combined effect of higher base rates and growing city surcharges will lift corporate travel budgets, forcing travel managers to rethink sourcing and cost‑containment strategies.

FAQ

How much are car rental rates expected to rise each year?
The Ground Monitor 2026‑2027 Report from American Express Global Business Travel forecasts an annual increase of 1.5‑2% in car rental rates, reflecting broader economic pressures and supply dynamics in North America.

What are the main drivers behind the projected rental‑rate increase?
The report attributes the hike to restrained gross domestic product growth and improved supply of rental vehicles in both the United States and Canada, which together narrow margins and push rates upward.

What trend is emerging with city surcharges in North America?
Amex GBT has observed a notable growth in the number and value of city surcharges—such as day‑of‑week and airport fees—that were previously confined to a few major cities but are now spreading more widely, adding to overall hiring costs.

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Tags: amex-gbt