THE NEWS:
American Express Global Business Travel (Amex GBT) forecasts car‑rental rates in Canada and the United States to increase between 1.5% and 2% during 2026‑27, while overall global rental prices are expected to stay relatively stable with only moderate gains.
DETAILS:
FAQ
What is American Express Global Business Travel forecasting for car‑rental price changes in Canada and the United States for 2026‑27?
American Express Global Business Travel expects rental rates in Canada and the United States to rise between 1.5% and 2% in the 2026‑27 period, according to its latest Ground Monitor forecast. These modest hikes are part of its overall outlook for relatively stable global car‑rental prices.
What factors does Amex GBT cite as keeping rental‑rate increases modest in North America?
Amex GBT attributes the modest rental‑rate growth to restrained gross domestic product growth and an improved supply of vehicles, which together limit upward pressure on prices despite rising auto‑insurance costs that could offset some of the easing pressures in the North American market.
What trend is Amex GBT reporting regarding city surcharges on car rentals in North America?
The company reports significant growth in both the number and the monetary value of city surcharges across North America, such as airport fees and day‑of‑week charges, which were previously limited to a handful of cities but are now becoming more widespread.
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