New travel forecast for rental cars and hotel prices

Rossen Reports: New travel forecast for rental cars and hotel prices



there Yeah, let’s get right to the rundown first. New numbers show *** staggering amount of recalled vehicles are still on the road right now we’ve got the easy way you can check if your vehicle is unsafe. Then *** new travel forecast is out and this time we’re not just covering airfare but hotels and rental cars too. We’ve got the inside scoop on what the prices will be in the next few months and finally amazon expanding in the same day Avery, we’ve got the popular stores it’s starting with and how it all works. First, *** new study from Carfax says more than 50 million vehicles on the road today have known safety issues that need to be fixed. Which states have the most vehicles with the open recalls Florida. You got 3.1 million followed by Texas with 5.1 million in California ranking number one with 5.6 million recalled vehicles. The study says sedans and SUVs are most likely to have unfixed recalls but we get it. I mean these recalls happen every week and if they’re not big enough to make the news, it’s easy to miss it. So how can you double check if your vehicle has a *** recall or *** safety issue with it? I’m gonna show you right now do this on your phone with me. You ready, get the phone. Okay, here we go. It’s Nice. That’s NHTS *** dot gov slash recalls. That’s the National Highway traffic safety administration. Just type in your vin right there and it’s gonna tell you right here if your vehicle has an unrepaired and open recall on it, remember if your vehicle has *** recall or safety issue, it’s free to get it fixed. We’re gonna put this website on my website, which may be easier to remember because I say it so much Rawson reports dot com. Next up, let’s talk travel. We just told you last week about airfare. The average domestic price will drop this month to below $300 and stay there until October when they go back up for the holidays. But *** new report released by hopper is covering hotels and car rentals to hotel prices right now averaging one $85 *** night, which is down from the last couple of months. The report says, hotel prices should still come down this month, but we’re going to go back up in September and October averaging about $217 per night. They’re going to be unusually high this fall according to hopper compared to years past. As for car rental prices, we know they’ve gone up to this summer right now they’re averaging about $80 *** day for *** car. You can expect demand and prices for car rentals to remain high. They say through mid September and then flatten out for *** bit until November when they go back up again for the holidays. Finally, amazon is trying to compete with delivery apps and the big box retailers by opening up, same day, delivery for some popular stores. So outside of your house right now you have *** stack of packages this big, it’s gonna be like this big while you’re shopping retailers like Paxson, GNC and Diesel on amazon. It will now offer same day delivery on your cart as long as it’s $25 or more. When you submit your order details get sent to the store where employees will fulfill it, then amazon will pick it up with one of their delivery drivers and deliver it to you. Same day delivery is free for Prime Members costs about 10 bucks for non prime members. Amazon says this feature is only available in select cities right now, but it’s expanding fast and will be available in more places and for more stores soon, that’s all for today, back to you.

Ready for your late summer and early fall travel forecast? According to the travel website Hopper, we’re going to see some relief on everything, but not for long! AirfareDomestic airfare will drop to $286 round-trip in August. That cost is down 25% compared to the peak cost for summer airfare in May, when average fares exceeded $400. That airfare is going to remain below $300 through September before rising in October for the holidays. Why are prices dropping? Airfare was up due to higher jet fuel prices and higher demand. Hopper says, “Flight prices drop seasonally in late August through mid-October, as demand tapers off following the peak summer vacation months. However, the drop this year is larger than usual as a result of the abnormally high summer prices and an earlier peak in demand. This fall, demand seasonality and jet fuel prices are the primary drivers of airfare.” Hotels Hotel prices are averaging $185 per night and are expected to decrease in August before rising in September and October. Prices usually decline after summer, but rates are showing an increase for stays in September and October at an average of $217 per night. Prices will be unusually higher this fall compared to years prior. Hopper says rates for the fall are 28% higher than in 2019.Rental Cars Car rentals are currently averaging $80 per day. Prices will remain higher through the end of summer and into mid-September. The demand and prices for rental cars will flatten in the fall but will then increase again during November and December as holiday travel picks up. Click here to read more about the report.

Ready for your late summer and early fall travel forecast? According to the travel website Hopper, we’re going to see some relief on everything, but not for long!

Airfare

Domestic airfare will drop to $286 round-trip in August. That cost is down 25% compared to the peak cost for summer airfare in May, when average fares exceeded $400. That airfare is going to remain below $300 through September before rising in October for the holidays. Why are prices dropping? Airfare was up due to higher jet fuel prices and higher demand.

Hopper says, “Flight prices drop seasonally in late August through mid-October, as demand tapers off following the peak summer vacation months. However, the drop this year is larger than usual as a result of the abnormally high summer prices and an earlier peak in demand. This fall, demand seasonality and jet fuel prices are the primary drivers of airfare.”

Hotels

Hotel prices are averaging $185 per night and are expected to decrease in August before rising in September and October. Prices usually decline after summer, but rates are showing an increase for stays in September and October at an average of $217 per night. Prices will be unusually higher this fall compared to years prior. Hopper says rates for the fall are 28% higher than in 2019.

Rental Cars

Car rentals are currently averaging $80 per day. Prices will remain higher through the end of summer and into mid-September. The demand and prices for rental cars will flatten in the fall but will then increase again during November and December as holiday travel picks up.

Click here to read more about the report.

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