Prices for car hire will remain competitive in 2012, with costs set to increase for long-haul destinations, Holiday Autos has said. The car hire supplier has said it expects prices for popular European destinations to remain the same while demand is up and it encouraged early bookings to secure the best price.
The predictions come as part of the Holiday Autos Car Hire Price Index, which found that increased competition between suppliers drove down the average hire price for a week by £188 compared to 2010 costs. Prices dropped the most in Gibraltar (-44%), Madrid (35%), California (25%), Northern Ireland (18%) and Malaga (20%).
"We introduced our Holiday Autos Car Hire Price Index earlier this year and revealed that car hire prices fell for the first time in four years. Our latest report reveals that this trend is still continuing with many destinations proving great value for money,” said Isabelle Ratinaud, managing director of Holiday Autos. "With 2012 on the horizon, we expect to see prices in popular European destinations to remain competitive while more long haul destinations such as New Zealand, South Africa and Hawaii will see increases in pricing”.
Switzerland continues to be one of the most expensive destinations for car hire (and holidays generally), although New Zealand’s Christchurch, Wellington and Hobart airports were also listed as some of the most expensive. Nice, Barbados, Frankfurt and Bordeaux were also in the top 10 expensive list.
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