10 November 2008 – The car hire market has been hit by the economic instability and swelling fuel prices, as per the report presented by car hire comparator Carrentals.co.uk. The company states that there has been a 10% increase in the demand for fuel efficient cars that allow travellers to save their money.
The ‘mini’ and ‘economy’ group of cars total up to more than 50% the company’s bookings in 2008, a great leap from 40% in 2007.
Today’s consumers are increasingly opting for cost effective measures to run their daily lives. Everyone loves to holiday and hates to over spend – considering this constricted financial state, fuel efficient cars are definitely in terrific demand.
Keeping in mind the high fuel costs, consumers are becoming aware of the advantages of travelling to near by destinations such as Heathrow Airport, Alicante, Faro and Malaga. These destinations have also made it to the top 20 favoured rental destinations in 2008.
Cutting down on unnecessary expenditure has definitely become high priority for consumers hit by the financial setback of 2008. Reaffirming this belief, managing director of Carrentals.co.uk spoke about the economic difficulties of the year and added that consumers are definitely opting for a cost effective lifestyle that also includes holidaying in nearby, affordable destinations.
Travellers eager to travel on a cheap budget also make sure that their insurance is in place as it ensures them of a sound financial backup in case of any accidents in foreign holiday destinations. More than 45% of these travels book some kind of Collision Damage Waiver Insurance.
The company’s report also states that travellers are into booking requests for extra services such as airport parking as well as lounge and hotel booking, indicating a 20% increase in the value extra sector.
According to Robinson: post the financial crisis travellers have become intelligent consumers who are constantly looking out for the most favourable deal. Travellers no longer face the dilemma of choosing between luxury and economy; it is definitely economical spending all the way. The managing director also spoke about their website’s persistent efforts to maintain high quality and superior service to provide the most satisfying car hire rates.
A well recognized price comparison site, www.carrentals.co.uk has been comparing up to 50 companies that include Expedia, Holiday Autos as well as its own rates. The company has also been voted as the Best Car Hire Website in the Travolution Awards, 2008.
For additional details log in to www.carrentals.co.uk
About Carrentals.co.uk
Carrentals.co.uk was launched in February 2003 and grew to become one of the UK’s leading online car hire companies by 2006.
In 2007 the company re-launched its site to create the first major online price comparator in the travel industry. Using the latest technology the Carrentals.co.uk site now searches up to 50 different car hire websites, providing an impartial comparison of the best prices available in over 9,000 locations.
Websites searched include Budget, Thrifty, Sixt, Holiday Autos, Opodo, EBookers, Carrentals.co.uk and EasyCar, with the Carrentals.co.uk site quickly comparing prices and allowing customers to refine their search by car type.
The Carrentals.co.uk site also features over 6,000 links to useful tourist information sites, plus over 2,700 pages of travel information in a mini-guide format.
In 2008 Carrentals.co.uk was voted Best Car Hire Website in the Travolution Awards. To book or for further information visit www.carrentals.co.uk
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