Travel company CEO says rental car demand up 500% since January

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With the start of the Memorial Day weekend, Americans have been traveling in the highest numbers since March 2020, leading to higher demand in transportation, including rental cars.

With the start of the Memorial Day weekend, Americans have been traveling in the highest numbers since March 2020, leading to higher demand for transportation, theDemand for rental cars is up 500% since January, according to a travel company CEO.

Rental car companies cut their inventory over the last year to make up for the lack of revenue following pandemic restrictions in 2020. Now, the demand, and subsequently the price, of rental cars have increased sharply. Homeland Security Secretary Alejandro Mayorkas warned travelers to expect long lines at airports, and on Friday he pleaded with Americans to show some patience.

The arrival of Memorial Day coincides with some states eliminating their remaining pandemic restrictions amid improving case, hospitalization and death numbers. The mask mandate in Massachusetts goes away Saturday, and Virginia is easing all distancing and capacity restrictions Friday.is traveling to Virginia to celebrate the unofficial start of summer and its accomplishments in battling the virus at a time when the state of more than 8 million people is averaging only 360 cases a day.

 

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