Rate-Highway, the first company to develop and make available online competitive rate gathering and comparison technology for the car rental industry, has begun offering its software directly to car rental companies. Never before has this technology, which can increase profitability and save companies time and money, been offered to major car rental companies at a one-time licensing fee.

“We pioneered the development of online rate gathering technology for the business user in 1999, and now Rate-Highway is offering it directly to the car rental industry in an unprecedented move to provide an easier, more cost-effective rate gathering solution,” said Michael Meyer, co-founder and president of Rate-Highway. “The top national rental agencies operate more than 1 million vehicles, and Hertz alone delivers approximately 30 million reservations annually. The ability for these companies to affectively monitor the competition and quickly adjust their pricing is invaluable.” Now there is an affordable solution - Rate-Highway's Rate-Monitor™

   
Rate-Highway’s Rate-Monitor software is the first online Global Distribution System (GDS) and Internet rate gathering and reporting product that will be sold directly to major car rental companies. The technology allows rental car companies to monitor competitor’s online rates across the Internet through a number of specific criteria such as date, time, location and car type. By using the software rather than manually searching each competitor’s Web site, companies can cut the rate gathering process from approximately 10 to 12 hours per report to 10 to 15 minutes, allowing more time for reviewing results and acting accordingly.

Forty-four percent of leisure travelers – up eight percent from a year ago – use the Internet to book car rentals, and 39 percent of business travelers – up nine percent from a year ago – reported checking online when booking rental cars, according to the J.D. Power and Associates 2003 Domestic Airport Rental Car Customer Satisfaction Studies issued June 2003.

Rate-Highway’s technology becomes increasingly important to major car rental companies as consumers continue to more frequently compare prices and book rentals online. The ability to quickly monitor and respond to changing prices within their industry can help to retain and grow a company’s customer base while maximizing their profit potential.

The Rate-Highway Privacy Policy

Under no circumstances will your information be shared with anyone outside your organization. Your search frequency, rates gathered, products searched, rate strategy, and all other proprietary information remains private at all times. We do not sell or otherwise make available any aspect of the rate strategy you employ or the way in which you have determined what is best for your organization. We understand that you are entrusting us with a very important and private part of your business.