This new trend toward group travel is expected to continue even as gas prices drop
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Demand for charter buses surged earlier this year as gas prices continued on a long-running upward trend and travelers became increasingly frustrated with the cost of road trips. Though fuel costs are now heading back toward the lower end of the spectrum, reports are showing group travel habits do not appear to be following suit. In fact, analysts are predicting coach rental trends to head in the opposite direction during the years to come, a trend fueled by a number of factors.
Looking at the Cost Factor
Gas prices reached more than $2.75 in many parts of the country in recent weeks with some seeing even higher figures. Though these numbers fell well short of the highs of the early 2000s, many Americans feared a repeat of history was in the making. Much to the public’s relief, this did not happen. In fact, prices reversed their course and are on track to fall below $2 per gallon in some areas.
Some experts are pointing out the cost of a Charter Bus Rental may be lower than that of traveling by conventional vehicle even after factoring in falling gas prices. This is particularly true in cases of large groups bound for the same destination. Splitting the cost of a charter among numerous passengers may well aid in keeping expenses to a minimum as far as travel is concerned.
Understanding Why People Are Drawn to the Charter Bus Option
While cost was the primary driving factor behind the recent uptick in rental coach travel, the public seems to be drawn in for additional reasons as well. Traffic and the stress of driving could be considered a couple of the main reasons trekkers are gravitating toward mass transportation of this type. Hired drivers receive the brunt of the force while passengers are free to relax and enjoy the ride.
Environmental considerations are likewise at play in this development. When employing a Charter Bus Rental Houston, passengers use less fuel per person than they would if each was traveling separately in a standard vehicle. According to some reports, average charter buses can be four times more fuel efficient than traditional vehicles loaded to capacity. Some models receive even higher fuel efficiency ratings.
Safety is a leading motivation in this arena as well. Buses and other mass transit vehicles maintain a lower accident ratio than typical passenger vehicles. Certain authorities report this is due in large part to having professionally trained drivers. Those versed in transporting multiple passengers typically receive training in dealing with distractions from both inside the vehicle and outside as well as hazards on the road.
Looking Ahead
Expert opinions vary on the gas price outlook for the months to come. Some expect them to hold steady whereas others are forecasting a slow rise into 2020. Regardless, the number of people choosing to travel by charter bus is expected to grow consistently.
Bottom Line
Charter bus rentals have been popular for quite some time, but with so many travel alternatives now available, people had begun to veer away from this option. This year’s rise in gas prices turned the tables. How prices play out during the coming months may not negatively impact the charter industry. In fact, many authorities on the matter are predicting quite the opposite effect. As travel plans are set for the coming holiday season, charter rental companies are gearing up for the pending increase in demand.
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Organization: Sam's Limousine & Transportation, Inc.
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Source URL: https://marketersmedia.com/gas-prices-spark-increased-demand-in-charter-bus-rental-sector/88914336
Source: MarketersMEDIA
Release ID: 88914336
