The price of gasoline in Ecuador is considered to be relatively cheap compared to what drivers pay elsewhere, at around USD1.85 a gallon.
While it is customary that gift exchanges, dinners in restaurants and shipping of packages abroad boost the economy during Christmas season in Ecuador, a new economy-boosting phenomenon seen in recent years is related to migration, and that is the rental of vehicles. The car rental business grows by approximately 35% during this time, and the main factor for this is the temporary return of Ecuadorians that work in foreign countries and return during the holidays to visit family members.
Growth of car rental is limited in the country due to the fact that international travellers usually come to Ecuador with pre-bought Galápagos packages, where transportation is taken care of. In cities like Quito, where travellers going to the Galápagos usually spend a night, taxis are very popular and accessible.
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Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Ecuador with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.