Avis Budget Group Looks to Lift Bookings With New Ski Resorts Partnership

Avis Budget Group Looks to Lift Bookings With New Ski Resorts Partnership

Intrawest Names Avis and Budget "Official Rental Car" of Each of Its
Properties

PARSIPPANY, N.J., Nov. 8, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. 
(Nasdaq:CAR)  and Intrawest, a leading developer and operator of mountain
resorts across North America, have entered into a multi-year partnership
agreement. As part of the new agreement, Avis Car Rental and Budget Car Rental
will be designated as the "official rental car" of each of Intrawest's
properties, including Mont Tremblant Ski Resort, Steamboat Ski & Resort,
Winter Park Resort, Snowshoe Mountain, Stratton Mountain, Canadian Mountain
Holidays, the largest heli-skiing operation in the world, and Club Intrawest,
the Company's private resort club.

"We are excited to strategically align ourselves with Intrawest's world-class
properties across North America," said Stephen Wright, vice president of
global travel and partnerships, Avis Budget Group. "Much like Avis Budget
Group, Intrawest is committed to consistently delivering exceptional
experiences to its customers. This new partnership will give us the
opportunity to market our brands to their valuable customer-base and as a
result, help us drive profitable growth to travelers from around the world."

The Avis Budget Group and Intrawest partnership will provide Intrawest's
guests with discounts on Avis and Budget rentals around the globe. The car
rental brands will be featured on signage at each of Intrawest's properties
throughout North America and logo placement will be included on Intrawest's
official website and each of the properties' websites. In addition, Avis
Budget Group will include Intrawest in its call transfer program thereby
offering interested customers the opportunity to make a reservation at
Intrawest's family of ski resorts.

"We are proud to partner with Avis Budget Group to provide our guests with
exceptional service and a convenient way to escape to some of the best resorts
in the world," said Ian Arthur, chief marketing officer, Intrawest. "This
partnership leverages our common goals and values, opening up a multitude of
opportunities for both companies."

About Intrawest

Intrawest is an industry leader in the development and management of
experiential destination resorts. The Company has a network of resorts at
North America's most popular mountain destinations including Mont Tremblant
Ski Resort, Steamboat Ski & Resort, Winter Park Resort, Snowshoe Mountain and
Stratton Mountain. The Intrawest network also includes Canadian Mountain
Holidays, the largest heli-skiing operation in the world, and Club Intrawest,
a private resort club with exclusive locations across North America. In
addition, Intrawest markets and sells real estate at its resorts in North
America. Intrawest is headquartered in Denver, Colo.

About Avis Budget Group

Avis Budget Group, Inc. is a leading global provider of vehicle rental
services through its Avis and Budget brands, with 10,000 rental locations in
approximately 175 countries around the world. Avis Budget Group operates most
of its car rental offices in North America, Europe and Australia directly, and
operates primarily through licensees in other parts of the world. Avis Budget
Group has approximately 29,000 employees and is headquartered in Parsippany,
N.J. For more information, visit www.avisbudgetgroup.com.

The Avis Budget Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8891

CONTACT: Alice Pereira
         (973) 496-6113
         PR@avisbudget.com

Avis Budget Group, Inc. Logo
 
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