VEHICLE SERVICES, $3.1 billion sales*
Avis rental-car business is under pressure as companies curtail travel. Cendant (CD) also owns PHH Arval, a fleet-leasing operation.
HOSPITALITY, $1.8 billion sales
Travel-related industries are suffering. Cendant franchises hotel chains such as Ramada and Days Inn. It recently bought global reservation system Galileo International and is buying online travel agency Cheap Tickets.
* All sales estimates are for 2001.
Data: Jolson Merchant Partners