Avis Budget Group, Inc. provides vehicle rental and car sharing services under three brands, such as Avis, Budget, and Zipcar. The company is a vehicle rental operator in North America, Europe, Australia, New Zealand, and certain other regions that it serves. The company and its licensees operate the Avis and Budget brands in approximately 180 countries worldwide. The company operates a truck rental business in the United States. It has investments in certain of its Avis and Budget licensees outside of the United States, including licensees in India and China. On average, the company’s rental fleet totaled approximately 580,000 vehicles and it completed approximately 38 million vehicle rental transactions worldwide in 2015.Its brands have an extended global reach with approximately 11,000 car and truck rental locations throughout the world, including approximately 5,000 car rental locations operated by its licensees. Segments The company’s segments include North America and International. Americas: This segment provides and licenses the company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates the company’s car sharing business in certain of these markets. International: This segment provides and licenses the company’s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, Australia and New Zealand, and operates the company’s car sharing business in certain of these markets. Strategy The company’s strategy is to strategically accelerate growth; strengthen its global position; and improve customers’ rental experience. Brands and Operations Brands The company’s Avis, Budget, and Zipcar brands are three of the primary brands in its industry. The company also operates the Apex and Payless brands, which operate in the deep-value segment of the car rental industry and augment its Avis, Budget, and Zipcar brands. Avis The company operates or licenses the Avis car rental system, a car rental system worldwide, comprised approximately 5,550 locations worldwide, including in all of the primary commercial airports and cities in the world. The company operates approximately 2,700 Avis car rental locations worldwide, in both the on-airport and off-airport, or local, rental markets. In addition, the company licenses the Avis brand to other independent commercial owners in approximately 2,850 locations worldwide. The company offers Avis customers various premium services, including Avis Preferred, a frequent renter rewards program that offers counter bypass at major airport locations and reward points for every dollar spent on vehicle rentals and related products; Avis Preferred Select & Go, a service that allows customers at certain locations to select an alternate vehicle or upgrade their vehicle choice without visiting the rental counter; Avis Signature Series, a selection of luxury vehicles including BMWs, Corvettes, Mercedes and Maseratis; rental of portable GPS navigation units, tablets and in-dash satellite radio service; availability of premium, sport and performance vehicles as well as eco-friendly vehicles, including gasoline/electric hybrids; roadside assistance; e-receipts; a 100% smoke-free car rental fleet in North America; electronic toll collection services that allow customers to pay highway tolls without waiting in toll booth lines; amenities, such as Avis Access, a full range of special products and services for drivers and passengers with disabilities; Avis Interactive, a proprietary management tool that allows corporate clients to view and analyze their rental activity via the Internet, permitting these clients to manage their travel budgets and monitor employee compliance with applicable travel policies; and supporting online interactions with its customers through various mobile platforms, including an application for the Apple Watch and an updated Android application featuring voice-activated reservations. Budget Budget is a major rental car supplier focused primarily on value-conscious seg
avis budget group inc
(CAR:Consolidated Issue Listed on NASDAQ Global Select )
6 Sylvan Way
Parsippany, NJ 07054
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