Avis Budget Group and Travelport Extend Relationship
February 13 2017 - 10:00AM
Avis Budget Group, Inc. (NASDAQ:CAR), a leading provider of vehicle
rental services, and Travelport (NYSE:TVPT), a leading Travel
Commerce Platform providing distribution, technology, payment and
other solutions for the global travel industry, today announced the
signing of a new, multi-year partnership agreement.
Through the agreement, Avis Budget Group will have continued
access to Travelport’s Travel Commerce Platform enabling the
Company to continue to showcase its available vehicle inventory and
suite of ancillary products and services for its portfolio of
brands, including Avis Car Rental, Budget Car Rental, Payless Car
Rental, Apex Car Rentals and Maggiore. Travel agencies, including
those online, travel management companies and corporate customers
will continue to be able to reserve a rental vehicle easily and
conveniently.
“We’re pleased to extend our relationship with Travelport,” said
Scott Deaver, executive vice president and chief marketing officer,
Avis Budget Group. “Showcasing our products and services on their
Travel Commerce Platform gives travelers more choice and
flexibility when booking car rental and provides a great
opportunity for us to accelerate growth.”
“With Travelport’s industry-leading technology and services,
Avis Budget Group will be able to deliver rates and availability in
a visually rich and cohesive way to connect with travel agents
worldwide,” said Niklas Andreen, senior vice president and managing
director, hospitality, Travelport. About Avis Budget
GroupAvis Budget Group, Inc. is a leading global provider
of vehicle rental services, both through its Avis and Budget
brands, which have more than 10,000 rental locations in
approximately 180 countries around the world, and through its
Zipcar brand, which is the world’s leading car sharing network,
with more than one million members. 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 30,000 employees
and is headquartered in Parsippany, N.J. More information is
available at www.avisbudgetgroup.com.
About TravelportTravelport is a Travel Commerce
Platform providing distribution, technology, payment, mobile and
other solutions for the global travel and tourism
industry. With a presence in over 180 countries, approximately
3,700 employees, Travelport’s 2015 net revenue was over $2.2
billion.
Travelport is comprised of:
- A Travel Commerce Platform through which it facilitates travel
commerce by connecting the world’s leading travel providers with
online and offline travel buyers in a proprietary business to
business (B2B) travel marketplace. Travelport has a leadership
position in airline merchandising, hotel content and rate
distribution, mobile travel commerce and a pioneering B2B payment
solution that addresses the needs of travel intermediaries to
efficiently and securely settle travel transactions.
- Technology Services through which it provides critical IT
services to airlines, such as shopping, ticketing, departure
control and other solutions, enabling them to focus on their core
business competencies and reduce costs.
Travelport is headquartered in Langley, UK. The company is
listed on the New York Stock Exchange and trades under the symbol
“TVPT”.
Contacts
Alice Pereira
Avis Budget Group
(973) 496-3916
PR@avisbudget.com
Bill Florence
Senior Manager, Corporate Communications, Americas, Travelport
(770) 563-5901
bill.florence@travelport.com
Kate Aldridge
Vice President, Corporate Communications, Travelport
44 (0)1753 288 720
kate.aldridge@travelport.com
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