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.