February 13, 2017

Avis Budget Group and Travelport Extend Relationship

PARSIPPANY, N.J. and ATLANTA, Feb. 13, 2017 (GLOBE NEWSWIRE) -- 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 Group
Avis 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 Travelport
Travelport 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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