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Home > Company Index > Diversified Services > Car & Truck Rental & Leasing > Avis Group Holdings, Inc.
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Avis Group Holdings, Inc. |
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NEWS FROM THE STANDARD |
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Cendant to Buy Travel Reservations Company
Jun 18 2001 10:48 AM PDT
Cendant in Talks to Acquire Galileo
Jun 07 2001 10:54 AM PDT
PROFILE |
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You can't accuse Avis Group Holdings (formerly Avis Rent A Car) of not having drive. It is the nation's largest franchisee of the Avis car rental system, maintaining some 220,000 vehicles at more than 1,650 locations, mainly in North America. Although most of its sales come from business travelers, it is upping efforts to attract leisure travelers and even consumers who stay home, but need supplementary transportation. Cendant, the #1 hotel and real estate franchisor, acquired Avis Group in its entirety (it previously held 18%) in 2001 and now owns about 4,400 Avis locations worldwide. CEO A. Barry Rand resigned upon completion of the deal.
COMPETITION |
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ANC Rental Corporation (ANCX)
Budget Group, Inc. (BD)
The Hertz Corporation (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 4,244.00
1-Yr. Sales Growth: 27.3%
Employees: 28,000
Revenue per employee: $151,571.43
KEY PEOPLE |
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Kevin M. Sheehan
CEO
Kevin M. Sheehan
CFO
CONTACT INFO |
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900 Old Country Rd.
Garden City, NY 11530
US
Phone: 516-222-3000
Fax: 516-222-6677
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
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