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[18] [19] In keeping with HFS's strategy of being primarily a franchisor, it kept ownership of the Avis brand name and reservations system, while selling off the operations of Avis's corporate-owned locations as a new company, Avis Rent a Car, Inc. [20] [21] HFS also bought Resort Condominiums International, a timeshare exchange service, for up ...
In 2011, Avis Budget Group acquired Avis Europe, an independently owned company licensee, globally reuniting the Avis and Budget brands. [10] On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [11] On March 14, 2013, Avis Budget Group purchased carsharing company Zipcar for about US$500 million in cash. [12] [13]
The company was founded in 1946 with three cars at Willow Run Airport, [10] Ypsilanti, Michigan, by Warren Avis (August 4, 1915 – April 24, 2007). [8] It established branch operations across the United States over the next few years, becoming the second largest car rental company in the country by 1953.
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In September 2016, the company acquired WAYN, a social travel network, for £1 million. [9] [10] In November 2017, it acquired Hotelscan.com, a hotel metasearch engine. [11] In December 2017, the company acquired German Comvel GmbH, founded 2004 in Munich, which operates weg.de. [12] In April 2019, the company created Forward, a media company. [13]
TravelPerk is a travel-management company that provides companies with a variety of travel- and expense-management services. The company is headquartered in Barcelona, [1] with business hubs in London, Birmingham, [2] Edinburgh, [3] Berlin, Chicago, Boston, and Miami.
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