Budget Rent A Car Signs Preferred Alliance Agreement With HFS Incorporated
19 August 1997
Budget Rent A Car Signs Preferred Alliance Agreement With HFS Incorporated
Budget to Provide Truck Rental Services for CENTURY 21, Coldwell Banker
and ERA Customers, as well as HFS Mobility Services, Inc. Clients
LISLE, Ill., Aug. 19 -- Budget Truck Rental, a division of
Budget Rent a Car Corporation, which is a wholly owned subsidiary of Budget
Group, Inc. , announced today that it has entered into a four-year
preferred alliance agreement with HFS Incorporated, making Budget the
exclusive provider of truck rental services promoted to customers of Coldwell
Banker, ERA and CENTURY 21 real estate brands, as well as relocation customers
of HFS Mobility Services, Inc.
"Between our three real estate brands and our relocation company, we have
an extremely large consumer market for truck rentals," said HFS Executive Vice
President of Business Development John Chidsey. "Our moving and relocating
customers will truly appreciate the recommendation of quality truck rentals
from a well-known company at competitive prices."
Thomas B. Zorn, Vice President of Truck Operations for Budget said, "Our
relationship with HFS, along with other marketing and sales initiatives we are
implementing, will enable us to double the size of our truck rental and
leasing business over the next two to three years. We believe that HFS and
its affiliates have the ability to generate more consumer truck rental
business than any other organization in the world. This agreement is right in
line with our rapid growth strategy."
HFS Incorporated is a global provider of real estate and travel services.
Recently the company announced it will merge with marketing dynamo CUC
International Inc. to form the world's leading consumer and business services
company. The transaction is expected to close in the fall of 1997.
Budget Rent a Car is a worldwide provider of truck rental and leasing
services with a fleet of more than 20,000 trucks and vans.
SOURCE Budget Rent a Car