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Cendant ups corp. car rate.

Publication: Business Travel News
Publication Date: 15-AUG-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Cendant Car Rental Group--parent of the Avis and Budget brands--is in the process of notifying corporate customers of a 7 percent to 8 percent increase in corporate rental car rates. The move to raise coat, orate rates comes on the heels of a published rack rate hike and amid ongoing pricing pressure from auto manufacturers.

Cendant this month enacted published rate increases of $5 for daily and $20 for weekly Avis and Budget rentals, beginning Sept. 10. While the company at the time asserted that the published rate increases "do not directly impact our contracted rate," Chuck Fallon, the company's executive vice president of revenue generation, said, "we have to discuss the issue across the board."

"It's going to be 7 percent to 8 percent on corporate contracts," a Cendant Cat Rental Group spokesperson...

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