Hints and tips:
...Car rental group Avis Budget benefited from news of a narrowing in its fourth-quarter loss thanks to higher sales in North America as business and leisure travel returns after recovering from the recession...
...Spin-offs are planned for Realogy, the real estate arm, in June; for hotels division Wyndham this summer; and for the Avis-Budget car rental unit....
...Cendant owns a host of travel brands such as online operators Orbitz and Ebookers, as well as a vast hotels and timeshare business, a car rental division that includes Avis and Budget, and a large real estate...
...In mid-2006, the tax-free plan would spin off to Cendant’s shareholders 100 per cent of the equity in the four companies, whose brands include Century 21 real estate, Days Inn, Avis and Budget rental cars...
...Cendant owns the Avis and Budget car rental chains, hotel brands such as Days Inn and Ramada, which it franchises, and Galileo, a global distribution system (GDS) for the travel industry....
International Edition