Budget Iceland is Licensee of the Year for Europe, the Middle East and Africa
November 30 2016 - 10:00AM
Budget Cyprus Also Recognized for Outstanding Achievement
PARSIPPANY, N.J., 2016-11-30 (GLOBE NEWSWIRE)
-- Budget Car Rental has named Budget Iceland as "Licensee of
the Year" at the 2016 Budget Car Rental Licensee Awards for Europe,
the Middle East and Africa (EMEA). Budget Iceland, who also won the
Award in 2012 and 2015, accepted the accolade at a gala event in
South Africa.
"It's no accident that Budget
Iceland has been honored more than once," said David B. Wyshner,
president and chief financial officer, Avis Budget Group. "They
continue to generate a marked increase in revenue and volume, along
with strong ancillary sales. In addition, they understand their
customers' needs, and that is reflected in their consistently high
customer satisfaction scores."
The Budget Car Rental Licensee
Awards recognize licensee partners that have demonstrated growth in
annual financial performance, measured against their local country
economic conditions. The Awards also take into account exceptional
customer service and delivery of strategic initiatives. In addition
to the Licensee of the Year award presented to Budget Iceland,
Budget Cyprus was honored for its accomplishments with the
Outstanding Achievement award for 2016.
"My team and I are humbled by this
honor," said Hjálmar Pétursson, chief executive officer, Budget
Iceland. "We work hard and are committed to promoting the Budget
brand in Iceland by providing the best rental experience
possible."
Budget Iceland has been in
operation for almost 25 years, providing customers with quality
vehicles at great value prices. The Budget fleet includes a variety
of makes and models from manufacturers including Ford, Hyundai,
Renault, Suzuki and Toyota, with many 4x4 models. Vehicles in the
fleet are available with manual and automatic transmissions, and
Budget offers a variety of insurance packages and products to
enhance customers' experience. Renters also benefit from Budget's
friendly, attentive staff and free shuttle service from major
hotels and guesthouses in Reykjavik.
About
Budget
Budget Car Rental is one of the world's best-known car rental
brands with approximately 3,500 locations in more than 120
countries. Budget is an industry leader in providing vehicle rental
services to value-conscious travelers and also operates one of the
largest local and one-way truck rental businesses in the United
States, through a network of approximately 1,550 locations. Budget
is owned by Avis Budget Group, Inc. (NASDAQ:CAR), which operates
and licenses the brand throughout the world. For further
information, visit www.budget.com.
Contact:
Alice Pereira
(973) 496-3916
PR@avisbudget.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Budget Car Rental via Globenewswire
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