In a drive to enhance its operations in Taiwan, Avis Car
Rental, a unit of
Avis Budget Group Inc.
), recently entered into a partnership with Taiwan High Speed
Rail ("THSR"). The company's strategic move is backed by the
growing car rental demand on the island as well as accelerating
As per the partnership agreement, Avis will be offering
its rental services at six THSR stations in west Taiwan.
Hereafter, travelers will be able to avail the world's largest
vehicle rental company's services at Taoyuan, Hsinchu, Taichung,
Chiayi, Tainan and Kaohsiung. The new locations will increase
Avis' total number of rental facility centers in Taiwan to
In Jul 2012, this Zacks Rank #3 (Hold) company made its debut
in Taiwan by opening rental facilities at the Tao Yuan
International Airport, downtown Chu-Pei City and downtown HsinChu
Avis is the first international car rental company to set up
operations in Taiwan. The company's products and services include
a broad variety of well-maintained latest model vehicles; short-
and long-term rentals; personal and corporate car leasing
programs; premium chauffeur and transfer services.
Avis' legacy of Asian operations began in 1970, with the
opening of its first car rental service point in Hong Kong. Later
in 1972, the company added more locations by launching operations
in Singapore, the Philippines, Malaysia, Indonesia, Brunei,
Pakistan and Sri Lanka.
Since then, the company has managed to expand its operations
in these existing regions. Today, the company operates in 18
markets including India, Mainland China and Vietnam. Moreover,
Avis operates in over 300 locations in the continent, providing
effective vehicle rental, vehicle leasing and limousine/premium
chauffeur services through a network of wholly owned
subsidiaries, joint ventures and licensee agreements.
Avis Budget Group is the leading vehicle rental company in
North America, Australia and New Zealand. Moreover, a formidable
network of more than 10,000 rental locations and 350,000 vehicles
enable the company to strengthen its well-established position in
a highly competitive vehicle rental industry.
Avis follows a core global strategy of collaborating with
leading travel brands to expand its customer reach while creating
additional demand. In March this year, Avis successfully
completed the acquisition of the world's leading car sharing
network company, Zipcar Inc. for a total value of $500 million.
We believe that the strategic move will facilitate the company in
expanding its offerings from car rental to car sharing and
compete with rivals such as
United Rentals Inc.
Hertz Global Holdings Inc.
Ryder System Inc.
AVIS BUDGET GRP (CAR): Free Stock Analysis
HERTZ GLBL HLDG (HTZ): Free Stock Analysis
RYDER SYS (R): Free Stock Analysis Report
UTD RENTALS INC (URI): Free Stock Analysis
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