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Press Release

Budget and Southwest Offer Small Businesses

New Small Business Accounts Receive Double Rapid Rewards Credit on Budget Rentals

Parsippany, NJ Jul 12, 2004 -

When it comes to business travel, 62% of travelers admit that they have extended a business trip and kept a rental vehicle longer to visit local attractions, according to a recent survey conducted by Budget Rent A Car. In an effort to maximize the rewards earned by travelers on business trips, Budget Rent A Car has teamed up with Southwest Airlines’ online corporate booking tool, SWABIZ, to offer small businesses an opportunity to earn free travel faster.

Through April 30, 2005, companies that sign up for the Budget Business Program can receive double Rapid Rewards credit (one credit per rental instead of the usual 0.5 credits) on Southwest Airlines for all qualifying car rentals completed within the first 90 days following the enrollment date. Each corporate traveler within the company is eligible to receive the credit. Once a traveler receives 16 Rapid Rewards credits within 12 consecutive months, a roundtrip Award will be issued – good for travel to any of the 60 destinations Southwest serves.

The Budget Business Program is designed to serve the car rental needs of small businesses. Enrollment in the program is free and companies enjoy the following benefits:

  • Low corporate rates with unlimited mileage
  • No additional driver fees with the corporate rate
  • Complimentary “Fastbreak” Service so that travelers can get in their car and on their way as quickly as possible. Fastbreak members can also enjoy “Fastbreak Choice” where they are given the opportunity to choose any available vehicle from a designated area on the lot.
  • Convenient on-airport locations at most major U.S. airports and more than 700 downtown and suburban locations

In addition, all travelers can enjoy “Rapid Return” at major airport locations that enables them to return their cars and obtain receipts right in the lot, without ever visiting the counter.

“The Budget Business Program is designed to help companies manage their travel needs and reward frequent renters with additional perks,” stated Gerard Quirk, vice president of global travel industry for Cendant Car Rental Group, the parent company of Budget. “We are pleased to offer these businesses added value through our partnership with Southwest Airlines’ SWABIZ. This is yet another way Budget and Southwest Airlines show they mean business for small businesses by allowing them to save on travel and effectively manage their travel budgets.”

The double credit offer is valid on qualifying rentals of two or more days on mid-size or higher car classes. Vehicles are subject to availability and blackout dates may apply. For complete details or to enroll in the Budget Business Program, visit budget.com/swabiz or call 800-822-7379.

Survey results are based on 1,230 respondents. The data was collected online at travel.yahoo.com between March 23 and March 31, 2004.

About Rapid Rewards

In 2004, Southwest Airlines’ Rapid Rewards program placed first at Inside Flyer magazine’s 16th annual Freddie Awards in the Best Award Redemption, Best Customer Service, Best Web Site, Best Award, and Best Bonus Promotion categories. Southwest also placed second in the Program of the Year and Best Newsletter categories.

About SWABIZ

SWABIZ, Southwest Airlines’ free online tool that allows business travelers to plan, book, and purchase Ticketless Travel on Southwest Airlines; a simple and efficient method to obtain low fares and Rapid Rewards credit. SWABIZ also provides travel managers a useful mechanism for the tracking and reporting of business travel.

About Budget

Budget Rent A Car System, Inc. is the owner and franchiser of one of the world's best-known car rental brands with more than 1,900 car rental locations in the U.S., Canada, Latin America, Caribbean, Australia and New Zealand. The company is a wholly owned subsidiary of Cendant Corporation (NYSE: CD), a diversified global provider of business and consumer services primarily within the travel and real estate sectors. For further information visit budget.com or cendant.com/media.


Alice Pereira
Senior Associate, Public Relations
Cendant Car Rental Group
6 Sylvan Way
Parsippany, NJ 07054
973-496-6113
alice.pereira@cendant.com

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