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Press Release

Budget Adds Hilton Hotels & Resorts To Unlimited Budget Program For Travel Professionals

Travel Professionals Can Earn Double Points With Introductory Offer

Parsippany, NJ Apr 7, 2005 -

Budget Rent A Car System, Inc. today announced the participation of Hilton Hotels & Resorts in Unlimited Budget®, the company’s loyalty program for travel professionals.  The program allows members to earn reward points for each qualifying transaction with Budget and its Unlimited Budget hotel partners.  Once 25 points are earned, an Unlimited Budget stored-value MasterCard® card worth $25 is issued.  In addition, from April 1, 2005 through May 31, 2005 for stays in the United States, Canada or Mexico, Unlimited Budget members can earn double points for each qualifying Unlimited Budget stay booked and completed at a participating Hilton. 

“We’re proud to add the flagship Hilton brand to the Unlimited Budget program,” stated Gerard Quirk, vice president of global travel and partnership sales for Cendant Car Rental Group, parent of Budget.  “We are committed to providing travel professionals with valuable ways to earn cash rewards with great partners like Hilton Hotels.” 

“We are excited to give our travel partners another great reason to book with Hilton,” said Jeff Diskin, senior vice president, brand management, Hilton Hotels Corporation.  “With over 230 top-quality properties in the most desirable destinations in North America, travel professionals will now have the added reward of earning points through the Unlimited Budget program.”

Enrollment in Unlimited Budget is free and is open to travel professionals who are residents of the United States age 18 and over.  For more information or to enroll in Unlimited Budget, travel professionals can visit www.unlimitedbudget.com.

About Unlimited Budget
Unlimited Budget is the premier travel agency loyalty program for Budget Rent A Car through which members can earn valuable reward points on all completed business and leisure car rental transactions in the United States. Members can also earn points for completed bookings with Budget hotel partners, including Hilton Hotels & Resorts®, Conrad®, Doubletree®, Embassy Suites Hotels®, Hampton Inn & Suites®, Hilton Garden Inn® and Homewood Suites® by Hilton hotels.

With each booking, points are deposited in a special account in the travel professional’s name. Once a member has accumulated 25 points, the agent receives an Unlimited Budget stored-value MasterCard® card loaded with $25 that can be used to make purchases anywhere MasterCard debit card is accepted, including ATMs.  Additional credits are automatically deposited with each completed booking.

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 nearly 1,900 car rental locations in the U.S., Canada, Latin America, Caribbean, Australia and New Zealand.  The company is part of Cendant Car Rental Group, 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 www.budget.com or www.cendant.com/media.

About Hilton Hotels & Resorts
Hilton Hotels & Resorts is the flagship brand of the Hilton Family of Hotels.  During the brand’s legacy, this upscale, full-service collection of hotels and resorts has grown to include some of the world’s most renowned places to stay.  Team members at Hilton Hotels & Resorts pride themselves on a passion for delivering a satisfying experience to the most discriminating of travelers and reflect commitment and support to the local culture and community in which they reside.  For more information, please visit our website at www.hilton.com.

About Hilton Hotels Corporation
Hilton Hotels Corporation is recognized internationally as a preeminent hospitality company. The company develops, owns, manages or franchises approximately 2,300 hotels, resorts and vacation ownership properties. Its portfolio includes many of the world’s best known and most highly regarded hotel brands, including Hilton®, Conrad®, Doubletree®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Hilton Garden Inn®, Hilton Grand Vacations Club® and Homewood Suites by Hilton®. For more information about our company, please visit our corporate website at www.hiltonfamily.com.

Alice Pereira
Senior Associate, Public Relations
Cendant Car Rental Group
6 Sylvan Way
Parsippany, NJ 07054

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