Thrifty car rental

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Official Thrifty car rental website: www.Thrifty.com

Thrifty Car Rental is one of the largest car rental companies in the world and is a wholly owned subsidiary of  Dollar Thrifty Automotive Group, Inc.  (NYSE: DTG). 

Through corporately-owned and franchised stores, the company operates more than 1,100 locations in 64 countries. 

Thrifty is one of the most widely recognized brands in the travel industry which caters to cost-conscious business and leisure travelers.

Thrifty - General information

Thrifty is a value-oriented car rental company that has a significant presence both in the airport and local car rental markets, a marked difference from its major competitors who focus almost exclusively on the airport market. In the U.S., approximately 66% of its business is in the airport market, 34% in the local market.

In serving the airport market, Thrifty operates "in terminal" in every major airport in Canada and Australia, and in 85 airport locations in the U.S., with the balance of its airport rental centers just off airport grounds. Thrifty is also located in-terminal in most major cities in the Caribbean, and Central and South America where Thrifty has a presence. Thrifty also has a significant presence in the Middle East. Thrifty Truck Rental is an ancillary business.

Thrifty - Fleet

90,000 cars worldwide (peak fleet in 2002). In the U.S. and Canada, Thrifty Car Rental primarily features quality products of Daimler Chrysler Corporation and other fine cars. Some locations in North America also operate Thrifty Truck Rental divisions. 

Thrifty - Locations

U.S. - 426

Canada - 140

Other Int'l - 592

Thrifty operates in 64 countries and territories with nearly 1,200 locations throughout North, Central, and South America, Africa, Europe, the Middle East, the Caribbean, Asia and the Pacific.

Employees

Thrifty and its franchisees employ more than 7,500 worldwide. 

Thrifty - Franchise Philosophy

Historically, Thrifty has employed a franchise strategy to become a major global brand; however, the company in 2002 elected to shift to operating some major U.S. markets corporately. Today, more than 80% of its retail outlets in North America are franchised (and over 90% globally), owned by independent businesses that are licensed to use our trade names, systems and technologies. Each franchised location is required to maintain strict standards in facilities and service. From its corporate headquarters, Thrifty centralizes all travel agent commission payments and operates from its headquarters travel agent and consumer inquiry departments.

Thrifty guarantees 100% participation in its corporate account program.

Parking Facilities

As one of the U.S.'s largest airport parking providers with more than 14,000 parking spaces, 33 Thrifty locations across the U.S. offer convenient airport parking facilities as an added service. Parking operations can be found in most major metropolitan cities such as Chicago, Dallas (Love Field), Detroit, Kansas City, Los Angeles, Phoenix, Seattle, Tampa and Orlando, Fla. 

Automation

Thrifty ranks in the top tier in its connections with the automated reservations systems. Thrifty participates in direct links with Apollo (Inside Link) and Amadeus (Complete Access), as well as seamless connectivity with Worldspan (Car Source) and SABRE (Direct Connect Availability). In addition, Thrifty is connected to every major computer reservation system available. Thrifty also uses state-of-the-art voice recognition software at 1-800-THRIFTY.

Thrifty - Frequency-Based Partners

Worldwide partners include Aeromexico, Air Canada, American Airlines, Continental Airlines, Delta Air Lines, Hilton Corporation, Icelandair, Kuwait Airlines, Northwest Airlines, US Airways, Qantas, United Airlines and GlobalPass, a consortium of more than a dozen airlines in Latin America, Alaska Air/Horizon Air and America West. 

Thrifty Car Sales

Launched in 1999, Thrifty Car Sales is a leading franchiser of branded retail used car sales dealerships, with locations open nationwide. Today, Thrifty Car Sales has opened about 50 stores to date in the U.S., with more planned. Thrifty Car Rental and Thrifty Car Sales are subsidiaries of Thrifty, Inc. 

Ownership

Thrifty was founded in 1958. In 1987, the company completed an initial public offering of common stock and was acquired two years later, in 1989, along with Dollar Rent A Car, by Chrysler Corporation. In late 1997, Chrysler divested Thrifty and Dollar in an initial public offering as part of the Dollar Thrifty Automotive Group, Inc. (NYSE: DTG). In December 2002, DTG unveiled a new corporate platform; previously functioning as two separate operating companies (Dollar Rent A Car System, Inc. and Thrifty, Inc.), DTG now operates as a single company while continuing to support and grow both of its two strong brands independently.