Avis Budget and PortAdventura sign exclusive partnership agreement Avis Budget announced that it has signed an exclusive concession and marketing agreement establishing Avis Car Rental and Budget Car Rental as "official rental car partners" of PortAventura. As part of the new, multi-year agreement, Avis Budget Group will provide on-site access to late-model vehicles at Hotel PortAventura. In addition, the Avis and Budget brands will be featured on PortAventura's official website.
Avis Budget higher fleet costs righted by year-end, says JPMorgan JPMorgan believes the higher fleet costs noted yesterday by Avis Budget is more of a transitory issue that will be righted by year-end. The firm views yesterday's pullback in shares as a buying opportunity and keeps an Overweight rating on Avis Budget with a reduced price target of $68.