Dollar Rent A Car 2011 Annual Report Download - page 11
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Other
As of December 31, 2011, the Company had 150 vehicle rental concessions for company-owned stores at 83 airports in the United States. Its payments for
these concessions are usually based upon a specified percentage of airport-generated revenue, subject to a minimum annual fee, and typically include fixed rent
for terminal counters or other leased properties and facilities. A growing number of larger airports are building consolidated airport rental car facilities to
alleviate congestion at the airport. These consolidated rental facilities may eliminate certain competitive advantages among the brands as competitors operate out
of one centralized facility for both customer rental and return operations, share consolidated bussing operations and maintain image standards mandated by
the airports.
Summary of Corporate Operations Data
Year Ended December 31,
2011 2010 2009
(in thousands)
Rental revenues:
United States - Dollar $ 881,034 $ 839,267 $ 835,935
United States - Thrifty 542,964 574,141 576,230
Total U.S. rental revenues 1,423,998 1,413,408 1,412,165
Canada - Dollar 10,981 10,912 9,178
Canada - Thrifty 49,345 48,703 51,575
Total Canada rental revenues 60,326 59,615 60,753
Total rental revenues 1,484,324 1,473,023 1,472,918
Other 16,914 18,187 18,681
Total revenues from U.S. and
Canadian Corporate Operations $ 1,501,238 $ 1,491,210 $ 1,491,599
As of December 31,
2011 2010 2009
Rental locations (U.S. and Canada):
Dollar 135 149 151
Thrifty 145 148 145
Total corporate rental locations 280 297 296
Franchising
United States and Canada
Both Dollar and Thrifty sell U.S. franchises on an exclusive basis for specific geographic areas, generally outside the top 75 U.S. airport markets. Most
franchisees are located at or near airports that generate a lower volume of vehicle rentals than the airports served by company-owned stores. In Canada, Dollar
and Thrifty sell franchises in markets generally outside the top eight airport markets. The typical length of a franchise is ten years with a renewal option for
five years if certain conditions are met. The franchisee may terminate the franchise for convenience upon 120 days written notice and Dollar and Thrifty may
terminate upon breach of the agreement or for cause as defined in the agreement.
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