Thrifty Car Rental 2006 Annual Report Download - page 14

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Tour Rentals
Vehicle rentals by customers of foreign and U.S. tour operators generated approximately $166 million or
10.8% of the Company’s rental revenues for the year ended December 31, 2006. These rentals are
usually part of tour packages that can also include air travel and hotel accommodations. No single tour
operator account generated in excess of 2% of the Company’s 2006 rental revenues.
Other
As of December 31, 2006, the Company had 133 vehicle rental concessions for company-owned stores
at 81 airports in the United States. Its payments for these concessions are usually based upon a specified
percentage of airport-generated revenue, subject to a minimum annual fee, and typically include fixed
rent for terminal counters or other leased properties and facilities. A growing number of larger airports
are building consolidated airport rental car facilities to eliminate congestion at the airport which also
facilitates additional growth for the rental car industry.
Supplemental Equipment and Optional Products – Dollar and Thrifty rent global positioning system (GPS)
equipment, ski racks, baby seats and other supplemental equipment, sell pre-paid gasoline and, subject
to availability and applicable local law, make available loss damage waivers and insurance products
related to the vehicle rental.
Summary of Corporate Operations Data
2006 2005 2004
Rental revenues:
United States - Dollar 910,434$ 856,284$ 850,473$
United States - Thrifty 540,947 447,535 339,700
Total U.S. rental revenues 1,451,381 1,303,819 1,190,173
Canada - Dollar and Thrifty 87,292 76,353 65,717
Total rental revenues 1,538,673 1,380,172 1,255,890
Other 11,054 7,579 6,363
Total revenues from U.S. and
Canadian Corporate Operations 1,549,727$ 1,387,751$ 1,262,253$
2006 2005 2004
Rental locations (U.S. and Canada):
Dollar 200 187 185
Thrifty 207 182 167
Total corporate rental locations 407 369 352
Year Ended December 31,
(in thousands)
As of December 31,
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.
8