Avis 2006 Annual Report Download - page 9

Table of Contents
The following diagram reflects the current ownership structure of our company.
Car rental business
Operations—Avis
We operate or franchise approximately 2,100 of the approximately 5,000 rental locations that comprise the Avis car rental system (the “Avis
System”),
which represents one of the largest car rental systems in the world, based on total revenue and number of locations, and encompasses
locations at most of the largest airports and cities in the United States and internationally. The Avis System in Europe, Africa, the Middle East
and parts of Asia is primarily operated under royalty-free license agreements with Avis Europe Holdings, Limited (“Avis Europe”), an
independent third party, and is comprised of approximately 2,900 company operated and sub-licensee locations.
We own and operate approximately 1,300 Avis car rental locations in both the on-airport and local rental segments in North America,
Australia, New Zealand, Latin America and the Caribbean. For 2006, Avis generated total revenue of approximately $3.4 billion, of which
approximately 85% (or $2.9 billion) was derived from U.S. operations. In addition, we franchise the Avis System to independent business
owners in approximately 850 locations throughout the United States, Canada, Latin America, Australia, New Zealand and parts of the Pacific
region. In 2006, approximately 95% of the Avis System total domestic revenue was generated by our locations and the remainder was
generated by locations operated by franchisees. Franchisees generally pay royalty fees to us based either on total time and mileage charges or
total revenue.
4