Dollar Thrifty Automotive Group Reports Franchise Openings in the First Quarter
24 new franchise locations opened in 2012
TULSA, Okla., April 18, 2012 /PRNewswire via COMTEX/ --Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that after opening 23 U.S. and Canada franchise locations in 2011, it has opened an additional seven U.S. locations in the first quarter of 2012. Additionally, the Company continued to expand internationally and added 17 franchise locations abroad in the first quarter of 2012. These 2012 international locations follow 61 franchise location openings in 2011.
"We are very pleased with our continued growth in franchising, both in international markets and in certain smaller domestic markets where franchising is our preferred structure," said Scott Thompson, President, CEO and Chairman of the Board of Dollar Thrifty Automotive Group, Inc. "Through our franchise partners, we are able to economically expand our brands' footprint in multiple new markets and continue offering customers our compelling value proposition."
The 2012 U.S. openings include three dual-branded, in-terminal airport locations in Midland, Texas, Montgomery, Ala. and Fort Wayne, Ind. The Company also added one local market Dollar location in Palmdale, Calif.
Dollar Thrifty continues to grow its franchise presence internationally in its four regions abroad: Europe and Sub Saharan Africa (ESSA), Caribbean, Mexico and Latin America (CMLA), Middle East and North Africa (MENA) and Asia/Pacific (AP). The 2012 openings include two dual-branded locations in its ESSA region, one in South Africa and one in Norway. In the CMLA region, the Company added six franchise locations, including three Dollar locations in Honduras, two Thrifty locations in Ecuador and one Thrifty location in Brazil. In the AP region, Dollar Thrifty added four Thrifty locations, including two in Australia and two in New Zealand. Finally, the Company expanded its MENA region with the addition of three Dollar franchise locations in Morocco.
About Dollar Thrifty Automotive Group, Inc.
Through its Dollar Rent A Car and Thrifty Car Rental brands, the Company has been serving value-conscious leisure and business travelers since 1950. The Company maintains a strong presence in domestic leisure travel in virtually all of the top U.S. and Canadian airport markets, and also derives a significant portion of its revenue from international travelers to the U.S. under contracts with various international tour operators. Dollar and Thrifty have approximately 280 corporate locations in the United States and Canada, with approximately 5,900 employees located mainly in North America. In addition to its corporate operations, the Company maintains global service capabilities through an expansive franchise network of approximately 1,300 franchise locations in 82 countries. For additional information, visit www.dtag.com or the brand sites at www.dollar.com and www.thrifty.com.
SOURCE Dollar Thrifty Automotive Group, Inc.
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