TULSA, Okla., June 27, 2012 // PRNewswire // -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) is pleased to announce nine new corporate location openings this summer.
Dollar Thrifty plans to open eight of the nine locations in July. These include a Dollar Rent A Car at the Maui Coast Hotel in Kihei, Hawaii, a local market Dollar Rent A Car at 339 South End Ave. (Battery Park) in New York, N.Y., a dual-branded Dollar Rent A Car and Thrifty Car Rental location at the Crowne Plaza Orlando-Downtown Hotel in Orlando, Fla., a dual-branded location at the Ramada Maingate West Hotel in Kissimmee, Fla. and another dual-branded location at 1291 Cobb Parkway South in Marietta, Ga. Lastly, in August, Dollar Thrifty plans to open a local market Thrifty Car Rental at 1066 U.S. Hwy 1 in Vero Beach, Fla.
"We are pleased to expand our brands' presence with these prime tourist destinations," said Scott Thompson, President, CEO and Chairman of the Board. "We are currently targeting 1 to 2 percent annual revenue growth from new location openings. These locations will provide incremental revenue growth in addition to the growth expected from an improving North American travel market."
"We are not targeting the insurance replacement business, as we believe that market is already fully served by other rental car companies," Thompson added.
Dollar and Thrifty have approximately 1,575 corporate and franchised worldwide locations including approximately 585 locations in the U.S. and Canada.
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.
H. Clifford Buster III
Chief Financial Officer
Investor Relations And Corporate Communications