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Dollar Thrifty Automotive Group's strategic expansion across the GCC gains momentum
- United Arab Emirates: Saturday, April 30 - 2005 at 12:47
- PRESS RELEASE
Dollar Thrifty Automotive Group (DTG) is anticipating yet another successful Arabian Travel Market next week, according to representatives of the leading car rental company.
"This tremendous growth presents a diversity of opportunities across the region for both the Thrifty Car Rental and Dollar Rent a Car brands. While DTG continues to evolve here in the Middle East, we are determined to use ATM 2005, where we promise our largest presence to date, as a platform to showcase our sustained efforts to capture a significant share of the regional car rental market," he added.
He went on to say that a significant expansion of car fleets combined with a broader franchise program and improved marketing efforts had all played a role in ensuring the success of both brands, particularly Dollar Rent a Car which has enjoyed a relatively smooth entry into the market since it was launched at ATM 2004.
"Dollar's fleet of cars in the UAE has already reached 600 and is poised to grow significantly in 2005 to 1500 vehicles by the end of the year," added newly-appointed general manager, Sumit Chopra.
With over 16 years of experience in the hospitality industry, Chopra has been instrumental in fostering growth within existing Dollar operations by attracting new customers and overseeing the opening of new outlets. In addition to highlighting its successes in the UAE, DTG representatives will also use the ATM event to announce the appointment of three new Dollar franchisees in Bahrain, Kuwait and Qatar.
"This expansion is consistent with DTG's corporate growth strategy and adds 7 locations and approximately 600 vehicles to our regional operations," added Eltibi.
Thrifty Car Rental UAE recently announced the addition of a range of luxury cars to its existing inventory of more than 7000 quality vehicles.
"With our portfolio of vehicles now enhanced by the addition of these prestige vehicles, combined with a consistently high standard of professionalism and service, Thrifty is prepared to capture a significant portion of the corporate and private luxury car rental sector," added Rahul Singh, general manager, Thrifty Car Rental.
Across the region, Thrifty continues to win strong market share through its network of franchises in Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar and the United Arab Emirates.
"As the Thrifty brand gains prominence, we will continue to enhance our offering in the region, which is focused on providing value-driven travelers with a great car rental experience," concluded Singh.
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Notes and media contacts
About the Dollar Thrifty Automotive GroupDollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission "Value Every Time," the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers in approximately 70 countries. Dollar and Thrifty have over 1,600 corporate and franchised worldwide locations including over 800 in the United States and Canada. The Dollar or Thrifty brands operate in virtually all of the top U.S. airport markets; both brands operate in all of the top Canadian airport markets. The Company's more than 8,300 employees are located mainly in North America, but global service capabilities exist through an ever expanding international franchise network. For additional information, visit dtag.com.
Some of the statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Dollar Thrifty Automotive Group, Inc. believes such forward-looking statements are based upon reasonable assumptions, such statements are not guarantees of future performance and certain factors could cause results to differ materially from current expectations. These factors include: price and product competition; economic and competitive conditions in markets and countries where the companies' customers reside and where the companies and their franchisees operate; natural hazards or catastrophes; incidents of terrorism; airline travel patterns; changes in capital availability or cost; costs and other terms related to the acquisition and disposition of automobiles; systems or communications failures; costs of conducting business and changes in structure or operations; and certain regulatory and environmental matters and litigation risks. Should one or more of these risks or uncertainties, among others, materialize, actual results could vary from those estimated, anticipated or projected. Dollar Thrifty Automotive Group, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
For more information, please contact:
Sam Eltibi
Regional Director, Middle East and North Africa
Dollar Thrifty Automotive Group, Inc.
Tel: +971 4 43328833
Fax: +971 4 3324454
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