Budget Rent A Car System, Inc. is the owner and franchiser of one of the largest car and truck rental agencies in the world. It is a wholly-owned subsidiary of Cendant Corporation (primarily a provider of real estate and travel services), which also owns Avis Rent A Car. Budget appeals to the value-minded renters as it offers quality vehicles and a rewarding rental experience. It has over 1,900 locations worldwide.
Budget Rent A Car was founded in 1958 by Morris Mirkin. The company name ‘Budget' was chosen to appeal to the "budget-minded" or “value-conscious” renter. In 1960, Budget Rent A Car Corporation was formed in Chicago and the company grew rapidly thereafter, both nationally and internationally. In 1987, Budget went public and announced an initial public offering of 3.2 million shares. In 1997, Team Rental Group, Budget's largest U.S. franchisee, bought Budget and changed its name to Budget Group, Inc. Budget Group now began trading on the NYSE, but was de-listed from the Exchange when Cendant Corporation (NYSE: CD) bought Budget Rent A Car assets in the U.S., Canada, Latin America, the Caribbean, Australia and New Zealand in the year 2002. Other worldwide assets were sold to Avis Europe, Plc.
Budget today has an upgraded industry-approved Amadeus Global Distribution System to provide travel agents with real-time access to its reservation system. Amadeus was added to provide a seamless, transparent interface to all four of the industry's major global distribution systems.
Budget has two special programs: the “Budget Business Program,” a corporate discount program that offers small and mid-sized businesses low corporate rates, complimentary Fastbreak service with no additional driver fees; and “Budget Pride,” a comprehensive employee motivation program. Budget also partners with Mothers Against Drunk Driving (MADD) to help promote its “Tie One On For Safety” program.
Budget Rental Car has seven locations to serve you on the Island of Oahu.
(1) Honolulu International Airport, Honolulu, HI 96819
(2) Waikiki area in the Hyatt Regency Hotel, 2424 Kalakaua Ave. Honolulu, HI 96815