PARSIPPANY, N.J.—(January 13, 2011) - Avis Budget Group, Inc. (NASDAQ: CAR) has signed a new partnership agreement with InterContinental Hotels Group (NYSE: IHG), the world’s largest hotel group by number of rooms, to provide 52 million IHG Priority Club Rewards members with discounts on Avis and Budget rentals and the opportunity to earn points when renting from Avis and Budget locations around the globe.
As part of the new agreement, Avis Rent A Car and Budget Rent A Car will promote products, services, money....