LONDON, Feb. 24, 2014 /PRNewswire/ -- The Hertz Corporation (NYSE:HTZ), the world's leading general use car rental brand, has recently signed a new agreement with its franchise partner Ryan's Investments, which has been operating Hertz in Ireland since 1991. The new partnership agreement extends the alliance until 2024 and now also includes Hertz's value brands Dollar Rent a Car and Thrifty Car Rental.
Michel Taride, Group President, Hertz International, commented: "Ryan's Investment's strength in the local transport sector presents a significant growth potential for our Dollar and Thrifty brands in Ireland. Hertz's value brands offer local residents and visitors excellent service, top-quality vehicles and a budget-friendly way to explore the sights. The renewed and extended agreement with our highly valued partner Ryan's Investments was the natural next step in our fruitful and longstanding alliance."
Sean Boland, Managing Director, Hertz Ireland and Company Director, Ryan's Investments, added: "As part of the Hertz family for the past 23 years we share the company's vision for growth and the commitment to deliver quality service to our customers. We are delighted to operate Dollar and Thrifty brands across Ireland and to grow these brands to reach their true potential. We truly believe that the renewal of our partnership agreement with Hertz and the addition of Dollar and Thrifty to the alliance will be an exciting and rewarding journey for customers and employees."From the beginning of the partnership between Hertz and Ryan's Investments, the Hertz Ireland business has grown to be the number one car rental brand on the island. Hertz Ireland has been recognized with a multitude of service excellence awards over the years, including being an unprecedented 19 year winner of the Irish Travel Trade publication's "Best Car Rental Company" honour. With the largest market share in all segments and presence in all major airports including prime downtown locations in Dublin and Cork, Hertz offers the largest and most diverse fleet in the country including the Fun and Prestige Collections and a wide range of vans. Fully integrated in Hertz's global Gold Plus Rewards Scheme, Hertz Ireland was the first Hertz European franchise country to offer the programme's full benefits pack, currently featured at all its Dublin and Belfast locations as well as at Shannon and Cork airports. Dollar and Thrifty locations in Ireland are located in key tourist destinations - including Dublin, Cork, Knock, Kerry and Shannon airport - in line with Hertz's long-term leisure growth strategy for the Dollar and Thrifty businesses. Hertz's customers have now further access to a full range of rental options through the company's strong premium and value brands, making their reservations online by visiting www.dollar.ie and www.thrifty.ie. Notes for editors: Following the European expansion of the Dollar and Thrifty brands, there are now 143 corporate locations operating across the continent, in addition to 195 franchisee and licensee locations.