Avis Budget Group Inc. today announced that it has signed a new multi-year agreement with Costco Travel to provide more than 45 million U.S. Costco Wholesale members with savings on vehicle rentals and ancillary products from Avis Car Rental and Budget Car Rental.

"Costco is one of the largest retailers in the United States and their members appreciate value and quality when it comes to the products they purchase and the travel providers they choose," said Stephen Wright, vice president of global travel and partnerships, Avis Budget Group. "We're delighted to renew our partnership with Costco Travel and continue to offer members travel savings as we look to further enhance customer loyalty and drive revenue."

As part of the renewed agreement, Costco members can continue to enjoy the convenience of booking Avis and Budget reservations through Costco's official website (www.costco.com) and toll-free member phone number, according to Avis Budget Group.

"We are pleased to renew our agreement with Avis Budget Group and continue to provide Costco members with the high standard of quality, service and savings they've come to expect on Avis and Budget rentals booked through Costco Travel," said Ginnie Roeglin, senior vice president, ecommerce and publishing, Costco Wholesale.