Client Profile

Cendant operates in more than 115 countries, employs over 90,000 people and is a leader in travel and real estate services. The company is headquartered in New York, but also has UK offices in Wiltshire, Berkshire and London.

It is the world's second largest hotel franchisor with more than 6,400 hotels and 540,000 rooms on five continents under the brands Days Inn, Travelodge, Ramada Inn and Amerihost Inn, among others. It is one of the world's largest car rental operators and owns Avis Group Holdings and Budget Rent A Car.

The company also owns several travel sites including Orbitz, eBookers, Lodging.com, Galileo International, Cheap Tickets and completed the acquisition of UK-based Gullivers Travel Associates at the beginning of this year. In addition, Cendant has a major presence in the real estate industry and is also a leader in relocation services and marketing.

Cendant have recently announced that it will separate into four separate publicly-traded divisions by 2006, dividing into travel distribution, real estate, vehicle rental and hospitality businesses. Each division will have a new name and the Cendant name will be run down.

For more information, visit their website: www.cendant.com