This year's recipients for the region are Avis Peru and Budget Mexico. Each honouree accepted the accolade at a celebratory event recently held in Hollywood, Florida.
The annual Licensee Awards recognise licensee partners that have demonstrated growth in annual financial performance, measured against their respective country's economic conditions, excellence in customer service and alignment with the brand's initiatives.
"In Latin America and the Caribbean, we primarily operate through licensees so it's imperative that we have best-in-class stewards of our brands," explained, Joe Ferraro, president, Americas, Avis Budget Group.
He added Avis Peru and Budget Mexico each delivered high levels of customer satisfaction and strong growth in challenging and highly competitive markets.