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Budget and Avis are both owned by the same parent company, namely, Avis Budget Group Inc. Their fundamental difference lies in terms of the customer segments that they cater to respectively. Avis primarily targets the premium and leisure segments while Budget is better suited for customers on a relatively tight budget.Who owns Avis Budget Group?
Avis is owned by Avis Budget Group, Inc. (NASDAQ: CAR), which operates and licenses the brand throughout the world. Founded in 1946 by Warren Avis (who sold his interest in 1954), Avis was the first company to rent cars from airport locations.