As well as offering savings on Avis and Budget car rentals at locations across the world, Regus will offer Avis and Budget customers with access to its 1,200 professional business lounges in 550 cities and 95 countries.

'The majority of our customers travel for business,' said Michael Haas, director of partnerships at Regus. 'Our rapidly expanding network of locations helps businesses and individuals work more efficiently, anywhere at any time. By teaming up with Avis Budget Group, we immediately reduce major challenges that professionals face when on the road, by providing easy and quick access to transportation as well a professional place to conduct business.'

Stephen Wright, vice president of global travel and partnerships for Avis Budget Group, added: 'The new agreement with Regus illustrates our commitment to expand travel partnerships to attract car rental demand on a global basis.

'The partnership will enhance customer loyalty for our respective businesses while making business travel easier for Avis, Budget and Regus customers,' he added.

Under the agreement, Avis Budget Group will promote its products and services, including Avis Corporate Awards and the Budget Business Program, the company's car rental programs for small and mid-sized businesses, to Regus' customer base. Members of these programs and travellers enrolled in Avis Preferred and Budget Fastbreak, the Company's express rental programs, will receive complimentary Regus Businessworld Gold membership to gain unlimited access to Regus' global network of 1,200 business lounges. The business lounges provide business travellers with a convenient and professional place to work while on the road. Members will also receive discounts on meeting rooms, virtual office programs and fully-equipped offices.