Both Budget of Grand Cayman and Apex of Grand Cayman were honored at the Latin America and Caribbean Region conference this past week in Costa Rica. Budget and Apex Cayman are franchise operators of the Avis and Budget Group of companies. Budget Grand Cayman received a long service award for 40 years of operating the brand. Apex Grand Cayman received a long service award for 5 year of operating the brand. It was also noted that Apex Grand Cayman was the first franchise to carry the Apex name in the Americas. Apex with it routes from New Zealand was acquired by the Avis Budget Group of companies several years ago. The conference was attended by senior executives form the Avis Budget Group and by franchise operators from all over the Latin America and Caribbean Region. Brian Krug, President of both Budget Grand Cayman and Apex Grand Cayman was present to accept the awards.