Uber and Lyft Pound Taxis, Rental Cars In Business Travel Market

The Lyft ride-sharing app is seen on a mobile phone on Feb 12, 2018.  (Photo by Jaap Arriens/NurPhoto around Getty Images)

Car-sharing companies Uber and Lyft are fast apropos a 800-pound gorillas of U.S. belligerent transport for business travelers.  And like any good span of 800-pound gorillas, they continue to bruise a opposition. In this case, it’s let automobile providers and taxis holding a beating, according to a new news by transport and party responsibility government program association Certify.

The study, formed on research of some 50 million profits showed that for 2017, a ride-hailing span accounted for 68% of altogether belligerent transport expenses.  Uber had 56% of all belligerent transport receipts/expenses, a difficulty that also enclosed taxis and automobile let services.  Uber’s share grew somewhat over 2016 when it had 52% of a market. However, a genuine marketplace tiger in terms of expansion was Lyft, that grew from 4% in 2016 to 12% in 2017.

Uber was a many expensed code of all in a survey, with 9% of all receipts/expenses, followed by Starbucks (the most-expensed restaurant) during 4%.

Looking during an ever-shrinking share of a belligerent transport cake were a submissive automobile let and cab companies.  In 2016, automobile rentals were 33% of all belligerent transport receipts/expenses. In 2017, automobile rentals comprised usually 25%.

The design was equally gloomy for a once-ubiquitous taxicab. While taxis accounted for 11% of belligerent transport losses in 2016, they had slipped to usually 7% by 2017. In fact, a usually area where taxis led in a consult was in carrying a many dear normal fare: a normal cost of a cab float was $31.64, while a normal Uber float was $25.10 and a normal Lyft transport was $20.63.

Shutterstock

Interesting, while ride-sharing has clearly been embraced by a business traveler, other aspects of a supposed ‘sharing economy’ have not been. According to Certify, while expensing Airbnb stays have scarcely doubled any year given 2014, Airbnb profits represented usually .5% of a camp difficulty altogether in 2017.  By contrast, Hampton Inn had 8.95% of camp receipts, Marriott 8.48%, Courtyard by Marriott: 7.4%, Holiday Inn Express: 4.63% and Hilton Garden Inn, 4.47%.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone