Business Travelers Opting for Ride-Hailing Uber Over Rental Cars, Report Says CVTB
go to original January 21, 2016

Uber is Winning Over Business Travelers — and Quickly, Too (wochit Business)

The way business travelers spend money is changing, according to a report Thursday from Certify, a cloud-based travel and expense management software seller.

It says ride-hailing giant Uber overcame car rental as a percent of total national ground transportation for the first time in the fourth quarter of 2015. Prior to the fourth quarter, only San Francisco and Boston reported Uber as having a greater percent of rides than car rental.

Also in the sharing economy, lodging services provider Airbnb experienced steady year-over-year growth both in the U.S. and internationally, the report says.

“Prices have risen steadily along with demand for traditional travel services, and for the most part we haven’t seen a lot of fluctuation in expense amounts or the vendors preferred by most travelers,” says Certify CEO Robert Neveu. “What we couldn’t have anticipated back in 2013 was the phenomenal growth of Uber and the impact it and other sharing economy services would have on corporate travel today. It’s a story that will continue to unfold for years to come.”

Says Certify’s report, Uber is the undisputed ground transportation leader with 41% of the national total in the fourth quarter, compared with 39% for car rental and 20% for taxi. Number two ride-hailing service Lyft accounts for just a small part of total rides, however the company experienced a more than 700% increase in 2015 from the previous year, the report says.

Read the rest at CVTB

Related: Soon You Can Use Uber App to Hail a Helicopter (Washington Post)

Related: Uber Announces Launch of Standalone Food Delivery App (ChicagoInno)

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