44.2 F
New York
Friday, March 29, 2024

New Report Shows Uber Tops Taxi Use for Business Travelers in NY

Related Articles

-Advertisement-

Must read

Throughout three months ending in June, Uber overcame taxis as the most expensed type of ground transportation at 55 percent while taxis were at 43 percent.

City taxis are losing business to the new transportation service, Uber Technologies, according to expense management system provider Certify.

Uber connects consumers with drivers through its smartphone app to submit a trip request which is then routed to Uber drivers who utilize their own cars.

Throughout three months ending in June, Uber overcame taxis as the most expensed type of ground transportation at 55 percent while taxis were at 43 percent, which is an intense change from the beginning of the year when taxis had 53 percent of receipts and Uber was at 46 percent.

Established travel providers will need to adapt quickly or face further market share erosion to the sharing economy,” Certify CEO Robert Neveu said in a statement.

Certify sources it’s finding on the 28 million trip receipts its North American clients submit each year. It does not include receipts from business travelers whose companies use other services to track expenses.

Business travelers may be readily moving toward Uber, yet businesses still have reservations about risk and safety. Contingent upon the city, Uber drivers aren’t fundamentally managed by government taxi authorizing powers. Both Uber and contender Lyft safeguard their drivers amid paid rides which furthermore require the drivers to convey individual auto insurance that covers any remaining time.

In a few cities, Uber beat out taxis by a wide margin for business travelers. In San Francisco, Uber’s hometown, 79 percent of rides expensed through Certify during the second quarter were for Uber. In Dallas, 60 percent were for Uber and 54 percent in Los Angeles. Certify noted that it saw rental car transactions fall at the same time.

Uber’s pricing compared with traditional cabs can vary. Its UberX service, often drivers in Toyota Camrys or Honda Civics, is typically cheaper, but its high-end black cars and SUVs cost a premium. During peak hours, Uber charges a “surge” premium that can add anywhere from 20 percent on to the cost to doubling or tripling it. During really busy periods the surge can be even more.

balance of natureDonate

Latest article

- Advertisement -