Thursday, October 20, 2016

Uber/Lyft Make Up Majority of Business Travel Transportation Now

New numbers show that Uber and Lyft have become the preferred method of transportation for business travelers. VB reports that third quarter numbers released by online travel and expense management service provider Certify, show that 52 percent of those formerly using transit for work-related purposes recently opted to use a "ride-hailing" service. This is the first time ride hailing is the majority of ground transportation expenses for business travelers.

Uber dominates the market share with 75 percent of travelers over Lyft’s 6 percent. Taxi ridership declined, dropping more than 3 percentage points.

For the most part, the average cost for business travelers also went down. Costs for Uber dropped 10 percent to $22.91, while taxis fell 9.77 percent to $35.91 in recent quarters. Conversely, average Lyft prices rose nearly 5 percent to $21.80.

San Francisco was the top city for Uber and Lyft usage, while taxis were preferred in New York City.

Click the graphic to view it full size.

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About SRTC

SRTC is the federally designated Metropolitan Planning Organization (MPO) for Spokane County. Urbanized areas with populations exceeding 50,000 people are required to have an MPO. SRTC was formed to address the county's transportation planning needs. It provides coordination in planning between the public, cities, small towns, the county, the state, transit providers, and tribes.

SRTC offers services including transportation monitoring, transportation modeling, census information analysis, travel demand forecasting, historical traffic count analysis, geographic information systems, and trip generation rates.