Home Travel Uber and Lyft made up 52% of business travel transportation expenses in the third quarter

Uber and Lyft made up 52% of business travel transportation expenses in the third quarter

by Paul

Another quarter has passed and Uber and Lyft once again have become the preferred method of transportation for business travellers. According to Q3 2016 numbers released by online travel and expense management service provider Certify, 52 per cent of those using transit for work-related purposes opted to use a ride-hailing service. This is the first time that ride hailing in general has made up the majority of the ground transportation expenses for business travellers.

Last quarter, ride hailing made up 48.7 per cent of business expenses.

While ride-hailing has become quite popular, Uber continues to dominate market share with 75 per cent of travellers over Lyft’s 6 per cent, when taxis are factored in. Taxi ridership continues to decline, dropping more than 3 percentage points sequentially.

“Of all the disruptive technologies to come out of the sharing economy over the past several years, nothing has captured the interest of businesspeople or captured more headlines in the media than Uber and global rise of ride hailing,” said Robert Neveu, Certify’s chief executive in a statement. “Tracking at 52 per cent of the ground transportation total in the third quarter, it’s remarkable to see that ride hailing is now more frequently expensed by business travellers than taxi and car rental combined, and more popular than taxi at anytime during the three years Certify has been reporting on this data.”

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