21 Jan Uber Overtakes Car Rental Suppliers on Expense Reports
Uber already had beat out cabs. Now it accounts for more corporate expense report items than do car rentals.
The fourth quarter of 2015 represents the first time Uber rides outpaced car rentals on Certify corporate expense reports.
Uber accounted for 41 percent of rides, an increase from 34 percent in the previous quarter, according to Certify’s analysis of 9 million receipts and expenses during the fourth quarter and 30 million receipts for the full year. Car rentals’ share fell to 39 percent during the fourth quarter compared with 44 percent in the third quarter.
Taxis, meanwhile, lost two percentage points in share quarter over quarter, accounting for 20 percent of rides. Uber first surpassed taxis in terms of share during the second quarter of 2015.
Uber’s chief competitor, Lyft, accounted for a relatively small portion of receipts processed, and Certify did not count it in marketshare totals. However, Lyft also is growing in use among corporate travelers. It accounted for more than seven times as many expenses in 2015 as in 2014.
Certify’s analysis shows the growth of the sharing economy on the lodging side, as well. Receipts from Airbnb rose 259 percent year over year in 2015, appearing most often in San Francisco, Chicago, Seattle, Oakland and New York City domestically and in Vancouver, London, Toronto, Mexico City and Sydney outside of the United States.
Article by Michael B Baker, it originally appeared on www.businesstravelnews.com on 21 January 2016.