Lyft Gains on Uber in Corporate Travel, While Taxi Use Plummets
Photo Credit: A Lyft car in San Francisco. Flickr / Kārlis Dambrāns
Skift Take
Uber has built a dominating advantage when it comes to ground transportation in corporate travel. But cheap fares from Lyft, combined with happier drivers and more robust expense reporting tools, will likely lead to increased growth at the expense of Uber's dominant market share. The entry of ride hailing apps into the mainstream also presages a continued decline in both taxi rides and car rentals.
Taxis have been the big loser from disruption caused by ridesharing apps, according to the latest ridesharing report from expense management company Certify.
Within the last year, taxi use in corporate travel has dropped from about 55 percent of on demand rides to just 30 percent, as a result of increased use of services like Uber and Lyft. Lyft has also become more popular among business travelers. "It’s important to note that Uber’s chief competitor Lyft accounted for little more than one per
