Articles tagged “ride-hailing”

News Blog

Uber’s $30 Billion Quarter Shows the Travel Recovery Is Well Underway

Taxi tech company Uber has just recorded its busiest quarter, with gross bookings reaching an all-time high of $29.1 billion in the three months to June 30, 2022. That number’s up 33 percent on the same period last year. However, losses prevail. Uber posted a net loss of $2.6 billion, with a $1.7 billion net…

Matthew Parsons | 2 months ago

Rental Cars

Hertz Struggles in Corporate Travel But Is Encouraged by ‘Short-Burst’ Trip Trend

The impact of the strict and extended inbound Covid testing policy in the U.S. shouldn't be underestimated, especially when it comes to larger business customers. The ripple effect is evident in Hertz's latest results.

Matthew Parsons | 2 months ago
Hertz Struggles in Corporate Travel But Is Encouraged by ‘Short-Burst’ Trip Trend

Business Travel

Electric Car Rentals and Shares Gain Momentum With Business Travelers

A record deal by Hertz to buy 100,000 Teslas and deeper agency technology integrations are helping meet a revived corporate demand.

Matthew Parsons | 7 months ago
Electric Car Rentals and Shares Gain Momentum With Business Travelers

Coronavirus

AirAsia Launches Ridesharing Through Superapp in Latest Digital Push

AirAsia isn't backing down from the intense competition of superapps and ridesharing in Southeast Asia. Can an airline really become a digital lifestyle brand powerhouse? AirAsia is going all out to prove the skeptics wrong.

Ruthy Muñoz, Skift | 1 year ago
AirAsia Launches Ridesharing Through Superapp in Latest Digital Push

Rental Cars

Uber Didn’t Listen Enough to Cities, a Top European Exec Concedes

Uber has tried hard to change its image in recent years, but has it worked?

Patrick Whyte, Skift | 3 years ago
Uber Didn’t Listen Enough to Cities, a Top European Exec Concedes

Rental Cars

Uber Buys Middle East Rival Careem for $3.1 Billion

Aside from getting rid of a worthy competitor and making it family, the deal bolsters Uber’s position as a global player against rival Lyft as both head for a public listing.

Eric Newcomer, Bloomberg | 4 years ago
Uber Buys Middle East Rival Careem for $3.1 Billion

Rental Cars

China’s Ridehailing Giant Didi to Cut 2,000 Jobs as It Revamps Strategy

Didi Chuxing has a string of problems now, among them a poor safety image, fresh competition from players such as Meituan Dianping and China's cooling economy. A re-evaluation of its businesses is needed.

Lulu Yilun Chen, Bloomberg | 4 years ago
China’s Ridehailing Giant Didi to Cut 2,000 Jobs as It Revamps Strategy

Rental Cars

Indonesia’s Go-Jek Seeks $2 Billion More in Funding as Startup Wars Heat Up

This is a battle of titans in the ridehailing sector in Southeast Asia. And with Go-Jek and Grab angling to become the region's super-app, providing a plethora of services from insurance to payment, describing them as ridehailing players will soon no longer do.

Yoolim Lee, Crystal Tse and Joyce Koh, Bloomberg | 4 years ago
Indonesia’s Go-Jek Seeks $2 Billion More in Funding as Startup Wars Heat Up

Rental Cars

Parent of Thailand’s Centara Hotel Chain Eyes a $200 Million Stake in Grab

Thailand’s Central Group, which owns hotels, restaurants, supermarkets and department stores, now wants to grab a piece of ride hailing. Why not? For one, imagine the promotions it can push, via the Grab Thailand app, to a captive audience sitting restless in snarling traffic.

Yoolim Lee and Natnicha Chuwiruch, Bloomberg | 4 years ago
Parent of Thailand’s Centara Hotel Chain Eyes a $200 Million Stake in Grab

Online Travel

VW-Backed Gett Ponders Its Strategy as Other Ridehailing Apps Pull Ahead

Tel Aviv-based Gett aims to overtake Uber and Lyft. But some investors like Volkswagen and Vostok, a Swedish fund manager, aren't adding in more money. The lack of capital is hindering the startup's pace.

Giles Turner, Ruth David, and Manuel Baigorri, Bloomberg | 4 years ago
VW-Backed Gett Ponders Its Strategy as Other Ridehailing Apps Pull Ahead