Ride sharing giants Uber and Lyft account for over half of the US ground transportation category, a study from travel and expense management firm Certify has found.
Analysis of more than 10 million business traveller receipts showed both apps make up 52 per cent, with taxi down more than 63 per cent since the first quarter of 2014.
It found that Uber and Lyft are bigger than taxis and car rental combined in the US for business travel.
The Certify Spend Smart report tracks business travel expense spending across major categories such as meals, airlines, lodging and car rental. The report highlights top vendors and emerging trends through the analysis of data from millions of expenses and receipts processed by the Certify cloud-based expense reporting system.
“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, CEO, Certify.
“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.”
The ride-sharing boom shows no sign of slowing with Google ready to launch its own service with tests currently around its headquarters in California.
Google is using its Waze traffic app to operate this service – The Waze app offers real-time driving directions and updates on traffic jams in order to help drivers get to their destination as fast as possible.
The Certify study also showed most expensed car rental firms and airlines. National took 25 per cent of the share of car rental followed by Hertz (15%) and Enterprise (15%).
The most expensed airlines by US business travellers were American (20%), Delta (20%) and United 14%).
Read the full report here.