Uber Supplants Business Travel Car Rentals In Latest Report
Photo courtesy of Thinkstock
Uber and Airbnb had a fantastic year in the business travel sector, as did Starbucks, which you already know because these are the three entities you are increasingly using out there on the road.
This is just some of the intriguing details pouring out of travel and expense service Certify’s third annual SpendSmart report.
First is a wonderful infographic entitled The Changing State of Business Travel, and it comes bearing wonderful info gifts.
The information comes thanks to Certify’s data from 2015, especially a fourth quarter that went to budding innovations that continue meteoric rises thanks to business travelers.
In the first graphic you will notice that Uber had an annual growth of 417 percent.
Most intriguing is what occurred in the fourth quarter as it eclipsed car rentals as the “percent of total rides nationally.”
While corporate budgets accounted for car rentals at a clip of 39 percent, Uber rides were expensed at 41 percent.
Now this doesn’t tell the entire story of how the car rental market is doing, it certainly illustrates, however, that more travelers are willing to have someone else do the driving than taking out a car on their own.
Image courtesy Certify
And, as you can plainly see, Airbnb deserves recognition for meandering into the marketplace at claiming a sizable chunk of reservations.
According to Certify, expensed travel accounts for a 259 percent overall growth.
Now there are more things to glean from what is Certify’s quarterly report, which highlighted where most of you get your caffeine fix.
Image courtesy Certify
As far as expense reports go, it’s ubiquity that rules the day. Starbucks, McDonald’s and Panera Bread are travelers' go-to destinations for sustenance.
And as far as other corners of the industry, the last quarter shows that you lean toward Marriott and Delta when planning that next business trip.
Robert Neveu, CEO, Certify, expounded on the information that showed a rise in what is a growing sector of the travel industry: sharing.
Neveu states, via a press release: “In the three years since the Certify SpendSmart Report was first released we’ve seen the relative strength of the economy reflected in key sectors of the business travel market. Prices have risen steadily along with demand for traditional travel services, and for the most part we haven’t seen a lot of fluctuation in expense amounts or the vendors preferred by most travelers. What we couldn’t have anticipated back in 2013 was the phenomenal growth of Uber and the impact it and other sharing economy services would have on corporate travel today. It’s a story that will continue to unfold for years to come.”
And those years, we presume, will go to the services that allow for a bit more versatility and ease for the business traveler.
Road warriors are under enough stress. It makes sense they would hire a ride via Uber than have to go through the rigmarole of driving amid unfamiliar roads.
For more Business Travel News
More by Gabe Zaldivar
Get Travel Deals and Travel News
Recent Travel Opinions
Features & Advice
Airlines & Airports
Destination & Tourism