Certify Survey Shows Major Growth For Uber, Lyft In Business Travel
Photo courtesy Thinkstock
Certify, a travel expense management provider, unveiled results of its Q2 study of the travel industry, and let’s just say it was a good quarter for ride sharing companies Uber and Lyft.
Certify scoured its information – amounting to some 10 million business receipts and expenses – and came back with a detailed look at the travel landscape, which gives us an immediate glance at how travelers are moving from home to that vacation spot or business destination.
When it comes to ground transportation, we might as well just crown Uber and Lyft who are dominating the market both with ubiquity and with the number of people that using those services in major markets—commanding “49 percent of the overall ground transportation category nationwide.”
An innovation that wasn’t even on the tip of travelers’ tongues just a few years back is inching towards a majority of a major portion of the travel market.
Robert Neveu, CEO, Certify, explains the shift among corporate travelers is all too real: “Our data shows the real-time transformation of the ground transportation category and how modern business travelers have wholly embraced ride-hailing services like Uber and Lyft."
Neveu continues, asserting that quite possibly this is only the beginning among services all over the industry.
“The market continues to grow at an incredible pace," he said, "and competition is getting sharper and more sophisticated. I think what we’re seeing now is really the emergence of the kind of market forces you find in more mature industries. Forces that will invariably drive downward pressure on pricing, as well as an increased demand for new and better services in the future. Ride-hailing was bent on disruption from the beginning, and by the looks of it there’s a lot more change to come.”
Now, there are some other mighty intriguing figures to come out the Q2 survey, of which you can find in the graphic below, which compiles stats on ground transportation trends.
However, there are some other findings we rather enjoyed. For example, we get to see stomachs take those business travelers.
Based on expense returns, Starbucks, Subway and McDonald’s remain the most popular choices for Breakfast, lunch and dinner respectively. We say you all need to get out more and bypass speed with culinary diversity. Just a thought.
As for top-rated, expensed meals, those come from fast food chicken purveyor Chick-fil-A.
JetBlue and Hilton also come in as top-rated airline and hotel by comparison.
Here’s to another successful quarter, which will presumably come by Uber and bear fast food in the rider’s arms.
Image courtesy Certify
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