Friday, July 17, 2015

The Uber v. taxi battles goes corporate and
the ride-sharing app wins. A new report Thursday
confirms what corporate travel departments have known for some time: business
travelers love Uber. In its second quarter report, the expense management
system provider Certify found that Uber made up 55% of ground transportation
receipts, while taxis accounted for 43%. It was the first time in Certify's
history that expenses for the ride-sharing service surpassed those for
traditional taxis. The figures reported in the second quarter represent a
big leap from the prior quarter. In that three-month period, 53% of
transportation expenses came from taxis, while 46% were attributable to Uber.
</embed> "It's clear that the sharing economy is here to stay for
business people," Robert Neveu, CEO of Certify, said in a statement. The
company, which gathers its data from users of its management systems, has also
seen an uptick in the use of Lyft and Airbnb. "We believe this market
shift is based on both convenience and price, since these newer services are
typically more cost-effective compared with traditional vendors," Neveu
said. "Established travel providers will need to adapt quickly or face
further market share erosion to the sharing economy. " This article
originally appeared on Fortune. com. More from Fortune:
• Battle-tested Marine Corps' drone to hit the commercial market
• That European summer vacation just got a whole lot cheaper
• This is the cheapest Jaguar you can buy Did
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Article L. A. 's Best Beachside Eats A new report Thursday confirms
what corporate travel departments have known for some time: business travelers
love Uber. In its second quarter report, the expense management system
provider Certify found that Uber made up 55% of ground transportation
receipts, while taxis accounted for 43%. It was the first time in Certify's
history that expenses for the ride-sharing service surpassed those for
traditional taxis.

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