Lyft gaining ground on Uber in business travel market share
Lyft is gaining traction in business travel market share from ride hailing rival Uber.
The use of Lyft by road warriors nearly doubled in the first quarter of 2018 compared to a year ago according to expense management service provider Certify.
In a new Q1 2018 SpendSmart report, it says Lyft has a 19% share of the business travel ride-hailing market, up from Q1 10% in 2017.
In 2014, it has just 1% of the market.
Still, there is a long way to go yet for Lyft to seriously challenge Uber, which holds about 81% market share of business travel, although it has been steadily falling from a high of 95% in Q1 2016.
"Lyft’s jump is the biggest surprise of Q1. As Uber experienced change in its senior leadership team and challenges in various markets, Lyft stayed the course and gained market. It will be very interesting to see if Lyft is able to maintain this level of usage in the business travel space," said Robert Neveu, president and CEO of Certify.
Overall, Lyft and Uber dominate business traveler ground transportation with a combined 70.5% of all ground transportation receipts.
The rental car market has 23.5% and conventional taxis account for just 6%.
San Francisco is unsurprisingly the most ride-hailing friendly city with 99% of the market.
Dallas, LA and Boston are also among the most popular for ride hailing among business travelers.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
TAP Air Portugal to operate 29 flights due to strike on December 11
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Airbnb eyes a loyalty program but details remain under wraps