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<strong>Uber</strong> drivers using their own vehicles or <strong>TLC</strong> rental are the more popular choice<br />
for those who business travel<br />
Friendly<br />
Friendly <strong>TLC</strong> <strong>Rental</strong>s & Leasing<br />
718 3rd Avenue Brooklyn, NY 11232<br />
7189651380<br />
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PressReleasePing - June 28, 2018 -The recent upswing in the<br />
US economy is making strong changes to the habits of business<br />
travelers. One of the more interesting trends is how those who<br />
Friendly is one of the leading <strong>TLC</strong><br />
car rental and <strong>TLC</strong> leasing companies in<br />
New York.<br />
travel frequently for business are using rideshare programs like <strong>Uber</strong> and Lyft over traditional taxi cabs. This means for<br />
anyone considering driving their own vehicle or using <strong>TLC</strong> car leasing to obtain a qualified vehicle for <strong>Uber</strong> driving has<br />
an even stronger reason to become a rideshare driver.<br />
Increase in <strong>Uber</strong> & Lyft Usage<br />
A study by Certify, an expense management firm, showed that over 68% of the travel receipts from corporations who<br />
have employees that travel for business used rideshare programs like <strong>Uber</strong> and Lyft over taxi cabs in 2017. This is a<br />
remarkable rise in usage compared to 2016 when 56% of all receipts from ground transportation were from <strong>Uber</strong> and<br />
Lyft.<br />
In addition to preferring rideshares over taxis, the study also showed that fewer business travelers are renting vehicles<br />
as well. The rental of vehicles in 2017 represented 25% of the market, an 8% drop, while the use of taxis fell 4% to<br />
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Friendly, <strong>TLC</strong> R…<br />
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account for only 7% of the total use of ground transportation. This trend is expected to continue as the economy heats<br />
up and businesses expand their travel services to their employees.<br />
<strong>Why</strong> is this Happening?<br />
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The rise in usage for <strong>Uber</strong> and Lyft over the past three years has been remarkable and the shift appears to be more<br />
than simply the presence of more Lyft and <strong>Uber</strong> drivers, whether they use their own vehicle or a <strong>TLC</strong> car rental for their<br />
rideshare services.<br />
One big reason why this is happening is the souring of business travelers over the use of rental vehicles. While the<br />
S&P 500 has soared over 41% over the past three years, major car rental firms such as Avis and Hertz have dropped<br />
precipitously. Avis Budget Group stocks have dropped about 19% while Hertz has plummeted by over 71% in the same<br />
three-year period.<br />
The drop in stock prices relates to the drop in business that the major rental car companies have seen as business<br />
travelers are now relying on rideshare programs more than ever. The major reason seems to be the combination of<br />
convenience and cost that makes <strong>Uber</strong> the better choice for those who travel frequently.<br />
Despite the convenience of major car rental firms being located at airports, business travelers are preferring to simple<br />
call or text an <strong>Uber</strong> driver to take them to their destination. The reduction in cost is considerable, even when compared<br />
to traditional taxi services. Plus, the convenience of calling from anywhere at anytime is also a plus for business<br />
travelers.<br />
For those who are considering driving for a rideshare company like <strong>Uber</strong> or Lyft, the opportunities are only growing<br />
thanks to the increase in usage from business travelers. For those who have qualifying vehicles or use the services of<br />
<strong>TLC</strong> car leasing or rental, this represents a powerful opportunity to build up a second income stream.<br />
View Related News<br />
Category: Automotive<br />
Region: North America<br />
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For Lyft , Cars For <strong>Uber</strong> , Drive For <strong>Uber</strong> , <strong>TLC</strong> <strong>Rental</strong>s<br />
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