Business Travel Expected To Grow 24% By 2023
Development of the tourism industry, rise in globalization, and rapid increase in small- and medium-sized enterprises are driving the increase.
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The reality, however, is more complicated.
The “Taxi & Limousine Services in the U.S.” report from IBISWorld shows luxury and sedan corporate car services account for 13.9% of the total ecosystem, while taxis account for about two-thirds of the market.
Car service use is on the rise in general, after losing ground to TNCs from 2012 to 2015, according to the report. Regardless, revenue and employees grew over the same time period when car services and taxi companies lost market share to company's like Uber and Lyft. It pegs the segment’s revenue at $19.6 billion with a $1.7 billion profit, showing how expensive it is to run a car service company.
Related Topics: business travel, corporate travel, industry trends, Lyft, research and trends, taxis, TNCs, Uber
Development of the tourism industry, rise in globalization, and rapid increase in small- and medium-sized enterprises are driving the increase.
The industry's emerging professional group gears up to lead operators toward more business resources and connections.
Of all the fares Jalopnik examined, Uber kept 35% of the revenue, while Lyft kept 38%.
Operators react to a recent report that states an increase in the number of females joining the industry.
Staying fit for long hauls behind the wheel can reduce risks to passenger safety.
It comes down to uncertainty, making consumers more cautious and businesses more likely to cancel travel.
Internet booking for high-end travelers is not all that convenient or accurate. There's nothing like human expertise and connections.
Embrace the growing desires for personalized service, reliable transport, exclusivity, and positive professional interactions with staff.
The average anticipated outlay on vacations this summer is $2,037, topping $2,000 for the first time since 2010.
JUNE/JULY Editor's Edge: The 2019-2020 Fact Book marks a new season for the industry and sets a positive agenda for the years ahead.
JUNE/JULY LCT: Revenues and profits look strong while the motorcoach business booms.
Blacklane reveals Columbus, LaGuardia, and Phoenix lead in the U.S., and Luxembourg and Munich excel worldwide.
The survey shows an industry that serves a broad range of customers and moves them with great fuel efficiency.
The Ford Expedition lands in first place, overtaking the Excursion from the previous study's results.
A recent report states the TNC has produced massive amounts of private wealth without benefits for consumers, drivers, or the cities it operates in.
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