WASHINGTON, DC - APR 4:  The Uber driver app on the windshield
Business travelers are taking more rides with Uber than with any other transportation provider.  Photograph by The Washington Post/Getty Images

Uber Beats Rental Cars In Business Travel For The First Time

Jan 21, 2016

In the second quarter of 2015, Uber fares overtook traditional taxi fares as a portion of ground transportation receipts for business travelers for the very first time.

Now the ride-sharing-platform has surpassed another stalwart of the corporate expense report: rental cars.

In the fourth quarter of 2015, expense management system provider Certify found that Uber made up 41% of all ground transportation receipts among Certify clients, while car rentals constituted 39%. The remaining 20% went to taxis.

At the start of 2015, Uber made up 29% of all ground transportation trips. Its surge to 41% in the final quarter of the year is a result of its 417% annual growth from fiscal year 2014 to fiscal year 2015.

Uber rival Lyft also reported tremendous growth—712%—as a portion of corporate travel in the past year, but its share is still too small to show up in the break-down of ground transportation.

Business travelers are also increasingly turning to sharing economy companies for their lodging needs. Room-share platform Airbnb reported 259% growth last year, while expenses charged to Hotel Tonight, a booking app that laid off 20% of its staff in November, increased 1050%.

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