Uber Beats Rental Cars In Business Travel For The First Time

January 21, 2016, 8:00 AM UTC
WASHINGTON, DC - APR 4:  The Uber driver app on the windshield
WASHINGTON, DC - APR 4: The Uber driver app on the windshield of former Washington Flyer taxi driver Ali Jaghori. Jaghori now drives soley for UberX. Thousands of local car owners have signed up in recent months to drive with one of the "ride-share" operators that use smartphone apps to link people needing rides with car owners willing to give them, for a price. (Photo by Evelyn Hockstein/For The Washington Post via Getty Images)
Photograph by The Washington Post/Getty Images

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%.