Business travelers are now choosing Uber over rental cars

Business Travelers

Business travelers prefer the convenience of Uber over taxis and rental cars, according to a report from Certify.

In its report released on Thursday, Certify says Uber business expenses recently beat out rental car expenses in the United States.

While Uber rides made up 41% of expensed rides during the fourth quarter of 2015, rental cars accounted for only 39%. Uber overtook taxis rides two quarters ago.

Certify, an expense reporting company, analyzed more than 9 million receipts and travel expenses for the last quarter of 2015, and over 30 million receipts for the entire year.

Lyft rides have seen a 712% growth over 2015, while taxi rides have fallen from 35% of overall rides in the first quarter of the year to just 20% in the fourth quarter.

On-demand services have been the biggest winners among the industry. HotelTonight, which lets customers book last minute hotel rooms, saw a 1050% growth from the first quarter of 2015, while home-sharing and hotel alternative Airbnb grew by 259% over the same period.

Many companies in the ride-sharing and hotel booking spaces have focused their efforts on offering business-specific options, such as Airbnb Business, which provides companies with immediate access to expense reports and booking options.

Written by John Howard

John Howard

John Howard is the Business Editor at BusinessPundit.com. He is an avid watcher of markets, a wallflower of retail, and a fan of disruptive businesses that utilize technology and unique ideas to form brilliant new ways of doing business. He can be reached at Student Loan Ninja