More travellers are hopping rides with ride-hailing services such as Uber, Ola and Didi, taking more business away from car rental agencies and the taxi industry,  according to a new report.

The number of trips taken with the ride share services by corporate travellers nearly doubled in the first quarter of this year compared with the same period in 2020, according to an expense management company.

Most companies now consider ride-sharing an acceptable way for their employees to get around when traveling for business. And “It’s convenience and quality” that is increasingly driving business travelers to choose such services over cabs.

That convenience also can make an Uber or Ola ride preferable to renting a car. Many “rental car centers are not at the airport, they’re miles away.

Recognizing the potential of the corporate travel market, Uber launched Uber for Business in July 2014, a platform that allows corporate travelers to charge their rides to their businesses. The employers get trip details directly from Uber, removing the need for paper receipts.

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