Ride hailing, which uses app-based ride services, didn’t exist 10 years ago, but is now valued at $61.3 billion worldwide. That number is expected to grow to $218 billion by 2025.
Increasing urbanization and slowing car ownership rates are leading to a boom in the trend. A report from research firm Marketsandmarkets said not only are cab alternatives like Uber and Lyft growing, but also “micro mobility” options like bike- and scooter-sharing services.
The report said “corporate car sharing” is expected to grow — when companies provide cars for employees who commute or travel for business. It’s being hailed as a more economical alternative to keeping a fleet of company cars.
“The demand for corporate car sharing is expected to grow as people riding to offices are likely to travel on the same route,” according to the report. “Thus, it is much easier to find co-passenger with ease and less waiting time.”
The biggest growth in the ride-hailing business is anticipated to come in the Asia/Oceana market “due to a growing population and rising urbanization in emerging economies such as China and India,” the report said. “Factors such as increasing urbanization and rising traffic congestion are likely to drive the demand for ride-sharing services.”
For all its cosmopolitan trappings, Singapore remains, at heart, a tropical island. The city planners determinedly preserved gennery and the high groves of concrete and glass, and for a complete escape from urban bustle there still remain patches of the jungle and mangroves that covered the island when Sir Stamford Raffles first established a trading outpost here in 1819.
In this era of 6,500-passenger mega-ships, any cruise vessel conveying fewer than a thousand voyagers is considered a small ship, including high-end luxury liners, deluxe expedition ships and the world’s riverboats. The focus on many small ships is the destination rather than the conveyance, the expert chat rather than the Broadway show, the watersport rather than the casino, the scenery and culture rather than the full-service spa and specialty restaurant. Passengers make a travel style choice, forgoing the options and pleasures of a resort-sized vessel for the deeper, more immersive experience of a yacht-scaled ship.
The biggest names in the Middle East sporting community will gather for the Sports Industry Awards as the event returns for its eighth edition. SPIA recognizes the achievements of individuals, organizations, facilities and campaigns that contributed to the development of sport in the region.
Air Tahiti Nui resumed service from Los Angeles (LAX) to Papeete (PPT) last week. To welcome travelers back to French Polynesia, Air Tahiti Nui offers fares starting as low as $775 round-trip from Los Angeles, and $789 from San Francisco (SFO). The airline also allows a free date change on all of its tickets.
Turkish Airlines, already flying to more countries than any other airline, announced its 10th U.S. gateway: Newark Liberty International Airport. Service will launch May 21, with four flights per week between EWR and Istanbul (IST). Beginning June 1, the frequency increases to daily.
Magdalena, a Maryland Bistro in The Ivy Hotel partnered with Uncle Nearest premium whiskey to create a Preakness-inspired cocktail ahead of this weekend’s event. The Laws and Lilies libation honors the contributions of Black jockeys in the early days of American horse racing. Emmanuel S. West, Jr., director of food & beverage, The Ivy Hotel, crafted the cocktail using Uncle Nearest’s 1856 Premium Whiskey.