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.”
One of Ibiza’s hottest restaurant destinations since its opening five years ago, Bottega il Buco, draws legions of fans with the addition of new head chef Max Rivera Papic, whose kitchen credits include skills honed under the tutelage of Alain Ducasse at The Dorchester, London.
Copa Airlines is celebrating its 75th anniversary by showcasing a Boeing 737-800 NG in an aircraft livery that harkened back to the airline’s look in the 1990s. During that time, Copa Airlines launched an expansion of their network to become the Hub of the Americas®, changing the way to travel to and connect in our Continent.
Ski season is around the corner. Now is the perfect time to plan your winter ski getaway. These Colorado resorts offer deals designed for skiers.
This holiday season, give your loved ones a gift from around the world to create memories that last a lifetime.
When American travelers make plans to visit Portugal, Lisbon is usually their first stop.
Lodging and hospitality company Angama announced the November 2023 opening of Angama Amboseli, an intimate, 10-suite lodge set in Kenya’s private, 5,700-acre Kimana Sanctuary, against the iconic backdrop of Mount Kilimanjaro, located just across the border in Tanzania.
Costa Rica prepares to welcome its first Waldorf Astoria Hotels & Resorts property, slated to open in 2025. Waldorf Astoria Guanacaste will boast 190 guestrooms, as well as 25 Waldorf Astoria-branded residences, all offering sweeping views overlooking the ocean. A presidential suite will also grace the property.
THE MOST EXCLUSIVE TOURS OF EGYPT EVER OFFERED with the world’s most eminent archaeologists
West Coast travelers can now enjoy easier, more efficient access to the Cayman Islands thanks to a new airlift option via Cayman Airways Ltd. As of Nov. 6, Cayman Airways operates nonstop service from Los Angeles International Airport to Owen Roberts International Airport in Grand Cayman at an introductory fare of $399.