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.”
WhereverFamily, a web publication, a trusted travel source for the modern family and part of the FXExpress Publications, Inc., family of publications, which includes Global Traveler and trazeetravel.com, announces the winners of its Wherever Awards for the fourth year.
The Sports Industry Awards returned with a bang last night as 200 guests packed the W Hotel Great Ball Room for the gala ceremony.
Trazee Travel, a web publication and part of the FXExpress Publications, Inc., family of publications, which includes Global Traveler and whereverfamily.com, announces the annual winners of The Trazees. This is the seventh year for the web publication’s awards.
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.
With more companies around the world becoming more environmentally friendly, American Airlines recently announced it committed to set a science-based target for reducing greenhouse gas emissions. This move will sharpen the company’s strategy for reaching net-zero emissions by 2050 and aligns its path with the global imperative of limiting temperature rise to well below 2 degrees Celsius.
Baros Maldives, situated on one of the only natural private islands in the Maldives, created a three-day detox program for guests. On day one, guests enjoy a scrub and detox massage, with day two including a private yoga session and full-body detox wrap. Day three brings a detox bath followed by a lymphatic drainage massage.
As more travelers return to the skies, American is here every step of the way to ensure an elevated and seamless journey. Experience flying freedom with AirPass, American’s all-inclusive, pre-paid travel membership program.