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Have something you want Kai to explain about the economy? Let us know!

Uber picks up more corporate business

Tracey Samuelson Apr 8, 2015
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An increasing number of workers are turning to Uber to get around. The ride-sharing company handled 47 percent of car rides expensed through the processing company Certify last month, up from 15 percent in March 2014. Rohit Verma, a professor at Cornell University’s School of Hotel Administration says since they’re not spending their own money, business customers are generally more focused on convenience than price.

In many cities in the US, using Uber  can be more convenient than hailing a taxi on the street. It’s certainly more convenient payment and tip-wise. And finally, to use a buzzword loved by Silicon Valley, Uber can provide a seamless experience both for the user and the company: if a firm signs up for Uber Business, the worker doesn’t even have to file an expense report. 

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