Business Travelers Are Now Using Uber More Than Rental Cars

2 min read
This story originally appeared on Fortune Magazine

It turns out, you’re not the only one taking Uber rides for work.

After steadily increasing in popularity among business people, Uber finally trumped rental cars when it came to business expenses, according to a report released on Thursday by expense software company Certify. While Uber rides made up 41 percent of expensed rides during the fourth quarter of 2015, rental cars only made up 39 percent. Meanwhile, Uber rides overtook taxis rides two quarters ago.

For its report, Certify analyzed more than 9 million receipts and travel expenses for the last quarter of 2015, and over 30 million receipts for the entire year, a spokesman told Fortune.

Among other transportation options, the report notes that Lyft rides have seen a 712 percent growth over 2015, while taxi rides have fallen from 35 percent of overall rides in the first quarter of the year to a mere 20 percent in the fourth quarter.

Other on-demand services also saw their portion for business expenses increase over the past year. HotelTonight, which lets customers book last minute hotel rooms, saw a 1050 percent growth from the first quarter of 2015, while home-sharing and hotel alternative Airbnb saw a a growth of 259 percent over the same period of time.

After seeing an increase in business travel bookings, Airbnb released a revamped dashboard for corporate travel managers last summer in an effort to bolster business bookings. On-demand meal delivery startups Postmates, Doordash, and Sprig also saw considerable growth, according to the report.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.