Indhumathi D

Car rental is one of the first segments gaining momentum after the slump faced by the transportation industry following the COVID-19 outbreak. As we are still in the recovery phase, there is a decreased availability of public transit. Besides, the uncertain safety standards of public transport service compel commuters to go for alternatives.
The tourist community, in particular,  has started opting for rental vehicles to take long trips without compromising on personal safety.

Indhumathi D

Driver retention is one of the major problems faced by taxi service providers in the wake of the global pandemic. The spread of hazardous infections and a temporary plunge in ride volumes compelled drivers to keep away from their professional responsibilities. Now that the commuters are switching to the new normal, the ride volume is increasing and ride-hailing service providers ought to strengthen their workforce to convert incoming opportunities into revenue.

Indhumathi D

The global pandemic has influenced us to switch to a new normal lifestyle with strict adherence to social distancing. The inevitable need to avoid human contact in public spaces has resulted in the massive growth of the cashless economy. In fact, Visa, a leading payment technology company, claims to have witnessed a whopping growth of 187% in online cash transactions since April 2020.

Indhumathi D

The global pandemic did take a toll over the ride-hailing industry for the past few months. However, the sector has started regaining its prospects as commuters are gradually switching to the new normal.
Now is the time to start your ride-hailing business and if you can rightly address the market demands in sync with the new lifestyle, you can achieve business growth in a short span of time.

Indhumathi D

Though the COVID-19 pandemic hit ride-hailing hard, the industry is now gradually booming again. In fact, it is predicted to attain a growth of up to 55.9% and the market revenue is expected to hit 120 million USD in 2021 from 76 million USD in 2020. Service providers are now coming up with new enhancements to ensure maximum safety for both passengers and drivers.

Indhumathi D

Businesses face ups and downs but what really matters is how entrepreneurs manage risks and stand their ground amid a crisis. The same applies to the ride-hailing industry. Leading service providers have always managed to overcome crises including the COVID-19 pandemic all by devising innovative strategies to handle the situation better and keep their businesses going even during these uncertain times. Ultimately, failure is just a phase and good times are not far behind.

Indhumathi D

Over a few years, bike-taxis are gaining momentum by solving the last-mile connectivity problem of the commuters. After COVID-19, the global pandemic which has restricted people’s movement and their use of public transit, bike-taxis can be the best mobility option. Here is how bike-taxis can benefit transport-based businesses and their potential customers.