WASHINGTON and NEW YORK and LONDON -- The sharing economy has been steadily growing with companies such as Airbnb, Uber, and Lyft joining the market in the past few years. As the leading provider of business intelligence, MarketResearch.com is pleased to offer insights into the sharing economy and what the future of this industry may look like.
In a blog posted this month, MarketResearch.com shed light on how the sharing economy is influencing the travel industry. Companies such as Airbnb and Uber are taking peer-to-peer vacation rentals and transportation to a whole new level, creating new competition for hotels and cab companies.
To see that blog, visit: http://hubs.ly/H01zl0F0
Between their entry to the market in 2009 and November 2014, Uber had expanded to over 100 cities across three contents, with a valuation of about $17 billion in July 2014, according to a report. Earlier this month, it was announced that Uber could value as high as $64.6 billion, given their latest stock prices. With their fast expansion and the introduction of new competitors such as Didi, Ola, and GrabTaxi, this industry is one that remains under close scrutiny.
According to a report by EuroMonitor, although apps and services that promote the sharing economy have become increasingly popular, the future remains uncertain. There are many legislative challenges that have arisen, such as the introduction of new regulations that will govern Uber and other ride services to ensure that all drivers are treated as independent contractors.
To see the reports discussed, visit:
Uber Technologies Inc.: Calling a Cab for the Taxi Industry?
Travel and the Sharing Economy