Uber and Airbnb Welcome Corporate Travelers to the Sharing World
For a moment, at least, two of the buzziest Internet startups are sharing the spotlight with a less-than-sexy corporate expense management company. Uber just introduced a way for users to bill cars directly to their employers through Concur, which helps about 23,000 businesses with travel and expense management. The move comes one a day after Airbnb announced a similar program for lodging found on its website.
For Uber and Airbnb, the business market is a logical outgrowth of their consumer businesses. Direct spending on business travel totaled $266 billion last year, according to the U.S. Travel Association, although the figure includes much more than payments for hotels and cars. The limousine and town car industry brings in $6 billion per year, with luxury and corporate services making up the largest slice of that pie, according to IBISWorld.