Lyft Gains on Uber in U.S. Business Travel, Doubling Share
- Lyft nabs 9 percentage points of market share from Uber
- Ride-hailing has 71 percent of U.S. ground business travel
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Lyft Inc. made major strides with American business travelers, nearly doubling market share at the expense of the market leader, Uber Technologies Inc.
The San Francisco-based startup accounted for 19 percent of ride-hailing usage among business customers last quarter, up from 10 percent a year ago, according to data from Certify, a travel and expense software provider. Uber still has 81 percent of the market, but the trend suggests missteps by the company last year are taking a toll.