01626266

Component

Ride-hailing, or ride-sharing, companies continue to penetrate the market of transportation-for- hire services in major metropolitan cities all across the globe, both revolutionizing travel and redefining the taxicab industry. Since the fall of 2015, Las Vegas, Nevada, was added to the ever-growing list of metropolises with such ride-hailing companies (RHCs) as Uber and Lyft. For cities whose economies are built predominately on the foundations of tourism, questions inevitably have been raised regarding the effects that RHCs have on the transportation system, in particular, the taxicab industry. In Las Vegas, services such as Uber (Uber Technologies Inc.) and Lyft (Lyft.com) compete with the taxicab industry for users within the resort corridor and across the valley. In this study, a multinomial linear regression analysis used a multi-modal, time-series travel dataset to capture the effects of RHCs on taxicab ridership. After controlling for a number of explanatory variables, including the total number of monthly visitors, transit ridership, and several other economic indicators, the results showed that RHCs do have a negative, and significant, effect on taxicab ridership. A perhaps counterintuitive finding was that transit ridership actually complements taxi ridership, instead of competing directly with the taxi industry; this could have significant implications moving forward.

This paper was sponsored by TRB committee AP020 Standing Committee on Emerging and Innovative Public Transport and Technologies.

01618707

17-00776

English

14p

2017

Transportation Research Board 96th Annual Meeting

Digital/other

Figures; References; Tables

Impacts; Linear regression analysis; Ridesharing; Taxicab companies

Lyft; Uber

Las Vegas (Nevada)

Planning and Forecasting; Public Transportation

Transportation Research Board Annual Meeting 2017 Paper #17-00776

TRIS, TRB, ATRI

Dec 8 2016 10:11AM