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Passengers save time, money and boost local spending because of ridesharing
ORLANDO, Fla., Dec. 12, 2016 /PRNewswire/ — A new economic survey released today by Lyft reports the local Orlando economy will see an extra $22.6 million in 2016 thanks to the availability of Lyft’s affordable, convenient rides. Conducted by the Land Econ Group, the study also showed passengers in Orlando will save $8.9 million and over 296,000 travel hours this year alone because of Lyft.
“Based on survey results from tens of thousands of Lyft users, we found that Lyft creates a significant positive economic impact in each of the twenty metro regions we have studied,” said Bill Lee, Senior Partner at Land Econ Group. “Passengers have responded to the significant time savings and enhanced mobility Lyft provides by visiting local businesses more often, staying out longer, and exploring new areas of their city that are otherwise difficult to reach.”
The national survey examined over 20 Lyft markets across the country, including Orlando. In 2016, local economies will see over $750 million in additional spending due to the availability of Lyft. Access to Lyft also meant that passengers saved over $500 million and 26 million travel hours compared to alternative transportation modes.
“It’s exciting to see how Lyft is driving economic growth and encouraging local spending in Orlando,” said Jaime Raczka, Lyft’s General Manager of Early Stage Markets. “The benefits of Lyft are clear, and through this data, we can see the many social and economic benefits Lyft is providing for the people of Orlando and across the country.”
In Orlando, the study also found:
97% of Lyft drivers are employed or seeking employment, students, or retired, the highest of the 20 cities surveyed
53% of Lyft drivers have at least one child in their household, also the highest among the cities surveyed
47% of Lyft drivers have had a lasting, positive community connection (e.g. friendship or business contact)
89% of passengers are more likely to avoid drinking while intoxicated because of Lyft
50% of passengers use their personal vehicle less because of Lyft
Additional information on Lyft’s 2017 Economic Impact Survey can be found here.
Lyft was founded in June 2012 by Logan Green and John Zimmer to reconnect people and communities through better transportation. Lyft is the fastest growing rideshare company in the U.S and is available in more than 200 cities. Lyft is preferred by drivers and passengers for its safe and friendly experience, and its commitment to effecting positive change for the future of our cities.
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