Is it possible that all the taxes and fees we have to pay to rent a car have driven more people to Uber/Lyft, and now Vegas and Clark County are receiving less revenue than before they started gouging us?
We don't have any numbers on rental cars alone; deciphering the Clark County financials is a bit above our pay grade. But empirically, we can say that there's no doubt about it: Uber and Lyft have cut significantly into revenues from not only rental cars, but taxicabs, the Monorail, even Strip buses. This is true everywhere and the phenomenon is known as the "Uber effect."
We can give one example of it with hard numbers.
The Southern Nevada Regional Transportation Commission reported recently that revenue from Strip bus ridership has fallen by nearly $7 million in the past five years; that's 30% -- a major decline, especially given near-record highs in visitor volume.
To counter the Uber effect, the RTC launched a pilot ride-hailing program in May, an app-based service between the airport and the resort corridor in 11-seat vans.
In the first 100 days of operations, the only numbers that we've seen, the vans transported 18,000 riders on 5,600 trips, generating $74,000 in revenue, an average of $4.11 per rider, which is extremely competitive with Uber/Lyft.
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thebeachbum
Nov-04-2019
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Ray
Nov-04-2019
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Dave
Nov-04-2019
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David
Nov-04-2019
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jay
Nov-04-2019
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Kevin Lewis
Nov-04-2019
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Anthony de Jesus
Nov-04-2019
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gaattc2001
Nov-04-2019
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gaattc2001
Nov-04-2019
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Jon Anderson
Nov-04-2019
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Gregory
Nov-06-2019
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