What has the rise of Uber and Lyft done to the taxi business in Vegas?
The short answer: a major rise in competition, thus a major drop in market share, revenue, airport pickups and dropoffs (the bread and butter of the taxi industry), and income of individual cabbies.
None of that's a secret; in fact, it's self-evident that the rideshare companies have significantly disrupted the traditional taxi and limousine business. Why? First, app-based booking better fits traveler behavior, especially tech-savvy visitors. Second, the convenience and transparency of rideshare pricing have helped Uber and Lyft gain favor. And third, rideshare pickup and drop-off areas at the airport and major resorts have become standardized, reinforcing their dominance.
Want some hard statistics? In July 2014, according to the Nevada Taxicab Authority, Las Vegas cab drivers provided upwards of 27 million rides. In 2019, only five years later, four years post-Uber, and one year pre-pandemic, that number had dropped 44% to 15.2 million.
Another study we saw from a transportation analyst reported that taxi trips in southern Nevada decreased by nearly 14% in 2017 compared to 2016 and over two years (2015–2017), ridership dropped by nearly 28%. As for revenue, from 2015 to 2018, it plummeted by 39%, from $425.1 million to $260.3 million. And taxi pickups at the airpoirt fell from 3.82 million in 2016 to 3.23 million in 2018, while rideshare pickups surged from 1.03 million to 2.78 million; in other words, by 2019, Uber and Lyft were reportedly handling more than 60% of ride-hailing traffic to and from the airport, showing a clear shift in consumer preference.
All that said, while the taxi industry's business is in decline, some argue that competition from Uber and Lyft has also led to some positive changes, such as increased customer service and lower prices, particularly the fixed zone pricing from the airport. Taxis are still not quite emulous, but Uber and Lyft prices have been steadily rising, which at some point will make taxis more attractive.
On the other hand, taxi and limo companies held a nearly unbreakable monopoly on transportation services in southern Nevada for so many decades that the industry continues to face challenges in adapting to the new landscape. It's no great stretch to predict that the current status quo -- rideshare usurping traditional taxi business -- will continue for the foreseeable future.
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jstewa22
Jun-17-2025
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Kevin Rough
Jun-17-2025
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kafka45
Jun-17-2025
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Walloper
Jun-17-2025
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Albert Pearson
Jun-17-2025
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Brad Stonecypher
Jun-17-2025
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Randall Ward
Jun-17-2025
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Scott
Jun-17-2025
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Llew
Jun-17-2025
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Steven Braden
Jul-03-2025
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