Ride-Hailing Platforms ‘Imploding’ Amid Lockdowns, Says ABI
Lockdown orders “collapsed” worldwide personal transit demand, “with all mobility modes at the consumer’s disposal contracting significantly in the first half of 2020,” reported ABI Research Tuesday. After 14% growth in 2019, the market “faced its first significant disruption,” it…
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said. “Strict controls on personal mobility, combined with a growing concern over shared spaces,” sent the market down 59%, said ABI: The “pivot” toward food-delivery services “helped ride-hailing platforms maintain driver engagement,” but long-term challenges will remain over concerns with “integrity of shared public spaces.”