From anywhere, you can hail a ride with just a tap of your phone. Both Uber and Lyft are ridesharing or ride-hailing applications available on any smartphone device. The app connects users (or riders) with nearby screened, contracted drivers who offer rides in their vehicles to and from any local destinations.
Ridesharing has become a massive market in just 12 years since Uber launched in 2010. In the final quarter of 2021 alone, Uber earned $5.87 billion. Meanwhile, Lyft, Uber’s top competitor, reported Q4 2021 revenue of $969.9 million — an increase of 70 percent year-over-year.
Some of the many reasons people prefer using ridesharing apps over driving themselves are:
- Sober rides: Uber and Lyft offer an easy “designated driver” solution for those riders needing transportation after drinking.
- Zero parking hassle: Finding a parking spot — especially in a bustling city like Las Vegas — can feel impossible, or at least make you late for your next event. With easy pick-up and drop-off, Uber and Lyft eliminate the issue of finding a parking spot.
- No stranded vehicle: For one-way trips or runs to McCarran, a ridesharing service keeps your vehicle from being stranded or left in a parking lot for an extended time.
For all these reasons and more, ridesharing seems like the perfect solution for many Nevadans. And Uber’s statistics agree: in 2020, Uber completed 18.7 million trips per day, on average. However, though ridesharing companies designed the service to be a convenient and safe transportation option, that’s not always the case.