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Uber signals recovery in rides as lockdown restrictions ease

Friday 5 June 2020 11:34 CET | News

Uber Technologies has affirmed that trip requests are gradually picking up, but still remain significantly below prior year levels, as several countries start to lift the COVID-19 restrictions.

Trip requests are now down about 70% from 2019, slightly lesser than April’s 80% drop. However, the company’s rides business is improving on a week-over-week basis, considering that the surge in food-delivery orders at Uber Eats recorded in Q1, showed no signs of slowing in May.

Also, ridership in Hong Kong has recovered more than 80% from its coronavirus-driven lows.


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Keywords: Uber, rides, lockdown, restrictions, COVID-19, pandemic, coronavirus, ecommerce, Uber Eats, food delivery
Categories: Payments & Commerce | Ecommerce
Countries: World
This article is part of category

Payments & Commerce