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Uber’s ‘Best Quarter’ to Date Sets Stage for Forecasted Comeback
BOSTON–(BUSINESS WIRE)–Strategy Analytics’ Automotive Connected Mobility service has unveiled its H1 2021 Global Ride-Hailing Market Update and its associated Global Ride-Hailing Forecast, tracking more than 140 unique operators across 119 different countries. Although 2020 was tough for ride-hailing operators everywhere, with a decline of 18% in worldwide total revenue (gross bookings) across the sector, Strategy Analytics’ global-ride hailing report and forecast comes on the heels of Uber’s April 12 announcement that March 2021 was the company’s best month ever in terms of total gross company-wide bookings. A rebound is clearly in sight, but the landscape remains forever changed as many operators have turned to the delivery sector as the key to long-term growth.