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Taxi Market to Reach $120 89 Bn, Globally, by 2027 at 12 3% CAGR: Allied Market Research

 by Booking Type (Online Booking and Offline Booking), Service Type (Ride-hailing and Ride-sharing), and Vehicle Type (Cars, Motorcycle, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global taxi industry generated $69.18 billion in 2019, and is expected to generate $120.89 billion by 2027, witnessing a CAGR of 12.3% from 2020 to 2027. Download Research Report (240 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10930 Prime determinants of growth Increase in demand for ride-hailing and ride-sharing services, surge in demand from online taxi booking channels, and rise in cost of vehicle ownership drive the growth of the global taxi market. However, improvement in public transportation and varying government regulations on taxi services in different countries restrain the market growth. On the other hand, development of robo-taxies and emergence of eco-friendly elect

BHTA, BPSA to examine mininum wage proposal

BHTA, BPSA to examine mininum wage proposal Article by by Marlon Madden Already suffering from a dramatic reduction in business, some hoteliers could be hard-pressed to increase wages of some workers at the lower end of the spectrum if Government’s proposed national minimum wage of $8.50 per hour takes effect on April 1, as planned. To determine the impact that such a rate could have on some sectors,   Today’s BUSINESS has learned that the private sector was currently engaging the services of a consultant to carry out research across several sectors so that those findings could be presented to Government.

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