REPORT ON GLOBAL GLOBAL TAXI MARKET BOUNCES BACK
A three-year impact analysis on the taxi market: before, during and after Covid-19 has been compiled by Taxi Butler. The report shows that the overall increasing trend of taxi bookings is encouraging for the industry and will likely continue. The findings put forward that global B2B taxi bookings will almost double (+72.69%) by Q2 2022, compared to January 2021, signifying that the industry will be back on track and almost fully recovered from the pandemic (providing that there are no new Covid-19 restrictions in the future). The findings also present trends dating back from January 2019 and take a look at the impact during Covid-19.
Going into 2020 on a high note
The number of B2B taxi bookings in 2019 demon- strates an increasing trend. There was a gradual increase in taxi bookings every month, with the highest bookings witnessed in September. There were 32.07% more bookings in December 2019 than in January of the same year.
March 2020: the start of the collapse
April 2020, the month that the world was most significantly hit by Covid-19 lockdowns, saw a 91.23% drop in bookings compared to the same month of the previous year.
-42.06% bookings in the UK and Ireland in March 2020 compared to the same month of the previous year
April 2020: the hardest hitting month
From February 2020, the last ‘normal’ month before Covid-19 restrictions, to April 2020, when restrictions were in full effect, the global taxi industry saw a 91.35% collapse in bookings.
-96.48% bookings in the UK and Ireland between Feb and Apr 2020
The road to recovery
+51.33% bookings in December ’19 than in January ’19 in the UK and Ireland
70
The summer of 2020 was relatively stable for each region, with the UK and Ireland seeing a slightly slower start due to longer lockdown restrictions.
DECEMBER 2021
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