Uber's 'Ride Pass' system is a subscription-based transportation service that is currently available in five different American cities -- Denver, Miami, Orlando, Austin, and Los Angeles. For the rate of $14.99 a month, or $24.99 a month for Los Angeles, riders are able to lock in a flat rate for their UberX and UberPool rides during that month. This is predicted to save 15% of monthly travel expenses for regular Uber riders.
The service is available for sign up directly on the app, where savings can be tracked and auto-renewed monthly. From the drivers' end, they will still be earning the same amount based off of both time and distance traveled. The update setting will display the number of days left of the month subscription, the date it will be renewed with the option to unsubscribe, and the amount of money saved thus far each month.
Transportation Subscription Services
Uber's Ride Pass is Available in Five Different Cities
Trend Themes
1. Transportation Subscription Services - The rise of subscription-based transportation services allows for a more budget-friendly alternative to regular ride-hailing.
2. Flat Rate Rides - Flat rate rides are an innovative pricing model that can provide customers with predictable costs and potentially increase loyalty.
3. App-based Subscription Services - App-based subscription services enable customers to easily manage and track their transportation expenses, while also allowing for flexibility and convenience.
Industry Implications
1. Ride-hailing Industry - Ride-hailing companies can offer subscription-based services as an additional option to boost customer retention and loyalty.
2. Public Transportation Industry - The public transportation industry can adopt app-based subscription services to provide a more seamless and convenient experience for riders.
3. Automotive Industry - The automotive industry can explore partnerships with subscription-based transportation services to increase access to their vehicles and potentially generate more revenue.