🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Uber launches hourly ride booking option in some U.S. cities

Published 05/29/2020, 09:07 AM
Updated 05/29/2020, 09:10 AM
© Reuters. A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the NYSE in New York
UBER
-

By Tina Bellon

(Reuters) - Uber Technologies (NYSE:UBER) Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential trips during the coronavirus pandemic.

The option, which is already available in a handful of cities in Australia, Africa, Europe and the Middle East, will cost $50 per hour. Fares for regular Uber rides are generally based on the level of demand and the trip distance.

Uber said it decided to expand the hourly feature to the U.S. after riders requested an option for extended trips during the pandemic to avoid exposure to different drivers and vehicles when taking multiple trips in a confined time period.

The company said it expected the option to be used for trips to grocery stores, pharmacies and doctors appointments, but would monitor use going forward.

Hourly bookings will be available in Atlanta, Chicago, Washington, Dallas, Houston, Miami, Orlando, Tampa Bay, Philadelphia, Phoenix, Tacoma and Seattle beginning June 2, with expansions planned in the following weeks.

Ride-hailing trips, which generate the bulk of Uber's revenue, dropped 80% globally in April, but the company earlier this month said demand was slowly recovering.

Since May 18, Uber requires riders and drivers around the world to wear face coverings or masks and allows both parties to cancel trips and report users who do not comply with the measure. Repeated failure to comply can lead to account deactivation for both riders and drivers.

© Reuters. A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the NYSE in New York

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.