Ride-Hailing Services Are Not the Future of UK’s Cab Service Industry

These days where everyone seems to be on a time crunch almost all the time, the demand for “on-demand” (pun unintended) transport has been on an all-time rise, and rightly so for a number of reasons. With the innovation in modern day technologies such as desktop-class smartphones and advancement in mobile OS and app development, the industry has seen the global and the British cab industry shaken up and disrupted from its very foundations by placing the convenience of calling a cab at the palm of millions of mobile phone users. This massive revolution in the ride-hailing sector did indeed cause significant loss of revenue to cab drivers. In fact in some major cities of the world such as New York, USA, the NY Daily reports that the growth of ride-hailing industry giants also saw a swift increase in the number of traditional New York City “yellow” taxi drivers and operators running into debt and having their businesses and assets seized by banks within the same years these new companies saw unprecedented growth and change.

However, many taxi services have been quick to respond to this increasingly changing landscape of taxi services. Croydon taxi companies have managed to provide exceptional industry-leading cab services within Croydon and select destinations by providing the same kind of ease of access to its clients as major ride-hailing platforms have popularized through offering a number of contact channels ranging our portal, website, Android and iOS mobile phone application and the old-fashioned yet simple ease of calling their phone number where an agent will always be present to respond 24 hours a day.

The new age of transportation is rapidly tapping into all kinds of daily avenues of our lives in order to provide the maximum ease of access to cab services while maintaining competitive rates. However, despite the good intentions these new companies have for their consumers, their business model has often had the opposite effect, with pricing systems such as “peak factors” frequently charging customers a premium for booking a ride on account of high demand in a particular area.

Reaching Destination At Peak Time

These peak time charged can charge customers as high as even 8x the cost of a regular trip for the same route. A real-time pricing algorithm continues to make such changes as these advanced algorithms are usually tweaked to maximize profit by either capitalizing on high pricing opportunities, or by penalizing customers due to maximum resource utilization. Services such as Croydon cab are free from such unpredictable and real-time premium charges to any of your trips, and will always charge you the stipulated price already set. You will always pay either the agreed price or the metered price.

No fancy technical algorithms meddling with your bargain, for you will have the support of a cab service that truly cares for its customer’s needs instead of just their convenience, and that is why ride-hailing services are from being the future of the UK cab industry.