Your Next Uber Could Be The Bus
The cost of rides might be pushing some to more economical transportation.
The cost of rides might be pushing some to more economical transportation.
People are thinking twice before opening that ride-share app on their smartphones.
The practice isn’t going anywhere, but the slow pace at which ride volumes have recovered from their pandemic depths is the latest sign the industry might not become as pervasive as once hoped. As dreams of world domination fade and investors watch the bottom line, the cost of that ride might be pushing some potential customers to more economical forms of transportation.
Lately, market leader Uber Technologies has moved beyond the service that made its name a verb. According to its 2022 investor day deck, Uber is in 72 countries. It added Eats to deliver food, and then expanded that to include convenience, alcohol, diapers and much more. It is now adding taxi partnerships and travel, among other things. Soon, you will be able to hail your own private party bus.
These additions are outwardly pitched as a way for Uber to aggressively build a super app from a position of strength. They are arguably just as defensive. If investors once wanted quantity, they now want quality. As Chief Executive Dara Khosrowshahi wrote recently in an internal email: “In times of uncertainty, investors look for safety…we need to show them the money.”
The economics of ride-hailing have changed. Platforms like Uber and Lyft for years grew through subsidizing the cost of rides to win market share from other forms of transportation, as well as from one another. Between 2016 and 2021, Uber burned an average of nearly $3 billion annually.
But with investors now focused on pocketing cash rather than splashing it around, broad subsidies are no longer a winning strategy. And that discipline comes at a time of rising costs. Labour laws, competition and a surge in vehicle and pump prices have meant ride-share drivers need to be paid more. The combination of those costs and investors’ demands for profit and cash flow means postpandemic ride-hailing may never be as affordable as it used to be.
Nationally, average ride-hailing pricing in April was already up nearly 39% from where it was at the same time in 2019, YipitData shows. Some of that has to do with longer rides consumers are now taking. But even on a per kilometre basis, pricing was up over 27%. In sprawling Phoenix and Atlanta, per mile pricing for Uber and Lyft combined was up around 40% and 50% on average, respectively.
The pandemic may be waning, spurring more tourist and commuting demand, but consumers are likely to consider cheaper options amid rising rates and prices for other goods and services. And pricing could get even richer. Facing a driver shortage, Lyft might need to compensate with higher rider rates to compete. Meanwhile, if Uber continues to push for aggressive growth in food delivery and other noncore businesses, then someone has to shoulder that tab.
Ride hailers set out to free us from car ownership and provide us with more convenience and comfort than other available transportation options. What if the future of ride-share is…the bus?
Early indications from several big regional real-estate boards suggest March was overall another down month.
Art can transform more than just walls—it shapes mood, evokes memory, and elevates the everyday. Discover how thoughtfully curated interiors can become living expressions of personal meaning and refined luxury, from sculptural furniture to bespoke murals.
Art can transform more than just walls—it shapes mood, evokes memory, and elevates the everyday. Discover how thoughtfully curated interiors can become living expressions of personal meaning and refined luxury, from sculptural furniture to bespoke murals.
Art can transform more than just walls—it shapes mood, evokes memory, and elevates the everyday. Discover how thoughtfully curated interiors can become living expressions of personal meaning and refined luxury, from sculptural furniture to bespoke murals.
Imagine a hushed hospital corridor, its sterile walls awash in the glow of flickering fluorescent lights. In that unexpected moment, a solitary Monet painting emerged—a luminous tableau of delicate lilies dancing in quiet defiance.
As the clinical austerity yielded to the graceful presence of art, this single work transformed into a vessel of solace and hope amid overwhelming uncertainty.
That moment continues to resonate with me—a vivid reminder that art transcends mere aesthetics to become a profound catalyst for emotional healing and inspiration. It is this transformative experience that fuels my passion as a biophilic interior designer.
I create environments where every element, from bespoke murals to sculptural installations, harnesses art’s power to elevate the human spirit, spark creativity, and enrich lives. Let us journey together into the world of luxurious interiors that define modern elegance.
At its core, art is a daily ritual that renews both mind and spirit. Scientific research consistently confirms that nature-inspired art reduces stress, lowers blood pressure, and kindles creativity.
The simple act of beholding a tranquil landscape or a subtle floral motif transforms your space into a private retreat, offering solace amidst a hectic world.
In my practice, I meticulously select artworks chosen not only for their aesthetic appeal but also for their potent, therapeutic benefits.
Each piece serves as daily inspiration—a quiet invitation to experience calm and well-being. For example, our Hilton project demonstrates how hospitality resorts integrate nature-inspired art not only for its visual impact but also as a medium of healing; here, a collaboration with a local artist produced a masterful installation that functions both as a statement piece and a source of well-being.
Luxury design is profoundly personal. Bespoke art transcends mass-produced décor by capturing your unique story—whether through a custom mural reminiscent of your favourite botanical garden or silk wallpapers that evoke the allure of exotic landscapes.
Each personalised creation turns your walls into a living narrative of cherished memories and distinctive taste. Consider how a thoughtfully designed space can reflect your individuality and elevate your living experience.
Art is not confined to two dimensions. Three-dimensional sculptural works bring vitality to interiors by adding depth, texture, and tactile allure.
Picture a gracefully sculpted piece—a marble table echoing the gentle rhythm of ocean waves or a repurposed bronze branch serving as an elegant room divider.
Such statement sculptures command attention while seamlessly integrating form with function and providing a natural conversation starter in any refined space.
A truly sophisticated home elegantly merges art with architecture. Imagine a residence where bespoke staircases curve with elegance, where hand-carved wooden doors evoke the intricate beauty of nature, and where expansive windows frame breathtaking vistas.
In these spaces, every architectural detail contributes to a cohesive canvas of artistic expression. As you envision your own home, consider how your surroundings can be thoughtfully designed to reflect both beauty and purpose.
In luxury interiors, even the functional becomes exceptional through artful design. Consider a one-of-a-kind, hand-carved pink marble swivel chair—a masterpiece where practicality meets refined craftsmanship.
More than just a piece of furniture, this chair sparks conversation and serves as an emblem of creative innovation and exclusivity.
Let this be a symbol of how every element in your home might reflect your dedication to exquisite artistry.
In an age defined by rapid technological advancement, digital art installations offer a contemporary twist on traditional forms.
High-resolution displays now present dynamic landscapes—a cascade of waterfalls, the quiet majesty of a forest, or a serene digital ocean vista—that adapt and evolve with your environment.
This modern element seamlessly aligns cutting-edge technology with timeless aesthetics, ensuring your space remains as innovative as it is elegant.
Luxury is often revealed in the details: the textures, colours, and fabrics that together create a haven of understated splendour.
Bespoke silk cushions with intricate botanical embroidery, sumptuous velvet throws that evoke tropical charm, and bedding that mirrors the ethereal beauty of cloudscapes all contribute to an atmosphere of refined elegance and comfort.
Every tactile detail is chosen to evoke warmth and stand as a testament to your taste for excellence.
In the realm of luxury, tradition and modernity exist in perfect harmony. Integrating timeless antiques—such as a rare Vladimir Kagan couch or a coveted Hans Wegner chair—with contemporary design creates a dialogue that honours both heritage and innovation.
These storied pieces carry with them a legacy of masterful craftsmanship, adding layers of significance and depth to your living environment. They remind us that true elegance is built upon a foundation of enduring quality.
Ultimately, art is the language through which you express your unique legacy.
Every carefully chosen piece reflects a part of your personal journey, turning your living space into a narrative as emotionally resonant as it is visually stunning.
It imbues your environment with memories, aspirations, and the essence of who you are—a living masterpiece that evolves with time.
Reflect on how these elements might not only beautify your home but also stand as timeless expressions of your personal story.
Now is the moment to immerse yourself fully in the joy of art. Elevate your surroundings and transform your residence into your greatest masterpiece.
Your heart, your legacy, and your space deserve nothing less than extraordinary artistry.
Ozge Fettahlioglu is the founder of Cocoplum | Biophilic Design Studio and Boxareno | Custom Modular Constructions. A wellness and biophilic design leader, she creates bespoke spaces that inspire, heal, and elevate daily living. Ozge is also a board member of Biophilic Cities Australia.
From timeless neutrals to rich jewel tones and earthy hues, the right colour palette can elevate any space, creating mood, elegance and effortless sophistication.
Fourth-quarter revenue climbed 24% to 110.61 billion yuan, equivalent to $15.30 billion, but missed estimates.