Uber Coming After Travel Businesses As It Makes Record Profits Of $326m
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Show Notes
Jeannette discusses the recent news that Uber, known for its disruptive cab-hailing app, is now entering the travel space. Jeannette also explores the implications of this move for tour operators and other travel businesses in the UK
KEY TAKEAWAYS
- Uber, known for disrupting the cab hailing market, is now expanding into the travel space, which could potentially impact travel businesses in the UK and other markets.
- After years of being a loss-making business, Uber has achieved profitability under the leadership of CEO Dara. In the period from April to June 2023, Uber announced profits of $326 million, compared to a loss of $713 million in the prior year.
- Uber has established a strong brand and a technology platform that has contributed to its success in disrupting the transportation industry. This combination of brand and technology gives Uber an advantage as it enters new markets.
- The success of Uber highlights the importance of disrupting traditional models, investing in innovation, and leveraging technology to create a competitive edge in the market.
BEST MOMENTS
"Uber is very well known for being the cab hailing app right."
"Uber came along and totally disrupted the model right using technology convenience and having an app that allows you to not only be safe but also to really have that availability at your fingertips."
"This business has been loss making for many many years but it has still been seen in a positive light because it's unique in its space."
This is the perfect time to get focused on what YOU want to really achieve in your business, career, and life. It’s never too late to be BRAVE and BOLD and unlock your inner BRILLIANCE. If you’d like to jump on a free mentoring session just DM Jeannette at [email protected] or sign up via Jeannette’s linktree https://linktr.ee/JLinfoot
VALUABLE RESOURCES
Brave, Bold, Brilliant podcast series - https://podcasts.apple.com/gb/podcast/brave-bold-brilliant-podcast/id1524278970
ABOUT THE HOST
Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor, and business mentor with over 25 years of global professional business experience across the travel, leisure, hospitality, and property sectors. Having bought, ran, and sold businesses all over the world, Jeannette now has a portfolio of her own businesses and also advises and mentors other business leaders to drive forward their strategies as well as their own personal development.
Jeannette is a down-to-earth leader, a passionate champion for diversity & inclusion, and a huge advocate of nurturing talent so every person can unleash their full potential and live their dreams.
CONTACT THE HOST
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https://www.jeannettelinfootassociates.com/
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Podcast Description
Jeannette Linfoot talks to incredible people about their experiences of being Brave, Bold & Brilliant, which have allowed them to unleash their full potential in business, their careers, and life in general. From the boardroom tables of ‘big’ international businesses to the dining room tables of entrepreneurial start-ups, how to overcome challenges, embrace opportunities and take risks, whilst staying ‘true’ to yourself is the order of the day.