Taxis are getting less popular

Taxis are getting less popular

The demand for taxis has significantly decreased in Moscow. During the first half of September a number of orders had fallen by 1.5 times compared to the summer. Such conclusion was made by VTB Bank acquiring analysts. According to their opinion, the demand has decreased due to the fact that local residents have started using public transport after the situation with coronavirus has improved. 

Summer of 2020 was really successful for the taxi drivers, but it is still too early to talk about the autumn situation, says Stanislav Schwagerus, Head of the Competence Center of the International Eurasian Forum Taxi. “Compared with the period of high readiness, when a number of orders had fallen, July and August were profitable for the drivers”, he shared. 

Specialists say that this summer the residents of Moscow have used taxi very often, as most part of them decided to stay in the city due to the closed borders of Russia. In autumn, the demand for trips could fall because of the employees who still stay at a remote work. In such situation the aggregators usually begin to reduce the cost of travel, says Oleg Amosov, Chairman of the Forum Taxi public movement.

“The cost of the trip has already been reduced by about 20-30% for the passenger. There are some apps, processing the algorithms of demand and offering the cheapest trip. As a result, the other aggregators automatically begin to reduce the cost of travel too. But such pricing won’t lead to anything good in the end and will scare away the permanent user”, he thinks.

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