More Companies Allowing Business Travelers to Use Sharing Economies

January 30, 2018 by · Leave a Comment 

Business travelers who have taken an Uber or Lyft instead of hailing a taxi, or stayed at an Airbnb property instead of staying at a hotel chain, you’re among a growing majority of employees whose companies are encouraging using the emerging sharing economies.

According to a survey conducted by Chrome River Technologies, an expense and invoice management technology solutions company, 78 percent of companies with 1,000 or more employees allow their travelers to use ride-sharing services, while 68 percent allow home-sharing services.

The company asked 100 chief financial officers, controllers, and treasurers at 100 U.S.-based companies for this data in order to determine how much freedom corporations provide their employees when they travel for business.

The instantly recognizable pink mustache of a Lyft car. It's becoming a favorite method of travel among business travelers.

The instantly recognizable pink mustache of a Lyft car.

“Corporate travel and expense policies should be agile enough to address the ever-changing nature of business travel. It’s refreshing to see that larger organizations have already incorporated sharing economy services into their policies,” Alan Rich, Chrome River CEO, said in a statement.

While less than one-quarter of the officers surveyed said their company doesn’t have any policy regarding the use of sharing economy services, 17 percent have instituted policies that don’t allow the use of ride-hailing services, and 24 percent prohibit their employees from booking accommodations through home-sharing platforms. Perhaps even more surprising were the percentages regarding the mandating of such services: 13 percent of companies require their people to use ride-sharing apps, while 12 percent have dictated that travelers must use home-sharing instead of hotels for lodging.

The implementation of rules and policies for reimbursement and reporting of expenses related to these services follows the rising trend among leisure travelers. The survey data shows some are still hesitant to utilize such options.

Does your company allow you to use sharing economy accommodations or are you limited to just traditional hotel and travel brands? Tell us about your experiences in the comments below, on our Facebook page, or in our Twitter stream.

Photo credit: Praiselightmedia (Wikimedia Commons, Creative Commons 4.0)

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