Uber-competitor Gett has reported it has doubled its driver numbers in Manhattan since the Summer, now boasting 4000 cars on its network in New York, which the company claims has enabled it to reduce its response time to just five minutes. According to Chief Executive Shahar Waiser, while Gett’s worldwide revenue is on track to triple to $500m this year, it is growing at an even faster pace in Manhattan, however Waiser did not quantify this. The rapid growth is attributed to the introduction of a flat rate of $10 for rides in certain parts of New York; apparently it is this “predictability” of fares that is luring new customers and keeping them loyal. “Uber spent a lot of time and effort to convince everyone that surge pricing is the only way to make it work,” Waiser said. “We are proving them wrong.”
Uber-competitor Gett has reported it has doubled its driver numbers in New York since the Summer, now boasting 4000 cars on its network in Manhattan, which the company claims has enabled it to reduce its response time to just five minutes. According to Chief Executive Shahar Waiser, while Gett’s worldwide revenue is on track to triple to $500m this year, it is growing at an even faster pace in New York, however Waiser did not quantify this. The rapid growth is attributed to the introduction of a flat rate of $10 for rides in certain parts of Manhattan; apparently it is this “predictability” of fares that is luring new customers and keeping them loyal. “Uber spent a lot of time and effort to convince everyone that surge pricing is the only way to make it work,” Waiser said. “We are proving them wrong.”