LikeFolio data is recording a recovery-related surge in rideshare demand on a 30day Moving Average:
- Ridesharing for travel (to or from a hotel or airport) increased +30% QoQ
- Ridesharing for entertainment like a bar or restaurant increased +15% QoQ
- Ridesharing to and from work increased +10% QoQ (working from home mentions decreased -10% QoQ in the same time frame)
In addition, mentions of booking or taking a flight and traveling for work are showing signs of improvement: +29% YoY and +20% YoY respectively.
All of these shifts in consumer behavior serve as tailwinds for companies like Uber and Lyft, at least when it comes to consumer demand.
Lyft Purchase Intent data is showing signs of short-term recovery.