Taxi & Limousine Services
Competitive Landscape
Taxi and limousine revenue is driven by business and leisure travel. The profitability of individual companies depends on good marketing. Small companies can effectively compete with large ones because there are few economies of scale in operations. The industry is labor-intensive: average annual revenue per employee is about $70,000.
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Opportunities
Internet Reservations - Some limousine and taxi companies allow customers to make reservations over the Internet. Even small companies can expand business with relatively little expense. Larger companies...
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Business Challenges
Revenue Linked to Cyclical Travel - Taxi and limousine revenues are linked to business and leisure travel, which in turn are affected by the ups and downs of overall economic activity.
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