financetom
Business
financetom
/
Business
/
Uber to offer Seine cruises, day trips in Paris during Olympics rush
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Uber to offer Seine cruises, day trips in Paris during Olympics rush
May 28, 2024 10:52 PM

(Reuters) - Uber Technologies ( UBER ) unveiled a raft of measures on Wednesday, including a tie-up to offer cruises on the Seine river as it looks to meet explosive demand stemming from the upcoming Olympics in Paris.

The ride-hailing platform will offer its "Uber Cruises" free of charge from July 12 to August 3, and customers can also book a day trip that includes a champagne tasting through its "Uber Bubbles" launch.

Uber ( UBER ) also plans to make a "significant" investment in driver incentives and discounts for riders. The company did not disclose the amount it is investing in these initiatives.

WHY IT'S IMPORTANT

More than 15 million visitors are expected to arrive in Paris this summer - a 30% increase from previous years - straining public transport networks, the company said.

It expects a record 40,000 drivers to provide rides on its platform during the Olympics.

Uber ( UBER ) has also been attempting to capture cost-conscious customers through lower priced offerings.

While dynamic pricing will be used during the Olympics, Uber ( UBER ) will offer rider promotions at key locations such as airports and Parisian train stations, where it expects nearly one million people to travel with Uber. 

Uber ( UBER ) provides drivers with "promotions" such as extra pay for completed trips that begin in specific areas, within a specific time window.

KEY QUOTE

The company said its "app has also been approved for use throughout Paris, with the Préfecture de Police granting Uber ( UBER ) drivers access to the most restricted areas of the city."

CONTEXT

Uber's ( UBER ) efforts in Paris will include continuously updated maps and routing in the driver app to highlight zone restrictions and road closures as well as dedicated in-app drop off and pick up zones.

It is also adding more than 130 new Uber Access vehicles to its platform.  

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
PepGen Prices $100 Million Stock Offering; Shares Soar Pre-Bell
PepGen Prices $100 Million Stock Offering; Shares Soar Pre-Bell
Sep 25, 2025
04:53 AM EDT, 09/25/2025 (MT Newswires) -- PepGen ( PEPG ) said late Wednesday it has priced an underwritten public offering of about 31.3 million shares at $3.20 each to raise gross proceeds of $100 million. The company said it also granted underwriters a 30-day option to purchase up to an additional 4.7 million shares at the same price, excluding...
Philips in talks with US over probes of medical technology imports
Philips in talks with US over probes of medical technology imports
Sep 25, 2025
(Reuters) -Philips is actively engaged with policymakers in Washington about investigations into U.S. imports of medical technology items but does not expect an immediate impact from the probes, it said on Thursday. The U.S. Department of Commerce said on Wednesday it had opened new national security investigations into the import of personal protective equipment, medical items, robotics and industrial machinery....
Ticketmaster commits to clearer pricing after Oasis tour complaints
Ticketmaster commits to clearer pricing after Oasis tour complaints
Sep 25, 2025
LONDON, Sept 25 (Reuters) - Britain's competition regulator has secured commitments from Ticketmaster to ensure customers are fully informed about prices after complaints about the sale of tickets for British band Oasis's tour in the summer, the watchdog said on Thursday. Thousands of fans waited for hours online to get their hands on tickets for Oasis's reunion shows, only to...
Centrus Energy Plans 'Major Expansion' of Ohio Uranium Enrichment Plant
Centrus Energy Plans 'Major Expansion' of Ohio Uranium Enrichment Plant
Sep 25, 2025
04:59 AM EDT, 09/25/2025 (MT Newswires) -- Centrus Energy ( LEU ) said Thursday it plans a major expansion of its uranium enrichment plant in Piketon, Ohio. We are planning a historic, multi-billion-dollar investment right here in Ohio -- supported by a nationwide supply chain to do just that, Chief Executive Amir Vexler said. The size and scope of the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved