Young Travelers’ Use of Car-sharing Services in Overseas Markets on the Rise | Be Korea-savvy

Young Travelers’ Use of Car-sharing Services in Overseas Markets on the Rise


South Korean users paid for car sharing services, such as Uber and Grab, in 235 countries. (image: Grab)

South Korean users paid for car sharing services, such as Uber and Grab, in 235 countries. (image: Grab)

SEOUL, Jun. 27 (Korea Bizwire)The number of people in their 20s using shared vehicle services has increased significantly at overseas travel destinations.

According to BC Card’s analysis of the service data of shared vehicles by South Korean travelers overseas from May 2016 to April of this year, the aggregate total of payments increased 10.7 percent annually and 17.4 percent in number over the past three years.

By age group, payments increased 33.6 percent annually for those in the 18 to 29, the highest growth rate, while it came in at 14.1 percent for those in their 30s.

South Korean users paid for car sharing services, such as Uber and Grab, in 235 countries.

Of the total, the U.S., which accounted for 19.3 percent, accounted for the largest amount of payments, followed by 11.4 percent in Japan and 8 percent in China.

Vietnam ranked 10th in terms of payments between May 2016 and April 2017, but its ranking rose every year to seventh between May 2018 and April of this year.

“The advantage of being able to plan a schedule and move freely by themselves has greatly helped young travelers, which seems to have had a considerable impact on the surge in the use of shared vehicle services,” a BC Card Big Data Center official said.

The official further added that “Another factor is that information on local restaurants and tourist destinations abroad, which was not very well known, is being introduced through various programs.”

D. M. Park (dmpark@koreabizwire.com)

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