Fewer drivers, sharp spike in demand behind fare surges for taxis, private-hire cars

The number of active taxi and private-hire car drivers here has fallen by 18 per cent since January 2020, to about 57,000 as at June this year.

This mismatch in demand and supply appears to have been going on for some time, with the most recent Land Transport Authority statistics showing daily ridership figures for taxi and private-hire car services wavering between 530,000 and 596,000 trips between August last year and April this year. When international borders were reopened and more employees returned to the workplace earlier this year, demand for P2P transport went up sharply.

Tourists are frustrated because impossible to get a taxi when locals can telephone book and tourists can not. Advise incoming tourists of the taxi booking number!

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