A survey conducted by price comparison website iPrice Study has revealed that Filipinos prefer Grab as it charges cheaper rate over its main rival Uber.
The poll found that Filipinos spend about P95 in Grab as compared to P135 in Uber, and P125 in taxies, respectively, when traveling on average of 30 minutes for five kilometers within the city center in moderate traffic during non-peak hours.
?We see a similar trend as well in farther distances as it would cost P285 by Grab, P330 by Uber, and P325 by taxies when traveling from the city center to suburban areas of 20 kilometers radius at about 80 minutes of traveling time,? the poll said.
The report also noted that, as of Nov. 17, Uber is still widely unavailable in the country because of the absence of Google turn-by-turn navigation needed by the app, except in Manila.
Grab, on the other hand, is available in major areas of the country such as Manila, Cebu, and Davao.
Since its inception four years ago, Grab has created a strong foothold in Southeast Asia with funding support of $750 million by Softbank in September 2016 and has great plans to advance further in the region.
iPrice saud Uber?s recent move of selling off its China unit to DiDi in August 2016 is a clear indication that they are focusing their expansion efforts in Southeast Asia as well.
?This is apparent as Uber has been doubling down on resources, staffing, and technology. While this sounds great for consumers, the ride-hailing industry is getting intensively competitive in the region,? it said.
The study was conducted to compare and identify the cheapest mode of transportation between the two ride-hailing giants with local taxies in each major Southeast Asian country.
The research in Southeast Asia took into account the price differences by Grab, Uber, and taxies based on various price components and price points.