Move over oil.
Sharing economy reached over $1 billion in Canada last year: StatsCan
A new Statistics Canada report has found the sharing economy, based on digital platforms that enable people to rent out skills and resources such as ride services to others, is increasingly playing an important role in the Canadian economy.
To produce the report, Statistics Canada surveyed Canadians across the country about their use of peer-to-peer (P2P) ride services and private accommodation services and found that 9.5 per cent – 2.7 million people – over the age of 18 participated in both, with spending totalling $1.31 billion between November 2015 and October 2016.
The agency defined P2P ride services as “services that connect riders and drivers through a mobile application that acts as an intermediary and processes the payment from the rider to the driver,” such as Uber or Lyft.
Private accommodation services are those “that connect travelers and hosts through a mobile application or website that acts as an intermediary and processes the payment from the traveler to the host,” such as Airbnb or Flipkey.
Individually, seven per cent of adults in Canada used P2P ride services last year, while just over four per cent used private accommodation services, Statistics Canada said in a Feb. 28 press release. “Spending on peer-to-peer ride services totalled $241 million, while more than $1 billion was spent on private accommodation services,” it added.
Sharing economy reached over $1 billion in Canada last year: StatsCan | IT Business
Sharing economy reached over $1 billion in Canada last year: StatsCan
A new Statistics Canada report has found the sharing economy, based on digital platforms that enable people to rent out skills and resources such as ride services to others, is increasingly playing an important role in the Canadian economy.
To produce the report, Statistics Canada surveyed Canadians across the country about their use of peer-to-peer (P2P) ride services and private accommodation services and found that 9.5 per cent – 2.7 million people – over the age of 18 participated in both, with spending totalling $1.31 billion between November 2015 and October 2016.
The agency defined P2P ride services as “services that connect riders and drivers through a mobile application that acts as an intermediary and processes the payment from the rider to the driver,” such as Uber or Lyft.
Private accommodation services are those “that connect travelers and hosts through a mobile application or website that acts as an intermediary and processes the payment from the traveler to the host,” such as Airbnb or Flipkey.
Individually, seven per cent of adults in Canada used P2P ride services last year, while just over four per cent used private accommodation services, Statistics Canada said in a Feb. 28 press release. “Spending on peer-to-peer ride services totalled $241 million, while more than $1 billion was spent on private accommodation services,” it added.
Sharing economy reached over $1 billion in Canada last year: StatsCan | IT Business