Jayride Group launches its services in Italy

Jayride Group ASX JAY services Italy
Jayride now has access to 31% of the world’s total airport passenger trips.

Kicking off the start of a European expansion, Sydney-based business Jayride Group (ASX: JAY) has announced the launch of its online transport booking services in Italy.

Jayride is an online marketplace that compares and books airport transfers from more than 2000 transport companies in over 500 airports throughout Australia, New Zealand, the United Kingdom, Ireland, Canada and the United States.

Following today’s launch, travellers will be able to book airport transfers at 36 airports in Italy, including every airport in the country with more than 25,000 international passengers per year.

These transfer services include airport shuttle buses and private transfers such as taxis, corporate charter vehicles and chauffeured luxury vehicles like limousines.

In Italy, there are more than 60 of these companies included in Jayride’s booking system, servicing popular destinations such as Rome, Venice and Pisa.

Scalable growth

Jayride was founded in 2012 and debuted on the ASX at the start of this year.

Over the six months from listing until the end of the 2018 financial year, the company reported a 64% boost in revenue, which is primarily derived from commissions and booking fees.

It is focused on growing these commissions through new market capture and said Italy was just the start of its expansion into Europe.

“Jayride is adding new international destinations at a faster rate than ever before,” Jayride managing director Rod Bishop said.

He said the new technology platform it introduced in May had unlocked “scalable growth”, with the capability to add new transport companies for travellers to compare and book anywhere around the world.

According to the company, Italy’s airports service 2% of the world’s total airport passenger trips. Canada, where the platform also launched at the start of August, service another 2%.

In total, these expansions have boosted Jayride’s market access up to 31% of the globe’s total airport passenger trips.

As part of its international expansion strategy, Jayride said it planned to use its new technology platform to launch in additional countries in the future.

“We’re looking forward to continued rapid increases in our market access to the world’s passenger trips,” Bishop said.

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