A fare prediction tool provides riders with an approximation of the expense for a ride using a transportation network company before requesting a vehicle. Typically, these tools require inputting the starting point and destination. Some advanced tools may also consider factors like time of day, demand, and potential route options to offer a more precise fare range.
Pre-trip fare estimates offer several advantages. For passengers, they facilitate budget management and allow for informed decisions about transportation choices. This transparency can build trust and encourage ridership. For the transportation network companies, these tools manage expectations and reduce potential disputes over fares. The development of these tools reflects the growing importance of price transparency and convenience in the on-demand transportation sector.
