Economic Benefits of Capital Bikeshare: A Focus on Users and Businesses

015293662014Final Report 08/2013-05/2014PDFTech ReportVT-2013-06DTRT12-G-UTC03Economic benefitsBicyclingRidesharingPublic opinionSurveysGeneral service businessesSalesCostsResearch HubEconomicsPedestrians and BicyclistsI10: Economics and AdministrationSurveysVehicle sharingbike sharingcyclingeconomic benefitsWashington (District of Columbia)Mid-Atlantic Universities Transportation CenterBuehler, RalphHamre, AndreaVirginia Tech. Urban Affairs and PlanningUnited States. Dept. of Transportation. Research and Innovative Technology AdministrationUS Transportation CollectionThis study investigates potential economic benefits of bike sharing on the neighborhood level. Using a sample of five Capital Bikeshare (CaBi) stations in Washington, DC, we conducted an intercept survey of 333 bikeshare users at five CaBi stations and a door-to-door survey of 140 local businesses within 0.1 miles of the five CaBi stations. We found that many CaBi riders are motivated to use the system due to travel time (73% of users) and cost (25% of users) savings. In addition, 16% of riders report making new trips because of Capital Bikeshare. Meanwhile, 23% of users reported spending more money because they used bikeshare. Income level was positively associated with new trips, spending levels, and spending during new trips. Joining CaBi to save money had a significant positive association with new trips. The business survey showed that 20% of the businesses in our sample report a positive impact of bike sharing on sales, and 70% identify a positive impact on the neighborhood. In addition, 61% would have either a positive or neutral reaction to replacing car parking in front of their business with a bikeshare station. Businesses that perceive a positive impact on sales from the bikeshare system are more likely to support the expansion of the system and the replacement of car parking with bikeshare stations. Overall, our findings suggest bike sharing may generate benefits among both users and businesses