Value of Travel Time Spent

In our modern era traveling has changed significantly due to advancements in technology and trends in globalization. Although it is challenging, adapting to the latest advancements has become de facto for each state. Integration of new advancements generally follow the global trends such as climate control, but lack in considering human experience. Traveling is a demand that derives from the demand of action set by people. This may involve tourism, leisure activity, commuting to work, and such. In contrast, traveling has a negative demand, consumers are willing to pay more to have less of it. Time is essential and valuable than ever before, consumers spend more for saving time than ever before, and how you spend your time while traveling matters just as much as how you save time on traveling. Due to its human context, there are many variables that are solely valuable to a specific portion of people.

 

Value of land is governed by its accessibility and unless transportation makes it quickly accessible to the urban core, land has no value in urban context. People have always traveled in their daily routines, whether this was via walking or transportation. Since the early urban settlements in history, people are willing to commute for half an hour to one hour at most, according to Marchetti’s Constant. As our modes of transport improve, distance of daily commutes does not shrink, but distance of our homes & places we commute increase, keeping the commute between half hour to one hour at most, constant. Given this context, individuals are willing to commute and it is a habit for societies, but due to developments that lack in human experience, time spent on travel has not been optimized/efficient enough with lots of room to improve. 

 

Micromobility holds a key role in order to fill the gap within the transportation sector. First and last mile solutions that micro mobility provides, focuses on human experience and enables its consumers to have a reliable, pleasant, and fast alternative mode of transport. Insuring against a delay that was not accounted for, or being stuck in a traffic whilst you can continue working on your passion project, or even standing in a bus with fifty passengers and trying to find a handle to hold on. Micromobility’s flexibility and adaptability enables urban areas to be more accessible which increases the value of the land. Even though there are various unforeseen factors, micro mobility aims and will be the solution for efficient and effective first and last mile transportation.

 

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