Andrew Kitchell’s was one of the first 100 properties to appear on Air Bed and Breakfast, as it then was, and a decade later his company Lyric now owns and operates “flexible accommodations for the modern traveller” rented out on many homesharing platform.

Airbnb financed Lyric to the tune of $160 million this year, backing its focus on professional lodging and hosting for business travellers. Lyric claims to offers a boutique hotel style experience that business travellers seek.

The business travel sector is predicted to reach $1.6 trillion in revenue globally by 2020.

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