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Page 11 - அமெரிக்கன் எக்ஸ்பிரஸ் உலகளாவிய வணிக News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Short-Term Rental Startups Pick Up Units of Failed Rivals

(Photo illustration by The Real Deal) Almost everything has remained the same at 70 Pine Street the oak floors, modern furnishings and colorful art except for the short-term rental startup operating its 132 rooms. After six years in business, Lyric succumbed to shaky finances and a travel shutdown in July 2020. Now, the 66-story Lower Manhattan building is the New York City flagship for Mint House, a three-year-old startup that caters to business travelers.  Mint House is one of several short-term rental companies playing a game of musical chairs with its failed rivals. Startups such as Lyric and Stay Alfred which leased apartments and operated furnished rentals went out of business after the pandemic sent travel into a spiral, leaving behind several thousand vacant units across the country. That’s created a big opportunity for other short-term rental startups to expand without having to front the costs of outfitting and readying units from scratch.

Brexit Miracle Arrives But Losing Freedom of Movement Will Hurt Travel

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more It was cutting it fine, but a long-awaited UK-EU trade deal was finally agreed on Thursday in Brussels, closing the chapter on a nearly five-year-long saga that hung like a cloud of uncertainty over the travel industry. The details in the 1,500-page document have yet to be made public, but the headline so far is the new accord means there will be no tariffs on goods when they cross borders, which will keep down the cost of trade. There are also no quota limits.

UK Corp Travel Agencies Try to Make Sense of Post-Brexit Business

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more Travel management companies in the UK report trying to give clients as much information as they could over the past few weeks as Brexit negotiations go down to the wire. The UK left the European Union on January 31 this year, with the Brexit transition period expiring officially on December 31, and question marks remain over work permits, visas and taxes. “Throughout the Brexit transition period, our consultants and account managers have continued to communicate and advise our customers about potential changes that will impact on business travel. However, there has been a great deal of uncertainty and this is still the case as we approach the deadline of December 31,” said Alison Zacher, FCM head of European account management.

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