Skift Take
Luxury travel is sensitive to travel demand changes and more susceptible lately to pricing pressures. Inspirato's story is a lesson in managing the pace of growth.
Occupancy is at its lowest, losses are mounting, and the company announced another round of layoffs last month. Despite this, the luxury hospitality brand Inspirato has a few wins, including a new partnership with Capital One, and a rewards program launch.
For the quarter ending June 30th, The Denver-based company posted a consolidated net loss of $47 million; its revenue totaling $84 million remained flat compared to last year.
CEO Brent Handler told analysts and shareholders Wednesday that in addition to the reduction in its portfolio and weaker occupancies, the headwinds for the quarter were travel demand leaning towards urban trav