Inspirato, the luxury travel subscription service that went public last year through a SPAC, reported a very strong Q1 2022 earnings topline, a 67% increase from its previous year quarter…
Hey, when opportunity knocks, answer the door if you think there is an ample addressable market. That's what Inspirato did as it develops a corporate rewards or incentive program and seeks to broaden its products into flights and adverture travel, as well.
Less than a year ago, a Tripadvisor pitch deck about Tripadvisor Plus touted its "multibillion dollar revenue potential." Despite the company expressing confidence in Plus when it scrapped its business model in September, Tripadvisor admitted last week "we haven't found the product-market fit that we're looking for."
In Skift's top stories this week, Alaska Airlines launches a subscription service, Marriott Executive Chairman Bill Marriott announces he will retire in May, and Tripadvisor prepares to take Viator public.
Expedia Group's Peter Kern may or may not be correct in his claim that the trend toward long-term stays will eventually weaken to a considerable degree. On the other hand, his Vrbo vacation rental brand probably could have done more to capitalize on the trend.
Unlike Airbnb and Vrbo, which have struggled at times to attract ample numbers of hosts to meet demand, Inspirato and its subscription model play in a more focused space. Although there is plenty of competition, there are tons of potential home leases to lay siege for around the world where the monied set want to jet and play.
So far, luxury travel club Inspirato is on track with the projections it made in June for its growth. Other companies looking at subscription or luxury products should take note of its latest pitch deck.
So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.