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Articles tagged “soho house”

News Blog

Soho House Membership Revenues Keep Strong Growth

Membership Collective Group is best known for its Soho House member's clubs and being unprofitable for decades. The company reported earnings on Wednesday, continuing its unprofitable streak. But Soho house membership grew 17.6 percent to 130,919, year-over-year. The waiting list to join is at an all-time high. "Our promising revenue growth in the quarter was…

Sean O'Neill | 2 years ago

News Blog

Soho House to Launch Digital Membership

Private membership club Soho House aims to debut a digital membership for people to get to network and otherwise get to know one another before meeting at one of its properties. Soho House founder Nick Jones confirmed that tidbit this week, according to Hospitality Insights. “Lots of businesses, friendships, relationships have been created by a…

Dennis Schaal | 2 years ago

Coronavirus

Soho House Owner Risks Cool Factor in Pursuit of Profitability

Membership Collective Group and its leading brand Soho House haven’t seen profitability since the first club opened more than 25 years ago. Opening more clubs at reduced costs can lead to profits, but that also risks diluting the exclusivity once associated with the brand.

Cameron Sperance | 2 years ago

Soho House Owner Risks Cool Factor in Pursuit of Profitability

Business Travel

Microsoft’s New Carbon Penalties for Corporate Travel Stir Debate

Microsoft's news this week underscored a bigger problem: It no longer seems to be about how to cut carbon emissions, but rather how that gets counted.

Matthew Parsons | 2 years ago

Microsoft’s New Carbon Penalties for Corporate Travel Stir Debate

Hotels

Soho House Parent Shrugs Off Annual Loss With Boast of Growth Plans

How long can Soho House owner Membership Collective Group keep losing money? More clubs and increased membership are one way to tell a growth story, but investors eventually want to see profitability.

Cameron Sperance | 2 years ago

Soho House Parent Shrugs Off Annual Loss With Boast of Growth Plans

Coronavirus

Wyndham Positions Itself for International Expansion in 2022

Wyndham plans to throttle its recovery forward with a wave of international openings this year. The uncertain factor is if investors want this, given the company's resilience during the pandemic stemmed from domestic travel demand.

Cameron Sperance | 2 years ago

Wyndham Positions Itself for International Expansion in 2022

Coronavirus

Soho House Will Raise Prices Fearlessly Despite Spiking Inflation

Profitability remains elusive for Soho House parent Membership Collective Group. Raising prices will help the company eventually change this, but company leaders must be careful about not scaring off people who could begin to think membership no longer holds its value.

Cameron Sperance | 2 years ago

Soho House Will Raise Prices Fearlessly Despite Spiking Inflation

Business Travel

Behind the WeWork IPO Financing It Hopes Takes the Target Off Its Back

The world’s most famous flexible co-working space provider has a new lease on life following its SPAC deal, but is its model still relevant for the post-pandemic workforce? Its backers are betting so.

Matthew Parsons | 3 years ago

Behind the WeWork IPO Financing It Hopes Takes the Target Off Its Back

Coronavirus

Rosewood Launches a Soho House Competitor — More Copycats Expected

Hotel companies may tout things like exclusivity and networking opportunities as reasons to launch a members-only club, but the real upside here is all about financial security. Soho House proved this is a resilient business model, even in the face of a pandemic.

Cameron Sperance, Skift | 3 years ago

Rosewood Launches a Soho House Competitor — More Copycats Expected

Coronavirus

Why 2021 Is the Year of the Travel IPO

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.

Sean O'Neill, Skift | 3 years ago

Why 2021 Is the Year of the Travel IPO