Articles tagged “sonder”

Hotels

Sonder Delays 2023 Earnings Report, Needs to Restate Financials for Past 2 Years

The expectation is for an increase in Sonder's overall net loss for 2022 and 2023.

Sonder Delays 2023 Earnings Report, Needs to Restate Financials for Past 2 Years

Short-Term Rentals

Airbnb’s New Listing Verification Process Favors Pro Hosts 

With fraud a substantial problem in online travel these days, Airbnb is undertaking the mammoth task of trying to verify listings. The process is easier for professional hosts.

Airbnb’s New Listing Verification Process Favors Pro Hosts 

Short-Term Rentals

Sonder to Lay Off 106 Workers – 17% of Corporate Staff

Sonder is cutting its overhead while it works with external advisors to figure out how to handle underperforming units.

Sonder to Lay Off 106 Workers – 17% of Corporate Staff

Online Travel

Booking Holdings CEO Recalls Road Back From Reverse Stock Split to $3,500 Per Share

One challenge for struggling travel SPACs beyond their stock prices is to create something new that's truly valuable to their customers. Booking.com did just that years ago, although others have caught up in the interim.

Booking Holdings CEO Recalls Road Back From Reverse Stock Split to $3,500 Per Share

Online Travel

Travel Companies Laid Off Thousands in 2023 — See Which Ones

The short-term rental sector is growing, but property managers have been having a hard time as supply has outpaced demand.

Travel Companies Laid Off Thousands in 2023 — See Which Ones

Short-Term Rentals

Sonder Ups Its Bets on Hotels

What’s common between Vacasa, Sonder and Inspirato? They’re still turning in losses, cutting average daily rates, and pruning portfolios. 

Short-Term Rentals

Sonder Ups Its Bets on Hotels

Sonder's latest strategy: focus on hotels

Sonder Ups Its Bets on Hotels

Short-Term Rentals

Inspirato Is the Latest Entrant to the SPAC-Stock Split Club

Luxury brand Inspirato is implementing a 1-for-20 reverse stock split of its Class A, Class B non-voting, and Class V common stock to meet Nasdaq's $1 bid price requirement — similar to Vacasa and Sonder’s stock split. 

Short-Term Rentals

A Trimmed Down VTrips Laid Off 9% of Its Employees

Consider this a peek behind the curtain of VTrips, which has not been immune from the layoffs rocking the property management industry.

A Trimmed Down VTrips Laid Off 9% of Its Employees

Daily Lodging Report

Sonder Announces Reverse Split, Hopes to Stay on Nasdaq

Sonder Holdings has become the latest SPAC to announce a reverse split to try to maintain a $1 minimum bid price and stay on Nasdaq. SOND announced a 1 for 20 reverse split, taking effect at the opening of trading tomorrow.