Articles tagged “sonder”

Short-Term Rentals

Sonder Faces Potential Nasdaq Delisting —Again

Sonder's second notice of potential delisting is for a different reason than the first notice a year earlier. Neither, though, is a good look for the struggling company.

Dennis Schaal | 3 weeks ago

Sonder Faces Potential Nasdaq Delisting —Again

Short-Term Rentals

Sonder Rivals Take Over Some of Its Properties

Landlords approached Sonders' rivals to take over properties where Sonder was trying to renegotiate terms or exit from master leases.

Srividya Kalyanaraman | 1 month ago

Sonder Rivals Take Over Some of Its Properties

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.

Dennis Schaal | 1 month ago

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.

Dennis Schaal | 2 months ago

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.

Dennis Schaal | 2 months ago

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.

Dennis Schaal | 4 months ago

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.

Justin Dawes | 4 months ago

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. 

Srividya Kalyanaraman | 5 months ago

Short-Term Rentals

Sonder Ups Its Bets on Hotels

Sonder's latest strategy: focus on hotels

Srividya Kalyanaraman | 5 months ago

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. 

Srividya Kalyanaraman | 6 months ago