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Hotels
The expectation is for an increase in Sonder's overall net loss for 2022 and 2023.
Dennis Schaal | 2 weeks ago
Short-Term Rentals
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 | 1 month ago
Sonder is cutting its overhead while it works with external advisors to figure out how to handle underperforming units.
Online Travel
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 | 3 months ago
The short-term rental sector is growing, but property managers have been having a hard time as supply has outpaced demand.
Justin Dawes | 3 months ago
What’s common between Vacasa, Sonder and Inspirato? They’re still turning in losses, cutting average daily rates, and pruning portfolios.
Srividya Kalyanaraman | 4 months ago
Sonder's latest strategy: focus on hotels
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 | 5 months ago
Consider this a peek behind the curtain of VTrips, which has not been immune from the layoffs rocking the property management industry.
Dennis Schaal | 6 months ago
Daily Lodging Report
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.
6 months ago