Articles tagged “sonder”

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

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.

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

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.

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

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

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. 

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

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.