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Articles tagged “spacs”

Short-Term Rentals

Sonder Receives Notice of Delisting from Nasdaq

That Sonder's business has been struggling is not news, but a potential delisting of the stock could be a warning sign for other struggling companies in the industry that went public prematurely.

Sonder Receives Notice of Delisting from Nasdaq

Hotels

Full Video: Accor Deputy CEO at Skift Future of Lodging Forum 2023

Accor is focused on setting itself apart by offering more than just a place to stay. Jean-Jacques Morin, a top Accor executive, discussed that and more at the Skift Future of Lodging Forum.

Full Video: Accor Deputy CEO at Skift Future of Lodging Forum 2023

News Blog

Sonder’s New Top Financial Exec Has Skin in the Game — 2.7 Million Stock Options

Sonder, the property management company that went public through a blank check merger, or SPAC, found someone to replace its outgoing chief financial officer with the help of 2.7 million stock options as an incentive. The Sonder Europa in Washington, D.C. Source: Sonder It is challenging to recruit a chief financial officer when your stock…

Short-Term Rentals

Vacasa Turnaround Exec Cites the Need for a Vacation Rental Reset Post-Covid

If ever there was a put up or shut up time for vacation rental tech, it is now. Vacasa and top exec T.J. Clark are bent on improving direct relations with homeowners minus nearly 1,600 employees since October.

Vacasa Turnaround Exec Cites the Need for a Vacation Rental Reset Post-Covid

Short-Term Rentals

Sonder Fires 14 Percent of Its Corporate Workforce in Second Recent Layoff Round

Sonder is a prime example of a company that shouldn't have gone public, but the special purpose acquisition company trend enabled it to start trading. From lots of hype to penny stock, that's the story now.

Sonder Fires 14 Percent of Its Corporate Workforce in Second Recent Layoff Round

Mergers and Acquisitions

How Did All Those Travel SPACs End Up Doing?

You win some, you lose some. As quickly as SPACs soared on the hype, they lost much of their luster just as quickly on Wall Street. Travel SPACs were definitely no exception. Take a look at the numbers.

How Did All Those Travel SPACs End Up Doing?

Luxury

Struggling Inspirato Tries to Expand Customer Base on Slowing Subscription Growth

Inspirato, the self-styled "luxury travel subscription brand," is becoming a little less subscription-oriented as it tries to expand its potential customer pool.

Struggling Inspirato Tries to Expand  Customer Base on Slowing Subscription Growth

Hotels

Selina Finally Takes Its Millennial Hotel Brand Public in a Stunning Debut

Shaky financial markets didn't deter Selina from debuting as a publicly traded company, taking advantage of a post-pandemic surge in youth travel. Critics pointed to its lack of profits. But fans praised the hotel brand's relentless experimentation in a sector that's often too cautious.

Selina Finally Takes Its Millennial Hotel Brand Public in a Stunning Debut

Hotels

Selina Pushes Into Music Festivals and Wellness Retreats

It's a tantalizing opportunity for Selina to start producing music festivals and wellness retreats at its hospitality venues through new brands. No lifestyle hotel group has cracked the festival space yet, and wellness has lots more room to run.

Selina Pushes Into Music Festivals and Wellness Retreats

Online Travel

Traveloka Shuts Down Pandemic Business Launches to Refocus on Travel

Having weathered the Covid storm, Traveloka is back to doing what it believes it does best — selling travel.

Traveloka Shuts Down Pandemic Business Launches to Refocus on Travel