Articles tagged “vacasa”

Sonder's delayed stock market debut came to be, finally. Now with a $310 million injection of proceeds from private investors, and tapping into a $165 million credit line, the company can go about its business trying to build the next household name hospitality brand.

Good morning from Skift. It’s Wednesday, January 12, in New York City. Here’s what you need to know about the business of travel today.

Stock markets, at their best, can be hype killers, and public investors shot down many inflated private company valuations in 2021. This may be a sobering development for IPO and SPAC wannabes in 2022.

Will Sonder be a household name brand in accommodations in five years? The company hopes its Nasdaq debut in January, and a nifty $310 million in proceeds, will be the next stage in that evolution.

Trip.com Group, Airbnb, and other online travel agencies have all made commitments to up their travel inspiration games. Pandemic uncertainties and anxieties will bolster their efforts.

AvantStay's move into brokerage services sets it apart from most of its peers. But as Zillow's experience of flipping houses and getting burned highlights, real estate can be a very risky sector.

In Skift's top stories this week, Fiji's new tourism campaign resurrects old colonial tropes and ignores its host communities, Vacasa goes public with, well, meh results, and Marriott puts a fresh coat of paint on its Courtyard Hotels, but so much more, too, in an overdue refresh.

Vacasa's market cap comeuppance in its first day of trading doesn't have huge significance. Are many private valuations inflated these days? For sure. But Vacasa's debut in a SPAC deal is a milestone for a bevy of startups seeking similar paths.

Omicron won't deter Vacasa's debut as a publicly traded company as it takes advantage of the pandemic-era surge in vacation rental growth.

In Skift's top stories this week, a new report delves into the downsides of remote work, the U.S. implements new travel requirements to combat the Omicron variant, and hotels express concern about how governments might impact their recovery.