Articles tagged “sonder”

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 | 7 days 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 | 1 month ago

Short-Term Rentals

Sonder Ups Its Bets on Hotels

Sonder's latest strategy: focus on hotels

Srividya Kalyanaraman | 1 month 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 | 2 months ago

Short-Term Rentals

A Trimmed Down VTrips Laid Off 9% of Its Employees

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

Dennis Schaal | 3 months ago

A Trimmed Down VTrips Laid Off 9% of Its Employees

Daily Lodging Report

Sonder Announces Reverse Split, Hopes to Stay on Nasdaq

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.

3 months ago

News Blog

Sonder’s 1-For-20 Reverse Stock Split to Become Effective Wednesday at Market Close

Sonder announced Tuesday that its 1-for-20 reverse stock split would become legally effective after market close Wednesday, and that its shares would start trading on that basis Thursday morning. The move is geared to get the stock trading at more than $1 per share in compliance with Nasdaq rules. "As of the Effective Time, every…

Dennis Schaal | 3 months ago

News Blog

Vacasa Announces Reverse Stock Split

Property manager Vacasa announced its intent to conduct a one-for-20 reverse stock split that's geared to get its share price higher than $1 per share and therefore to be continued to trade on Nasdaq. A vacation rental that Vacasa manages. Source: Vacasa Its shares were trading for $0.48 midday on Friday. The reverse stock split,…

Dennis Schaal | 4 months ago

Short-Term Rentals

How Sonder Straddles the Hotel and Short-Term Rental Divide

What is a Sonder-managed property these days? It's a very eclectic mix of apartments, hotels and resorts. It's tough to create an identity that way, but the company is betting that such diversity works.

Dennis Schaal | 5 months ago

How Sonder Straddles the Hotel and Short-Term Rental Divide

News Blog

Sonder Sets Shareholder Meeting to Approve Stock Split to Stay on Nasdaq

Sonder shareholders will vote in a special meeting September 15 on whether to give the board approval to carry out a reverse stock split — with the split ratio subject to the board's discretion. Sonder CEO Francis Davidson on stage with Skift Director of Research Seth Borko at the Skift Short-Term Rental Summit on June…

Dennis Schaal | 5 months ago