Articles tagged “sonder”

Short-Term Rentals

Sonder Lost Nearly $80 Million More in 2022 Than Previously Stated, Focuses on Marriott Integration

The implementation of the Marriott partnership can't come soon enough for Sonder, and it won't kick in until 2025.

Dennis Schaal | 2 months ago

Sonder Lost Nearly $80 Million More in 2022 Than Previously Stated, Focuses on Marriott Integration

Hotels

Hotel Giants Turn to Loyalty Licensing Deals: 10 Things to Know

Major hotel groups are playing Pokémon with their loyalty programs. Instead of collecting rare game cards, they're adding new sets of travelers to their databases. Gotta catch 'em all.

Sean O'Neill | 3 months ago

Hotel Giants Turn to Loyalty Licensing Deals: 10 Things to Know

Podcasts

Marriott-Sonder Deal, Mallorca and Short-Term Rentals and Most Connected Airports

Today's podcast looks at Marriott's partnership with Sonder, Mallorca's short-term rental shrinkage, and the airports with the most non-stop destinations.

Rashaad Jorden | 3 months ago

Marriott-Sonder Deal, Mallorca and Short-Term Rentals and Most Connected Airports

Daily Lodging Report

Marriott Drops Sonder a Lifeline

Marriott International has entered a long-term licensing agreement with Sonder Holdings to add over 9,000 rooms to its portfolio under a new "Sonder by Marriott Bonvoy" collection, contributing to a projected 2024 net room growth of 6-6.5%.

3 months ago
Marriott Drops Sonder a Lifeline

Short-Term Rentals

Sonder-Marriott Deal: What the Fine Print Says About Distribution and Royalties

Sonder gets new marketing and distribution power through the licensing deal. While a positive, this isn't a panacea for Sonder's fundamental problems.

Dennis Schaal | 3 months ago

Sonder-Marriott Deal: What the Fine Print Says About Distribution and Royalties

Hotels

Marriott Signs Loyalty Tie-Up With Sonder Similar to MGM Resorts Deal

Sonder has recently struggled, having not been profitable since going public in a blank check deal in 2022. The heft of Marriott's distribution system will boost the company. Marriott will gain access to Sonder's units, many of which are roomy apartment-style lodging and in neighborhoods where it's hard to build hotels.

Sean O'Neill | 3 months ago

Marriott Signs Loyalty Tie-Up With Sonder Similar to MGM Resorts Deal

Short-Term Rentals

Sonder Exited 60 Buildings, Gains $10 Million in Refinancing Deal

Sonder is on a painful drive to rid itself of bad leases, to renegotiate others, and then it has to restate two years of earnings. This isn't easy stuff.

Dennis Schaal | 5 months ago

Sonder Exited 60 Buildings, Gains $10 Million in Refinancing Deal

Short-Term Rentals

Airbnb Thinks Its Edge Over Vrbo and Booking Is Individual Hosts

The easier route for platforms to scale listings is to contract with property managers. But Airbnb thinks that the secret sauce is individual hosts.

Dennis Schaal | 6 months ago

Airbnb Thinks Its Edge Over Vrbo and Booking Is Individual Hosts

Short-Term Rentals

Sonder Faces Potential Nasdaq Delisting —Again

Sonder's second notice of potential delisting is for a different reason than the first notice a year earlier. Neither, though, is a good look for the struggling company.

Dennis Schaal | 7 months ago

Sonder Faces Potential Nasdaq Delisting —Again

Short-Term Rentals

Sonder Rivals Take Over Some of Its Properties

Landlords approached Sonders' rivals to take over properties where Sonder was trying to renegotiate terms or exit from master leases.

Srividya Kalyanaraman | 8 months ago

Sonder Rivals Take Over Some of Its Properties