Articles tagged “spacs”

Hotels

Hotel Brand Selina’s Wild Ride as a Penny Stock: Here’s What We Know

Selina's stock price stabilized on Monday after a sharp drop to an all-time low on Friday. The chain of premium hostels and coworking spots is taking steps to escape penny-stock status.

Sean O'Neill | 18 hours ago

Hotel Brand Selina’s Wild Ride as a Penny Stock: Here’s What We Know

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 | 3 weeks ago

Short-Term Rentals

Sonder Proposes Reverse Stock Split to Stay Listed on Nasdaq

A reverse stock split would give Sonder some breathing room, and who knows, it may even tempt institutional investors to take a look.

Dennis Schaal | 4 weeks ago

Sonder Proposes Reverse Stock Split to Stay Listed on Nasdaq

Short-Term Rentals

Inspirato Lays Off 6% of Workforce, Second Round of Cuts This Year

Inspirato's woes do not appear to be a reflection of the broader luxury sector. Perhaps luxury subscriptions, though, don't have as much value in the eyes of wealthy travelers as the company purports.

Dennis Schaal | 1 month ago

Inspirato Lays Off 6% of Workforce, Second Round of Cuts This Year

Travel Technology

Mondee Adds Mobile App and AI Chatbot for Travel Booking

A mobile app, online shopping cart, and easier group travel booking are highlights in a world of outdated tech for travel agents.

Justin Dawes | 1 month ago

Mondee Adds Mobile App and AI Chatbot for Travel Booking

Hotels

Hotel Brand Selina Seeks to Fix Unwieldy Cash Burn

Selina is like a Tesla Roadster sportscar driving down California's Highway 101 on a sunny day while a malfunctioning hood is popping open and the battery's struggling to hold its charge. Everything's fixable, and the views are great. But repairs are urgent.

Sean O'Neill | 4 months ago

Hotel Brand Selina Seeks to Fix Unwieldy Cash Burn

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.

Srividya Kalyanaraman | 4 months ago

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.

Justin Dawes | 4 months ago

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…

Dennis Schaal | 5 months ago

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.

Dennis Schaal | 5 months ago

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