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Sonder Q4 Revenue Up Amid Accounting Issues

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Short-term accommodation provider Sonder Holdings’
fourth-quarter revenue increased to about $164 million from $135 million one
year prior, the company announced Friday, though revenue per available room
slid to about $150 from $158.

Sonder delayed formal reporting of its fourth-quarter and
full-year results, as well as its earnings call with analysts, after it “recently
identified accounting errors related to the valuation and impairment of
operating lease right of use assets and related items for the fiscal years 2022
and 2023,” the company said in a Friday statement. The errors “are
non-cash in nature and will not impact the company’s reported cash balances,”
Sonder said, but noted “the restatements will increase the company’s
overall net loss and loss per share in the impacted periods.”

Sonder’s fourth-quarter occupancy rate of 82 percent was
down from 83 percent one year prior. Its full-year occupancy rate also was 82
percent, up from 81 percent in full-year 2022. 

Sonder’s full-year revenue increased to $603 million from $461
million in 2022. Full-year RevPAR was $151, the same as it was in 2022. 

The company said it had 12,200 live units as of Dec. 31, up
from 9,700 one year prior. 

Sonder last month announced it would lay
off 17 percent of its corporate workforce
.

RELATED: Sonder
Q3 performance



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ChatGPT will create jobs and not replace them, hears Advantage conference

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Agents told they will ‘get through’ period of technological evolution



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BestPrice travel to promote the image of Vietnam at New York’s times square

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This is a self-run activity of BP Group – the holding company of BestPrice Travel, intending to support underprivileged individuals in Vietnam.

On April 9th 2024, BestPrice Travel promoted its “Taste Vietnam” campaign in New York Times Square, proudly presenting the image of Vietnam to the whole world.

Though it was not the first time Vietnam appeared on a billboard at New York’s Times Square, this one came differently. In just 15 seconds, the country was presented with a combination of all landscapes, cultures, and cuisines in one message “Taste with BestPrice Travel”.

Burning desire to bring Vietnam tourism worldwide
Promoting the image of Vietnam at New York Times Square is the initial move in BestPrice Travel’s internalization strategy – the travel company’s genuine desire to make Vietnam’s beauty known to the world.

As an online travel agency, BestPrice Travel provides cruises, tours, and other services for foreign tourists visiting Vietnam and Southeast Asia.

With advanced technology and professional staff, the company has managed to provide services for thousands of inbound tourists every year, receiving numerous certificates and awards, namely 8 years of Travelers’ Choice on TripAdvisor ‘til 2023, nomination for the World Travel Awards 2024 as Vietnam’s Leading Tour Operator & Vietnam’s Leading Travel Agency, and the Prospect Travel Agent Award at the Vietnam International Travel Market 2024.

After 14 years of continuous growth, BestPrice Travel decided to renew the image of the company as well as Vietnam tourism, getting closer to its customers, who live thousands of miles away. Whereby, in February 2024, the “Taste Vietnam” campaign kicked off, targeting European, US, and Canadian markets.

“Taste Vietnam” – The combination of Vietnamese values
Beyond a promotion campaign, “Taste Vietnam” is a chance for BestPrice Travel to provide its customers with genuine values of Vietnam, bridging the distance gap and forging the bond between foreign tourists and the country.

Through “Taste Vietnam” tour packages, visitors are entitled to multisensory experiences, from admiring the magnificent landscapes to tasting the excellent cuisine and joining the off-the-beaten-track traditional activities.

In addition, it is not only experiential but also sentimental values that “Taste Vietnam” could bring to its customers. With every booking successfully purchased, US $1 will be used for charitable purposes. This is a self-run activity of BP Group – the holding company of BestPrice Travel, intending to support underprivileged individuals in Vietnam.

At the moment, BPG Foundation, the fund community under BP Group, is associating with Blue Dragon Children’s Foundation, which rescues, protects, and supports homeless children as well as victims of trafficking in Vietnam. Accordingly, with US $1 from your pay, you would indirectly give a hand to better the life of thousands of Vietnamese kids and people in need.

Save the children’s lives through “Taste Vietnam” campaign
The potential of Vietnamese tourism has never been greater. As a leading company in the industry, BestPrice Travel is relentlessly taking the chance to spread the beauty of Vietnam to the whole world while contributing to the country’s social development. More than ever, your booking matters right now. Let’s book the trip and join the hashtag #TastewithVietnam!

For detailed information about the program, please visit bestpricetravel.com or WhatsApp (+84) 904 699 428.





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Youth agency Kilroy develops slow travel range for solo holidaymakers

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Tripmates features nature-based adventures for clients aged 23-31



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