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Inspirato debuts Inspirato Tickets and enhances Pass
Reading Time: 2 minutesUS: Luxury travel subscription company Inspirato has unveiled a new suit of benefits, including enhancing its existing luxury travel subscription, Inspirato Pass, and debuting Inspirato Tickets. It comes as Inspirato celebrates its tenth year in business and is gearing up to be publicly listed through a deal with special purpose acquisition company [SPAC] Thayer Ventures […]
Vacasa reports record Q3 results before imminent SPAC merger
Reading Time: 4 minutesUS: Portland-based vacation rental management platform Vacasa has followed the lead of Airbnb by announcing record-setting financial results for a third quarter, which ended on 30 September. In addition, the company provided an update on its upcoming SPAC merger with special purpose acquisition company TPG Pace Solutions, revealing that it currently expects to close the […]
Vacasa releases new homeowner app and expands tech platform
Reading Time: 3 minutesUS: Portland-based vacation rental management platform Vacasa has announced the release of its homeowner app connecting homeowners with insights into the management, care and performance of their vacation rental home. The Vacasa Homeowner app is seen as a key addition to Vacasa’s suite of technologies to professionalise the vacation rental experience for homeowners and guests, and […]
Sonder downgrades valuation expectations to $1.9bn for SPAC
Reading Time: 2 minutesUS: San Francisco-based short-term rental lodging startup Sonder is downgrading its valuation estimate from $2.2 billion to $1.925 billion ahead of its proposed merger deal with special purpose acquisition company [SPAC] Gores Metropoulos II due to a “strategic revision of the transaction terms”. Sonder, which announced in April that it was set to go to […]
HomeToGo to receive $295m funding injection as SPAC moves closer
Reading Time: < 1 minuteGermany: A special purpose acquisition company [SPAC] merger between vacation rental distribution channel and metasearch engine, HomeToGo, and listed shell company Lakestar SPAC I has moved a step closer after shareholders unanimously backed the transaction. Although proceeds from the deal were reduced by investor redemptions, Berlin-based travel tech startup HomeToGo will receive a funding injection of […]
SmartRent goes public in $2.2bn SPAC merger
Reading Time: 2 minutesUS: SmartRent, a leading provider of smart home and smart building automation for property owners, managers, developers, homebuilders and residents, has completed its business combination with special purpose acquisition company [SPAC] Fifth Wall Acquisition Corp. I., sponsored by an affiliate of venture capital firm Fifth Wall. As a result of the business combination, SmartRent has […]
Sonder reports record revenue for Q2
Reading Time: 3 minutesUS: Next-generation hospitality company Sonder has announced the strongest quarterly revenue in its history in financial results for the three months ending at 30 June 2021. The company claims that this has been driven by a “robust” recovery of leisure travel demand and the continued rapid expansion of its Live Unit portfolio. Sonder co-founder […]
Vacasa to go public at $4.5bn valuation via SPAC merger
Reading Time: 3 minutesUS: Portland-based vacation rental management platform Vacasa has announced that it has entered into an agreement to become a publicly traded company through a business merger with special purpose acquisition company [SPAC] TPG Pace Solutions. Upon closure of the transaction, the combined company is expected to trade publicly under the ticker symbol ‘VCSA’ and earn Vacasa a […]
Sonder launches on GDS to expand into business travel
Reading Time: 2 minutesUS: Next-generation lodging company Sonder has announced that it has launched on the Global Distribution System [GDS] and that it is now partnered with a number of high-profile travel management companies [TMCs] and consortia, including Egencia and TripActions, among other partners. Kristen Richter, vice president of sales at Sonder, said: “Sonder’s launch on the GDS […]
HomeToGo and Lakestar SPAC to combine in €1.2bn merger
Reading Time: 3 minutesGermany: Vacation rental distribution channel and metasearch engine, HomeToGo, has announced that it is entered into a definitive agreement to merge with publicly listed special purpose acquisition company Lakestar SPAC I in a €1.2 billion [$1.41 billion] transaction. Under the terms of the transaction which is expected to close in the third quarter of 2021, […]