Sonder Sees Its U.S. Short-Term Rental and Hotel Business Stabilizing


Skift Take

Sonder's financial results underscored how the momentum in the U.S. domestic travel rebound has continued to intensify. But if you want a glimpse of what investors really think of this startup's business, you'll have to wait until it starts trading publicly later this year.

Sonder, a travel startup known for turning properties into short-term rental buildings and hotels, revealed financial results for the first quarter late Wednesday that showed it generated total revenue of $31.6 million, an 11 percent year-over-year rise in the pe