Inspirato’s Problems Run Deep Despite Blame on Macroeconomic Issues
Photo Credit: An Inspirato vacation rental property at a resort in Los Cabos, Mexico. The company has been expanding beyond its core luxury subscription business. Inspirato
Skift Take
Despite fears of a looming recession, luxury travel has been very strong. However, luxury subscription brand Inspirato has slashed its workforce and downgraded full-year guidance, seemingly hiding deeper issues within the company behind a veil of macroeconomic uncertainty.
Inspirato, the luxury hospitality subscription brand, has cited “ongoing macroeconomic uncertainty” as it made workforce cuts and scaled back its 2022 financial outlook, yet this is at odds with the bullish commentary from other travel companies, especially as regions like Asia reopen for international travel.
This suggests deeper problems at Inspirato, a company which went public in February 2022 via a special purpose acquisition company merger, and saw its stock price soar from $10 to $55 in a week. This induced a short squeeze, and Inspirato is now trading at just $1.30 per share, with the stock down more than 70 percent in the last six months.
Inspirato has not been immune to investor fears of a looming recession, as many hospitality and travel companies saw their stock prices impacted in 2022. While major hotels and online travel agencies such as Hilton, Hyatt and Expedia are seeing a stock rally in the last few weeks, up 10-30 percent year to dat
