Sonder's second notice of potential delisting is for a different reason than the first notice a year earlier. Neither, though, is a good look for the struggling company.
There have been a ton of layoffs in various areas of the short-term rental industry over the last year. Facing headwinds, companies are trimming costs and trying to position themselves to new market conditions.
Many smaller cities on the path of totality with short-term rentals have reached 100% occupancy, according to AirDNA. But larger cities aren’t far behind.
Airbnb's new cancellation policy will cover hurricanes — if they trigger government travel bans. But if there is a flu warning in the U.S., a malaria emergency in Thailand, or a Covid-19 outbreak, these situations would not be covered.