Vacasa is trying to achieve profitability in 2023 while homeowners are leaving its platform, and it's forecasting that gross booking values will decline. Tough stuff.
Some might argue that Vacasa is getting a substantial injection of Expedia DNA. The new CEO, chief commercial officer and principal operating officer all have Expedia ties.
In Skift's top stories this week, Vacasa makes another round of layoffs, Accor's CEO defends its major corporate overhaul, and more Americans plan to cut travel spending.
Google advises "we never sell your personal information." But it should add the following disclaimer: But we make an almost unfathomable amount of money from it.
It's clear that Vacasa's ranks were bloated, and that the company was not very well-run in recent years. Like several other now-struggling, newly public companies, Vacasa faces a challenging road ahead.
A bunch of companies that pledge to break even or better on an adjusted EBITDA basis this year will actually be in the red using more standard financial measures. These financial makeovers are very much in vogue.
You win some, you lose some. As quickly as SPACs soared on the hype, they lost much of their luster just as quickly on Wall Street. Travel SPACs were definitely no exception. Take a look at the numbers.
Sonder will have to see if it can make its pricing competitive while eliminating cleaning fees as a separate guest charge. There could be some reputational upside if the financials work out.
In contrast to some other newbie CEOs, Rob Greyber articulated a clear vision about a new strategy during his first earnings call at the helm of Vacasa. If his focus on execution becomes reality, then the company could get turned around in earnest.