Takeaway: Regarding the 3 dimensions of price, design, and quality consistency, Sonder introduces technology to drive down the price dimension, so that it can score top marks on all 3. The way Sonder achieves this is through cutting out the fat in the hospitality industry through technology. Landlord Payments represent cash payments to real estate owners recognizing abatement at the time it is utilized (often at the commencement of a real estate contract), expressed in U.S. dollars. Oops! KBW Fintech Payments Conference. Nothing wrong here. Leading up to Sonder's SPAC merger with Gores Metropoulos II, Sonder gave an investor presentation in November 2021 laying out the narrative and future of their company with amazing clarity and transparency. Sonder Holdings Inc. Occupied Nights represent the total number of nights occupied across all Live Units. 27 Jan 2023. Transcript. Data Provided by Refinitiv. The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. A telephone replay of the call is available by dialing 1-844-512-2921 (toll/international 1-412-317-6671) and entering passcode 1143881. Description. As an example, Sonder partners with an apartment REIT (Real Estate Investment Trust) and signs a lease for an unfinished property in order to renovate and operate the property. The Sonder app gives guests full control over their stay. 2021, and a copy of an updated investor presentation provided in a Current Report on Form 8-K filed by GMII with the SEC on July . All rights reserved. Thanks to savings due to tech automation, guest rates are supposed to be very competitive for the value offered. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. In a report by Businesswire dated 18 January 2022, Sonder Holdings Inc. announced it completed its previously announced business combination with Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) ("GM II"), a special purpose acquisition company sponsored by affiliates of The Gores Group, LLC, and Metropoulos & Co. A special meeting of Gores Metropoulos II stockholders approved the business combination on January 14, 2022. When it comes to comparing its metrics, such as RevPar and operating costs, Sonder is comparing itself to hotels, especially to upper upscale hotels where guest rates and service costs are high. Any and all subjective claims and statements made on this site regarding companies or securities are strictly the beliefs and views held by Volt and are in no way meant to be an endorsement by Volt of any company or security and nor is it meant to be a recommendation by Volt to buy, sell, or hold any security.Past performance is no guarantee of future returns. You can read more of our analysis on Sonder's strategic position vs. hotels in this post. Visit us on Twitter; Visit us on . Did you come here for something in particular or just general Riker. Further information about these measures appears under "Key Terms" below. Cash Contribution Margin is defined as Cash Contribution as a percentage of revenue. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Sonder's management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. The content should not be considered investment advice and is for educational purposes only. Sonders innovative app empowers guests by making self-service features and 24/7 on-the-ground support just a tap away. 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Investor Presentation for the Preliminary Fiscal 2021 Fourth Quarter and Full-Year Ended March 31, 2021 Feb 1, 2021 Presentations Investor Call Presentation for the Fiscal 2021 Third Quarter Ended December 31, 2020 Nov 11, 2020 . Heres what Sonder offers to its stakeholders: Sonder is not going public through an IPO as Airbnb did. Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. Source: Sonder Investor Presentation (Nov 2021) If their 2025 revenue projections are close, using the 2x - 8.6x revenue multiples, their market cap growth from their $2B baseline today would be $8B - $34B in 4 years time. So you do not need to waste the time on rewritings. Silk + Sonder is looking for a highly motivated and results-driven Wholesale Account Manager to join our team. Cyxtera Management Q2 2022 Earnings Call. Oct 8 - Oct 11, 2022 Forward-looking statements include, but are not limited to, statements about Sonder's forecasted revenue growth, costs, and cash flow (including Sonder's outlook for revenue and Free Cash Flow for the quarter ending September 30, 2022 and Free Cash Flow for the quarter ending December 31, 2022, and statements about potential cash flow margin), statements about our total addressable market, anticipated numbers of Live and Contracted Units (including Sonder's forecast for growth in Total Portfolio for the year ended December 31, 2022), the statements regarding "Cash Flow Positive Plan," including anticipated cost reductions, targeted capital-light signings and potential cash flow improvements and its plan to reach positive quarterly FCF within 2023 without additional fundraising, the anticipated recovery of travel demand, booking patterns, and other trends, expectations, and objectives discussed in this presentation, potential new markets, and market penetration, innovation plans and initiatives including plans for enhanced app functionality and features, the success of Sonder's corporate travel efforts and other RevPAR initiatives, anticipated unit economics, sustainability initiatives including Sonder's plans to eliminate single-use plastic amenities in its guest units by the end of 2022, and other information concerning Sonder's possible or assumed future financial or operating results and metrics, business strategies, competitive position, industry environment, potential growth opportunities, and future operations. Solomont. Florida is a big travel market. Download the Sonder app on Appleor Google Play. The urban short-term rental category was a victim of the COVID-19 crisis. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. Sonder believes that these non-GAAP financial measures are useful in evaluating its operating performance, and may assist investors in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Jet Token, a private aviation booking and membership platform that supports fractional aircraft ownership, plans to merge with Oxbridge Acquisition in a deal with an enterprise value of $45 million. This presentation (the "Presentation") contemplates a business combination (the "Transaction") involving Forest Road Acquisit ion Corp. ("FRX"), Beachbody, LLC ("Beachbody") and . San Francisco, California, United States 501-1000 Post-IPO Equity Public www.sonder.com 869 Highlights Stock Symbol NASDAQ:SOND Total Funding Amount $839.6M Contacts 516 Employee Profiles 16 Investors 35 Similar Companies 33 Occupancy Rate ("OR") is defined as Occupied Nights divided by Bookable Nights, expressed as a percentage. Sonder is transforming the future of hospitality. Sonder wants to be a global hospitality brand and has already expanded internationally. While many of its well-funded rivals like Stay Alfred and Airbnb-backed Lyric have folded, Sonder's occupancy rate has returned to its pre-pandemic level of near 80%. NOTICE TO THE MARKET. With this technology-enabled experience, guests are in total control of their stay. Sonder illustrates the downfall of 3 different product offerings in the lodging and travel space today. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all. Who: Francis Davidson, Co-Founder & CEO When: Tuesday, June 14, 2022 Time: 2:00 p.m. BST / 9:00 a.m. EDT for the Presentation Where: May Fair Hotel in London Like many companies in late 2020 and early 2021, it is going public via a special acquisition company (SPAC). The company was launched in 2014 and cofounded by Francis Davidson and Martin Picard. TheAccor Apartments & Villas, with its branded residences, extended hotel stay places, and onefinestay apartments and villas, shows that established hospitality brands want to respond to Sonder-type supply. Yet, their recent historical growth rate has been MUCH higher than the median of each of those industries. Unless otherwise noted, any performance returns presented in these materials reflect hypothetical performance. The company aims to increase brand awareness in order to sell directly to consumers. The Sonder and GM II and their respective affiliates own or have rights to various that Sonder's We've encountered a problem, please try again. - Through interactive workshops, conferences, competitions, and resources to stimulate passion in neuroscience, it strives to support students in inclusive and unique ways. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Sonder projects adjusted operating earnings will rise from a US$200-million . Sonder is transforming the future of hospitality. 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