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Podcast: Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management
Episode: Short-term Rental Startup Sonder Cuts Staff 20%
Description: Things are changing and evolving in the economy, and with rising rents and fluctuation in the real estate industry, it was bound to trickle down into the STR market. This week Sonder, one of the biggest short-term rental companies in the world, announced it is cutting 20% of its workforce. On this edition of STR Conversations, Eric and I walk you through Sonder's announcement, their first-quarter losses, and the reality of the over-leveraged master leasing model in a post-Covid market. We discuss what we believe the forecast will be...