Sweden is considered to be one of the most sustainable countries in the world… but it also happens to produce an impressive volume of internationally renowned designers and fashion houses given the size of the country.
06.12.2023 - 04:18 / skift.com / Dennis Schaal / Srividya Kalyanaraman
Welcome to a brand new week, folks! After a harrowing trip back home, I can confirm that Europe has an airport staff shortage.
Also, if you’re at the VRMA conference in Orlando, make sure to say hi to Skift Executive Editor Dennis Schaal.
Alright, onwards.
Luxury brand Inspirato is implementing a 1-for-20 reverse stock split of its Class A, Class B non-voting, and Class V common stock to meet Nasdaq’s $1 bid price requirement — similar to Vacasa and Sonder’s stock split.
Inspirato’s Class A Common Stock resumed trading on Nasdaq October 17, retaining the ticker symbol ISPO. Stockholders approved the reverse split at a special meeting on September 26, 2023, allowing the board to determine the ratio and timing. At Monday’s close, Inspirato traded at $4.06 per share.
In a written statement to Skift, Inspirato CEO Eric Grosse said, “Our reverse stock split was done to maintain compliance with Nasdaq, and we believe recent actions, plus our $25 million Capital One Ventures strategic partnership, will position us for a return to profitability while also maintaining our strong luxury value proposition to members.”
With mounting losses, two rounds of layoffs, a new CEO, an investment from Capital One, and more partnerships, Inspirato has had an eventful year so far.
The company anticipates a full-year 2023 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) loss between $30 million and $45 million. And this is what Grosse was brought in to change.
“My number one focus is improving member experience, two, to strengthen our near-term financial performance and to get the Inspirato experience in front of more travelers,” Grosse told Skift at the time of his appointment in September.
Several companies including Sonder and Vacasa that went public via SPACs during Covid and have seen their share prices dip below $1 have similarly announced reverse stock splits. Perhaps this illustrates what industry experts often warn of: the risk of scaling too big too soon.
Short-term rental investment platform ReAlpha has just gone public. The Dublin, Ohio-based company began trading its common stock on Nasdaq under AIRE on Monday. CEO Giri Devanur believes this Nasdaq listing will enhance its real estate-focused AI mission and support growth through acquisitions and expanded investor appeal. In March, reAlpha, launched its fractional ownership platform for short-term rentals.
Your.Rentals has raised €2.7 million ($2.8 million) in growth financing through an investment from Trind Ventures and through equity crowdfunding platform Seedrs. With this capital Your.Rentals will expand its offerings including advanced payouts and revenue-backed loans for owners and property managers. Your.Rentals is
Sweden is considered to be one of the most sustainable countries in the world… but it also happens to produce an impressive volume of internationally renowned designers and fashion houses given the size of the country.
The latest signs of a major transformation at India's flagship airline are taking shape.
Abu Dhabi tends to play second fiddle to Dubai when it comes to luxury and lavish associations, but the emirate is quickly catching up to its neighbor thanks to hotels like the Shangri-La. Situated in the heart of the city of Abu Dhabi, the Shangri-La Hotel offers a blend of contemporary comfort and traditional Arabian charm, making it one of the best places to stay when visiting the city for the first time.
Soaring 828 meters over Dubai, the Burj Khalifa has clung to its status as the world’s tallest building for more than a decade. Levels 124 and 125 are dedicated to 360-degree observation decks although the viewpoints from the waterside parks will leave you equally agog. Even better, how about from the balcony or rooftop pool of your accommodation in Downtown Dubai? These dazzling Dubai Airbnbs near the Burj Khalifa are worth shelling out for – especially when they come with a view.
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The Louvre Museum said it would raise its basic ticket price to 22 euros from 17 euros beginning next month in the latest sign that visitors may face higher costs ahead of next year’s Summer Olympics in Paris.
“Sometimes you have to do things you’ve never done to get to places you’ve never been.” These are the words of wisdom offered by our mountain guide, Espen Minde, as we take a break from climbing 1,000 metres on skis up an unnamed peak in Norway’s Lyngen Alps. Something, indeed, I’d never done before. We’re also climbing straight into a blizzard. Normally, in conditions like these, I’d have turned back or maybe not even set off in the first place. But Espen, being a Norwegian mountain guide, isn’t put off by driving snow, howling winds and zero visibility. And as our group — comprising six other skiers — has every confidence in Espen’s years of experience touring these wild, often unnamed mountains, we plough on.
December brings frigid temperatures and howling winds to the city of Boston, but fortunately, the holiday season serves as a major silver lining for winter residents. Clad in twinkling lights and a towering Christmas tree gifted from Nova Scotia, the city takes on a particularly charming ambiance that makes it well worth visiting in spite of the weather—and as an added bonus, Boston’s hottest hotels, bars and restaurants are all joining in on the festivities. As you plan your next foray into New England’s most dazzling city, don’t miss out on these holiday-themed promotions and events.
Belize, a small yet mesmerizing country nestled on the eastern coast of Central America, is a haven for nature enthusiasts and adventure seekers. While the azure waters of the Caribbean Sea and the ancient mysteries of Mayan ruins often steal the spotlight, the lush jungles of Belize remain an undiscovered gem waiting to be explored. For those seeking a unique and immersive experience, exploring Belize on horseback offers a thrilling journey into the heart of the jungle, providing an opportunity to connect with nature in a way that is both exhilarating and authentic.
It began on September 1, 1944, in the sleepy community of Mattoon, Illinois, at the home of Aline Kearney and her three-year-old daughter, Dorothy Ellen. Her husband was away, serving in the Navy, and Aline’s sister Martha was staying with her. That evening, Aline noticed a “sickening, sweet odor,” though Martha didn’t report smelling anything unusual. Abruptly, Aline’s legs seemed to become paralyzed, and she felt a tightness and a dryness in her throat.
Pelicans preen and glide. Jacana birds, precise as ballerinas, point their improbably elongated toes. Pied kingfishers flit in and out of their lakeside nest holes, saddle-billed storks patrol the grassy banks and skimmers speed across the silver-blue water, scooping up beakfuls mid-flight. Everywhere I look, there are birds in abundance. The safari boat is the perfect platform from which to watch: open-sided, smooth and near-silent.
This article delves into how the cost of living crisis is reshaping travel trends in the UK.