We’ve known for some time now that West Maui would reopen to tourists on October 8th.
08.09.2023 - 17:23 / skift.com / Dennis Schaal
Property manager Vacasa announced its intent to conduct a one-for-20 reverse stock split that’s geared to get its share price higher than $1 per share and therefore to be continued to trade on Nasdaq.
Its shares were trading for $0.48 midday on Friday.
The reverse stock split, authorized by the Vacasa board of directors September 1, would go into effect before midnight October 2, the company said. Vacasa’s split-adjusted shares would start trading on the stock market the next day.
Several companies, including Sonder, which went public via SPACs and have seen their share prices dip below $1 have similarly announced reverse stock splits.
We’ve known for some time now that West Maui would reopen to tourists on October 8th.
Princess Cruises announced two themed Pacific Coast Wine & Food Experience cruises onboard the Discovery Princess (October 1) and Sapphire Princess (October 8).
Sonder announced Tuesday that it’s 1-for-20 reverse stock split would become legally effective after market close Wednesday, and that its shares would start trading on that basis Thursday morning.
Nassau luxury resort, Baha Mar, revealed the full lineup of events coming to The Bahamas Culinary & Arts Festival, which runs between October 27-29.
Baha Mar, the Caribbean’s leading integrated luxury resort of choice located in Nassau, The Bahamas, reveals the full lineup of events happening at The Bahamas Culinary & Arts Festival at Baha Mar on October 27-29, 2023.
Paul Gauguin Cruises, the luxury cruise line specializing in French Polynesia and the South Pacific, is launching three new itineraries as part of its Boutique Crossing Collection for 2025, focusing on transits between Fiji, Bali, Singapore and Australia.
Mrs. Bain’s objective is to significantly enhance the skill set of the hotel’s staff, thereby propelling Mount Cinnamon to expand its range of service provisions.
Just a little more than two months into his new role as CEO of U.S.-based property manager Vacasa, Rob Greyber detailed his priorities: Downplay acquisitions of vacation rental portfolios in favor of a more productive sales team and organic growth, and tackle longstanding customer support issues at the local level.
Vacasa Chief Commercial Officer Craig Smith left his post abruptly Monday just four months after taking the position, and TurnKey co-founder T.J. Clark replaced Smith in the role, Skift has learned.
G Adventures, the small group tour operator, is restructuring as G Travel Community (GTC). The holding company sets the scene to bring its existing brands into one stable but with expanded space for new brand acquisitions.
Vacation rental property manager Vacasa is eliminating 1,300 positions, which was 17 percent of its workforce, as the company determined it had to make deeper improvements to operations. The firings took place Tuesday, just three months after the company axed 280 staffers.
HomeToGo, the Germany-based vacation rental business that went public in Frankfurt in 2021, said this week that it has started strongly in 2023 and is on track to break even this year.