Sonder Holdings Inc. (SOND) in San Francisco, offers a wide range of lodging solutions–from large rooms to fully furnished suites and apartments–in 35+ markets across 10 countries and three continents. It had roughly 7,600 live units throughout 38 markets and 10 countries as of Dec. 31, 2021, and approximately 10,500 more contractual units.
Its live units grew 54% year-over-year to 7.7k in the first quarter, ended March 31, 2022. Also, the company reported RevPAR of $117 million, representing an increase of 52%. Its occupancy rate increased 700bps to 73%.
