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Inspirato Incorporated (NASDAQ: ISPO) is a leading luxury travel subscription company, renowned for offering exclusive access to a meticulously managed and curated portfolio of vacation options. The company operates on an innovative subscription-based model that guarantees high-quality service, certainty, and value for discerning customers.
Inspirato's extensive portfolio includes branded luxury vacation homes, five-star hotel accommodations, and custom travel experiences. Subscribers can enjoy stays at opulent locations in the United States and internationally. The majority of Inspirato's revenue is generated from its U.S. clientele.
The company's distinctive approach ensures that its curated vacation options are maintained to the highest standards, providing members with unique travel experiences. Inspirato's partnerships with premier resorts and hotels further enhance the value and variety offered to subscribers.
Recent developments for Inspirato include a reverse stock split approved by stockholders at a Special Meeting on September 26, 2023. This move aims to increase the stock price, marketability, liquidity, and investor appeal of its Class A common stock. Post-split, the CUSIP number for the Class A Common Stock will change to 45791E206. Additionally, proportional adjustments will be made to outstanding warrants, stock options, and equity awards.
Inspirato's financial health is supported by strategic initiatives and cost control measures. The company has provided guidance for 2024, estimating total revenue between $275 million and $305 million, and an adjusted EBITDA ranging from a loss of $15 million to an income of $5 million. Inspirato anticipates benefiting from its portfolio optimization efforts and plans to align offerings with its priorities for profitable operations, improved member engagement, and increased travel revenue per member.
For more information, visit Inspirato's website and follow @inspirato on Instagram, Facebook, X, and LinkedIn.
Inspirato (NASDAQ: ISPO) announced it will release its first quarter 2023 financial and operating results on May 8, post-market close. Following this release, the company will host a conference call on May 9 at 11:00 a.m. ET, where executives will discuss the results and answer questions from investors. The call can be accessed via the Inspirato Investor Relations website. Founded in 2011, Inspirato is recognized for its luxury travel subscription model, providing affluent travelers with exclusive access to premium vacation homes, hotels, and customized travel experiences. The company revolutionized travel in 2019 with the launch of Inspirato Pass, which includes all costs under a single subscription.
Inspirato has released its inaugural 2022 ESG Report, emphasizing its commitment to responsible operations and sustainability. The Company joined the Sustainable Hospitality Alliance, engaging with major hospitality firms on human rights and climate action. Feedback from a materiality assessment helped shape its ESG initiatives. Key highlights include the establishment of seven employee resource groups and goals for 2023, such as enhancing employee diversity and gathering climate data. The report follows SASB guidance and was showcased on the Nasdaq Tower on March 27, 2023. For further details, visit Inspirato's investor relations website.
Inspirato Incorporated (NASDAQ: ISPO) announced the appointment of Robert Kaiden as its new Chief Financial Officer, effective immediately. Kaiden brings extensive experience from his previous role at Twitter as Chief Accounting Officer and has a history with Deloitte & Touche LLP. His expertise in financial management and operational roles is expected to enhance Inspirato's finance team. Kaiden expressed enthusiasm about joining an innovative brand in luxury travel, aiming to capture a larger market share among affluent travelers. Inspirato continues to focus on providing high-quality travel subscriptions to its customers.
Inspirato Incorporated (NASDAQ: ISPO) announced its 2022 Q4 and full-year results, showcasing significant growth with total revenue of $87 million in Q4, a 27% year-over-year increase, despite a 7% sequential decrease. Full-year 2022 revenue reached $346 million, marking 47% growth from 2021. The company reported 16,100 active subscriptions and launched new platforms to broaden its market reach. However, it revised its 2023 revenue guidance downward to between $350 million and $370 million, reflecting a focus on profitability. Total operating expenses are projected between $135 million and $140 million, with anticipated adjusted EBITDA losses of $10 million to $20 million.
Inspirato and Saks have formed a strategic marketing partnership aimed at enhancing luxury travel experiences for Saks' clientele. This collaboration will enable nearly 3,000 Saks stylists to act as Inspirato brand ambassadors, promoting luxury travel subscriptions online and at Saks Fifth Avenue locations. The partnership, set to launch in Q2 2023, includes comprehensive training for Saks stylists on Inspirato's offerings. Additionally, Inspirato members can apply for the SaksFirst Card to enjoy exclusive rewards. The partnership is expected to leverage Saks' extensive customer base to accelerate Inspirato's growth in the luxury travel market.
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