Inspirato Incorporated - ISPO STOCK NEWS

Inspirato Incorporated (NASDAQ: ISPO) announced plans to release its Q2 2022 financial results on August 8, 2022, before market open. The company will host a conference call at 11:00 a.m. ET on the same day to discuss the results. Interested parties can access the audio webcast through the Investor Relations website. Inspirato offers a luxury travel subscription service, including exclusive vacation homes and travel experiences.

Inspirato Incorporated (NASDAQ: ISPO) has launched Inspirato Select, a luxury travel subscription service allowing access to over 500,000 trip options in more than 150 destinations. This new subscription, priced at $24,000 annually, includes three trips with all costs covered and is fully transferrable, enabling sharing among friends or employees. As an introductory offer, subscribers receive an additional trip for free. This launch aims to meet significant pent-up demand for luxury travel while enhancing the company's overall business model.

Inspirato reported record operational results for Q1 2022, with total active subscriptions exceeding 15,000, marking an 18% increase year-over-year. The company achieved quarterly revenue of $82 million, a 67% rise, driven by subscription and travel revenue, the latter growing 79% to $50 million. Annual Recurring Revenue hit a record $147 million, up 57%. Despite the growth, Inspirato faced a net loss of $24 million, worse than the previous year, largely due to increased operational expenses. The company anticipates full-year 2022 revenue between $350 million and $360 million.

Inspirato Incorporated (NASDAQ: ISPO) announced plans to release its Q1 2022 financial results after market close on May 11, 2022. The company will hold a conference call on May 12, 2022, at 11:00 a.m. ET to discuss these results. Interested investors can access the audio webcast through the Inspirato Investor Relations website. The company, known for its luxury travel subscription model, provides premium vacation options to affluent travelers.

Inspirato Incorporated (ISPO) announced a partnership with East West Partners to add 11 luxury residences at the historic 71 Wentworth in Charleston, South Carolina, set to be available for booking in early 2023. This initiative aligns with Inspirato's strategy to expand its controlled accommodation portfolio, now totaling a record 653 properties, following the addition of 115 accommodations in Q1 2022. The new residences feature high-end designs, historical architecture, and exceptional service, enhancing Inspirato's luxury travel offerings.

Inspirato Incorporated (NASDAQ: ISPO) announced record-breaking bookings for its 2023 luxury cruise program, achieving over $3 million in reservations within the first 24 hours of launch. This new program features eight custom voyages across five continents, marking a significant expansion from the 2022 offerings. Popular cruises include the Greek Isles Yacht Cruise and the Egypt and The Nile River Cruise, both of which sold out immediately. The company’s commitment to luxury travel is evident as it partners with top providers, ensuring exclusive experiences for its subscribers.

Inspirato (NASDAQ: ISPO) has announced a historic sponsorship deal with the Colorado Open Golf Foundation, becoming the title sponsor of the Colorado Open Championships. This five-year partnership, starting in 2022, allows for equal purses of $250,000 for both men’s and women’s championships, with winners earning $100,000. The Inspirato Colorado Senior Open purse will also see an increase to $90,000. Additionally, Inspirato commits to being the largest donor to the First Tee - Green Valley Ranch program, emphasizing community support and equality in sports.

Inspirato Incorporated (NASDAQ: ISPO) has partnered with Rechler Equity Partners to add 37 luxury residences at Canoe Place in the Hamptons to its portfolio. The first 18 units are available for booking this summer, with a mix of two- to four-bedroom townhomes along the Shinnecock Canal. These new homes enhance Inspirato's presence in a prime vacation destination, catering to affluent subscribers. This expansion follows Inspirato's recent public listing, addressing increasing travel demand as pandemic restrictions ease.

Inspirato announced a record 2021 revenue of $235 million, exceeding guidance by $13 million and reflecting a 42% increase from 2020. The company reported a net loss of $22 million and an Adjusted EBITDA loss of $16 million. Cash flow from operations grew to $29 million, a 148% increase over the prior year. Additionally, Inspirato's active subscriptions reached a record 14,875, while its anticipated 2022 revenue is projected between $350 million and $360 million.