Welcome to our dedicated page for Inspirato Incorporated news (Ticker: ISPO), a resource for investors and traders seeking the latest updates and insights on Inspirato Incorporated stock.
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 Incorporated (NASDAQ: ISPO) announced the launch of Inspirato for Good, a platform designed to aid nonprofit organizations in fundraising by offering luxury travel packages. The platform enables nonprofits to sell Inspirato vacations at prices of $4,000 or $8,000, keeping 50% of each sale. Donors enjoy a year to select a trip from over 60,000 options across 75 destinations, enhancing donor engagement and fundraising success. This initiative targets the 1.5 million nonprofits in the U.S., providing a premium offering that complements traditional fundraising efforts.
Inspirato (NASDAQ: ISPO) announced that CFO Web Neighbor will participate in a virtual fireside chat at the BofA Securities 2022 Gaming & Lodging Conference on September 9, 2022, at 12:00 p.m. ET. Interested parties can access both live and replay versions of the webcast on the Inspirato Investor Relations website. Inspirato offers luxury vacation options via a subscription model, revolutionizing travel with the introduction of Inspirato Pass in 2019. For more details, visit www.inspirato.com.
Inspirato (NASDAQ: ISPO), a luxury hospitality company, announced that Co-founder and CEO Brent Handler will participate in a fireside chat at the Citi 2022 Global Technology Conference on September 7, 2022, at 9:45 a.m. ET.
The event will be accessible both live and as a replay on their Investor Relations website.
Inspirato offers a subscription model for luxury vacations, giving affluent customers access to a curated portfolio of luxury homes and travel experiences.
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.
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