INSPIRATO INCORPORATED Stock Price, News & Analysis

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.

Inspirato (NASDAQ: ISPO), a luxury travel subscription brand, will announce its fourth quarter and year-end 2022 financial results on March 15, 2023. A conference call scheduled for March 16 at 11:00 a.m. ET will provide insights into these results. The company offers affluent travelers a managed portfolio of luxury vacation options through its subscription model, including exclusive luxury homes and five-star accommodations. Inspirato Pass, introduced in 2019, revolutionizes travel by encompassing all costs in its subscription.

Inspirato, a luxury travel subscription brand, announced a workforce reduction affecting 12% of its staff to manage costs amid macroeconomic uncertainty. This decision leaves the company with over 800 employees, up by more than 300 since December 2020. CEO Brent Handler emphasized that this move is aimed at achieving Adjusted EBITDA breakeven in 2023 while maintaining service quality for subscribers. Inspirato plans to share more details in its upcoming fourth-quarter and full-year 2022 financial results report.

Inspirato, a luxury travel subscription brand, reported strong Q3 2022 results with record revenue of $93 million, up 44% year-over-year. Subscription revenue rose 53% to $39 million, while travel revenue increased by 38% to $55 million. Active subscriptions reached 16,300, a 16% increase, and Annual Recurring Revenue grew 45% to $167 million. However, the company revised its 2022 guidance, expecting full-year revenue of approximately $340 million and an Adjusted EBITDA loss of about $35 million due to lower occupancy and new subscription sales. Cash end-of-year is projected at $80 million.

Inspirato Incorporated (NASDAQ: ISPO) announced plans to release its third quarter 2022 financial results on December 19, 2022, after market close. A conference call will be held on December 20 at 9:00 a.m. ET to discuss these results. Interested parties can access the audio webcast through the Inspirato Investor Relations website. Inspirato is known for its luxury travel subscription service, providing exclusive access to a portfolio of premium vacation options.

Inspirato Incorporated (NASDAQ: ISPO) has launched JauntLiving, a new members-only benefit for luxury vacation rentals. This program allows members to book stays ranging from 14 days to a year in popular destinations like Hamptons and Vail at flat rates, including all fees. The service aims to address the increasing demand for extended vacations, providing significant savings that can exceed the annual subscription cost. Inspirato aims to offer exceptional personalized service to enhance members' experiences during their stays.