Sonder Holdings Inc. Provides Revenue Guidance for the First Quarter and Full Year of 2022
Turning to the company's full year 2022 outlook, the company encouraged by the positive trends the company saw over the last several quarters - specifically the impact of leisure travel rebound on ADR and RevPAR - but forecasting several quarters out remains challenging given continued COVID-related uncertainties. The company cautiously optimistic that favorable macro trends will continue, and combined with the company's visibility on growth in Live Units and Bookable Nights, the company expects to increase full year revenue by 100% to 110% from full year 2021.