Sonder News Today: Bankruptcy Shocks Global Hospitality Market
Sonder, a major player in the short-term rental market and a competitor to Airbnb, has unexpectedly declared bankruptcy. This move comes after its partnership with Marriott ended, leaving guests across the globe without accommodations. The unfolding situation underscores significant issues in the highly competitive rental industry, where businesses face considerable pressure to maintain profitability and innovative service models.
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