Sonder Restructuring Presentation Deck
STR & CBRE's latest market forecasts predict sustained urban RevPAR
growth, driven by a partial recovery of business travel'
Annual RevPAR as a % of 2019 RevPAR for urban upper-upscale hotels, Sonder market-weighted
STR Traditional Hotels
(Urban - Upper Upscale)
100%
100%
Sonder
32%
28%
CBRE Traditional Hotels
(Urban - Upper Upscale + Luxury)
54%
2021
69%
82%
51%
80%
2022
47%
62%
83%
We've sensitized our forecast against several historical
recessions to maintain ample cash cushion across a
range of scenarios
90%
2019
2020
STR y/y Growth
(68)%
CBRE yy Growth
(72)%
Source: STR (April 2022), CBRE (March 2022). (1) Deloitte Insights expects business travel to grow from 36% of 2019 levels in Q2 2022 to 63% of 2019 levels in Q2 2023.
97%
2023
13%
17%
101%
107%
2024
12%
10%
109%
114%
2025
7%
7%
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