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Market
How will Sonder Holdings' market share change in the hospitality industry by December 31, 2024?
3
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Story
Sonder Holdings Signs 20-Year Deal with Marriott, Shares Rise 16.8%
Aug 19, 2024, 11:31 AM
Sonder Holdings Inc. has announced a strategic licensing agreement with Marriott International, which includes a series of deals to raise capital and integrate Sonder's brand into Marriott's system. This agreement is expected to last for 20 years, providing a significant boost to Sonder's business prospects. The announcement led to a notable increase in Sonder's stock price, with shares rising by 16.8% in pre-market trading.
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