startups
New Hotels and Startups Have Many Things in Common, But Losing Money Shouldn’t Be One of Them
HotStats | January 27, 2020
The stories were everywhere: WeWork, the unicorn darling of the co-working space, valued at $47 billion, was a bleeder. And not just a small puncture, but a gaping gut wound from which some $219,000 came spewing out on an hourly basis, reports said. It turns out that while the company was in expansion mode, the nominal co-working king was losing more money than it was actually taking in. In 2018, according to reports, the company's losses were $1.9 billion on $1.8 billion of revenue. Furthermore, it generated $1.54 billion in revenue in the first six months of 2019, yet posted a net loss of $689.7 million. A math genius one needs not be to...
ALICE Grows Leadership Team with New Hires from Zillow Group and TravelClick
ALICE | April 20, 2016
ALICE announces former Zillow Group Strategic Partnerships Manager Michael Morris as company's new VP of Sales and former TravelClick VP of New Business Development Jessica Kramer as company's new VP of Business Development. New York City, NY -- April 20, 2016 - Hotel operations system ALICE is excited to welcome former Zillow Group Strategic Partnerships Manager Michael Morris and former TravelClick VP of New Business Development Jessica Kramer as the company's new VP of Sales and new VP of Business Development respectively. Morris and Kramer will be responsible for leading and scaling the sales team and expanding hotel partnerships on...
