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Stock impact report

Marriott bets that an overly forgiving policy can retain key guests [Yahoo! Finance]

Sonder Holdings Inc. - Class A (SOND) 
Company Research Source: Yahoo! Finance
The next day, Sonder Holdings, which at one point managed over 9,000 apartments and homes in 40 countries around the world, announced it is filing for Chapter 7 bankruptcy. Unlike Chapter 11, which requires restructuring time, Chapter 7 allows businesses to go straight to liquidation. Marriott ended the partnership due to Sonder's default (financial difficulties), according to the hotel giant's official press release The hotel indicated that customers who had booked a Sonder property through Marriott's channels would get a full refund , and those with future reservations would receive an email about the “potential to rebook at another Marriott Bonvoy property.” With the removal of the Sonder rooms from Marriott's system, the hotel chain's net room growth for 2025 is now expected to reach approximately 4.5%. The remaining outlook metrics the hospitality giant provided Nov. 4 with its quarterly earnings report remain unchanged. The earnings results revealed that Marriott's bet o Show less Read more
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