Skift Take
Inspirato's ticket to growth: focus on cost savings. Plus, it has an investment from Capital One.
Losses continue to mount for luxury hospitality brand Inspirato. The company is burning cash at $15 million per quarter and its revenue is down.
In his first call with analysts and investors as Inspirato's new CEO, Eric Grosse said his goal remains the same: improve operational efficiency and liquidity.
And the way to get there is by cutting costs: software savings, layoffs and pruning the portfolio will save the company $50 million by the end of first quarter next year, said chief financial officer Robert Kaiden. About $30 mil