How Sonder Is Riding the Short-Term Rental Wave to Success

Its occupancy rate is about 80% versus around 50% among its competitors

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Driving from San Francisco to Charleston, S.C. with stops across Texas and Georgia, Francis Davidson is one of the few business travelers currently traversing the country, clocking more than 7,000 miles. To the chagrin of public health officials, Davidson simply can’t do his job over Zoom.

The CEO and co-founder of the short-term rental company Sonder spends every night at a property available through his own brand, testing a room’s internet speed in Houston or the inefficiencies of 24-hour hotel service in Savannah, Ga.

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