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s B Sonder Sonder Holdings Inc. Reports Record Revenue for Q3 and Raises FY 2021 Revenue and Adjusted EBITDA Outlook November 9 , 2021 Record Q3 2021 Revenue of $ 67.5M , Up 155 % YoY $ 126 Revenue per Available Room , Up 64 % YoY and 26 % vs. Q2 2021 Raises Outlook for FY 2021 Total Revenue to $ 200M - $ 205M vs. prior Outlook of $ 180M - $ 190M November 09 , 2021 07:01 AM Eastern Standard Time SAN FRANCISCO -- ( BUSINESS WIRE ) -- Sonder Holdings Inc. ( " Sonder " or the " Company " ) , a leading next - generation hospitality company that is redefining the guest experience through technology and design , today announced financial results for the three months ended September 30 , 2021 . " We had another stellar quarter , setting a new company record for quarterly revenue and year - over - year growth with leisure travel demand surging in both our international and domestic markets . Labor Day weekend 2021 generated our highest demand of any holiday since President's Day weekend 2020 with our Revenue per Available Room ( " RevPAR " ) reaching $ 160 , approximately 97 % of 2019 Labor Day weekend levels . We're aggressively growing our global portfolio to meet this demand and are on track to surpass 18,000 Live and Contracted Units by the end of the year . Our compelling value proposition for real estate partners continues to propel our growth as we successfully secure exceptional properties at attractive economics . Recent highlights include opening our first hotel in France , the Sonder Atala , which is steps from the Champs - Élysées , expanding in coveted neighborhoods in Mexico City and Dubai , and continuing to grow our footprint in the United States , " said Francis Davidson , Co - Founder and CEO of Sonder . " The innovation flywheel continued to accelerate in Q3 as well . We launched a redesigned guest app bringing all stay information and services onto a single screen , and continued to build out the operating system for hospitality which we believe will translate into a better guest experience and superior economics . We also unveiled a flexible work - choice model , providing our people with the freedom to work in a way that suits them best so that we can stay focused on delivering results , " continued Davidson . Sanjay Banker , President and CFO of Sonder , said : " Travel is rebounding sharply across our 38 live global markets with RevPAR at 83 % of Q3 2019 ( pre - pandemic ) levels and occupancy rates near 70 percent . We saw robust Average Daily Rates ( " ADR " ) of $ 184 for the quarter , driven primarily by a combination of demand acceleration and our sales and marketing efforts . Additionally , our live portfolio continues to expand and drive more bookable nights . Given these strong leading indicators combined with our sustained revenue outperformance year - to - date , we're once again raising our total revenue outlook for full year 2021 , and also raising our Adjusted EBITDA outlook for full year 2021. " Third Quarter 2021 Financial Results • Total Revenue of $ 67.5 million , a 155 % year - over - year increase and a 43 % increase over Q2 2021 • $ 184 ADR , a 79 % year - over - year increase and a 25 % increase over Q2 2021 • $ 126 RevPAR , a 64 % year - over - year increase and a 26 % increase over Q2 2021 • 17 % RevPAR outperformance versus traditional hotels ( upper upscale hotels in cities where Sonder operates ) , up from a 5 % discount to traditional hotels in Q3 2019 ( normalized for pre - pandemic ) • Continued strong Occupancy Rate of 68 % , 600 bps below Q3 2020 in which we saw elevated occupancy due to significant ADR discounting during the height of the COVID - 19 pandemic , and consistent with Q2 2021 levels • 535,603 Bookable Nights , a 55 % year - over - year increase and a 13 % increase over Q2 2021 • Property Level Loss of approximately $ 4 million , an improvement of nearly $ 3 million year - over - year and over $ 8 million compared to Q2 2021 Third Quarter 2021 Corporate Highlights • Approximately 6,300 Live Units and over 16,000 total Live and Contracted Units as of September 30 , 2021 • Announced incremental investment of - $ 330 million and resulting total capital of ~ $ 530 million provides for a fully funded business plan , in addition to trust proceeds of up to $ 450 million • Continued to build a world class board of directors : named Frits van Paasschen , current member of the Board and former President and CEO of Starwood Hotels , as Lead Independent Director ; appointed Janice L. Sears , former Bank of America executive , as a Director and Audit Committee Chair ; and appointed Gilda Perez - Alvarado , Global CEO of the Hotels & Hospitality Group at JLL , as a Director • Launched operations in France with the Sonder Atala , a 48 - unit property located steps from the iconic Champs - Elysées in Paris , and recently contracted an additional 25 - unit property in the eclectic and trendy 17th arrondissement • Expanded footprint in Mexico City , contracting over 600 additional units across eight properties , concentrated primarily in