Sonder Holdings Inc. (Nasdaq: SOND), a global brand of premium apartments and boutique hotels, announced its financial results for the fourth quarter and full year 2024. The company reported fourth-quarter revenue of $161 million, a 2% decrease from the previous year. However, RevPAR (revenue per available room) increased by 19% year-over-year to $180, and the occupancy rate rose by three percentage points to 85%. Net income saw a significant increase of 128% year-over-year, reaching $31 million. Adjusted EBITDA improved by 51% to $(20) million, while Adjusted EBITDAR rose by 20% to $50 million. The company used $39 million in cash for operating activities, a slight increase of 1% from the previous year. For the full year 2024, Sonder's RevPAR increased by 5% to $159. Adjusted EBITDA improved by 38% to $(105) million, and Adjusted EBITDAR increased by 30% to $196 million. Operating cash usage increased by 17% to $129 million. Sonder also highlighted a strategic development, entering a long-term licensing agreement with Marriott International in August 2024, with full integration completed by the second quarter of 2025. As of June 2025, all Sonder properties are bookable through Marriott's digital platforms under the "Sonder by Marriott Bonvoy" collection. Additionally, as part of its Portfolio Optimization Program, Sonder exited or reduced rent for approximately 4,500 units by December 2024 to address underperforming properties.