Ramel Diana Sao's questions to Inspirato (ISPO) leadership • Q4 2024
Question
Asked for an update on the company's previously announced $40 million annualized cost savings program, its progress, and future plans, particularly concerning lease optimization.
Answer
The company has already actioned the full $40 million in targeted cost savings, which is reflected in their current guidance. A large part came from terminating an underperforming lease. They continue to see opportunities for an additional $4-5 million in lease savings through ongoing optimization.