Luxury Travel Deals Abound -- Join the Club
NEW YORK ( TheStreet) -- Membership has its privileges, especially when it comes to scoring great travel deals.
The latest wrinkle in the eternal search for a travel deal is the rise of private travel sales that offer deep discounts on luxury hotels and travel packages to members only in sales that aren't advertised to the public. They may be the ultimate tool for travelers who want to enjoy luxe for less. Discounts of 40% and more are not unheard of for luxury properties that have unsold inventory due to the sluggish economy or simply because it's off-season in their part of the world.
Private, invitation-only travel deals bear some similarities to flash sales on airfares and hotel rooms that have proliferated in the past year or so on social networks and micro-blogging sites such as Twitter. But other than sharing an online provenance and having tight book-by dates, the two are very different.
Unlike flash sales, which are open to anyone and cover a wide range of properties and budgets, private, invitation-only travel sites -- clubs, in a manner of speaking -- focus on the high end of the market. They feature posh, 5-star hotels and resorts that have often been vetted in person by the site's staff. Gilt-edged properties included in private sales in recent months include the W Hotel Barcelona, New York's Hotel Plaza Athenee, Four Seasons Resort Costa Rica and Aspen's Snowmass resort. Private sales typically allow wide windows for travel dates -- often months instead of days.Although private travel generates buzz by cultivating an aura of exclusivity, getting invited is actually not hard. The fastest way to join is by knowing someone who is already a member and have them invite you -- rather like joining a physical club. Otherwise, joining can be as simple as going to a popular site such as Jetsetter.com, TabletHotels.com, Ruelala.com or Vacationist.com -- a collaboration between Travel + Leisure magazine and LuxuryLink.com that debuted last month. You provide your e-mail address and state your interest in joining. There is likely to be a virtual queue -- part of the aura of exclusivity again -- so it will take longer that way, but you're highly likely to get in. Once you're in, you get frequent e-mail alerts about what's on offer. Memberships are typically free. Sales are first-come, first-served. Most sites mount a sale a week. Purchases are non-refundable.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV