Expert Advice

Buy Now, Stay Later to Invest in Your Future Vacations

by Pavia Rosati
Hotels Photo by Jason Briscoe / Unsplash.

Buy Now, Stay Later is an innovative new program that just launched to help the hotel industry weather this debilitating coronavirus pandemic.

The idea is simple: Travelers can invest in hotel "bonds" in increments of $100, directly from participating hotels. After 60 days, that $100 will be worth $150 in credit at the selected hotel, which can be redeemed in the future when it's safe to travel.

So $300 becomes $450, $500 becomes $750, $1,000 becomes $1,500.

It's a win-win: You get to invest in your future travel at a discount, and the hotels get a much-needed boost to help them stay afloat while no one is traveling. They will be using your investment to help pay their staffs — housekeepers, bartenders, concierges, cooks...

Try these on for sobering statistics: In the United States, the Transportation Security Administration is reporting a 96 percent decline in airport passenger traffic. Worldwide, 75 million jobs in global hospitality are at risk, according to the World Travel & Tourism Council.

Every hotel is managing and arranging their own transactions. Clicking on a hotel will generate an email to that hotel. Your money won't flow through the website, and there is no third party taking a cut here. Everything goes to the hotel. The website is not affiliated with a hotel company or group, and the program is open to any hotel that wants to participate. So far, hotels in Paris, Tulum, St. Barths, Nantucket, and Chicago have signed up — all destinations we'd be happy to visit soon!

Of course, like all investments, there's a risk that you could lose your money if the hotel goes out of business.

But this will hopefully help ensure that won't happen. And that we'll all be #BackInTheWorld soon.

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Buy Now, Stay Later

We make every effort to ensure the information in our articles is accurate at the time of publication. But the world moves fast, and even we double-check important details before hitting the road.