Private Aviation and Destination Clubs

Private Aviation Flights down 3% in 2023

Mon, 22 Jan 2024 23:05:39 GMT

The total number of private aviation flights for 2023, compared to 2022, showed a drop of 3.3%. There were mixed results within the various sectors. Fractional had a strong 2023 and in particular higher flight numbers in large cabin fractional aircraft drove the overall large cabin sector to a positive result.

How Value-Added Remodeling Transforms Equity Residences Homes

Thu, 11 Jan 2024 16:51:45 GMT

The Equity Residences management team has always believed that delivering value to investors starts with acquiring the right vacation homes, in the right locations, at the right time, at the right prices. Sometimes they buy these homes, like the Mauna Lani Resort Villas in Hawaii or the North Star Resort home in the California’s Lake Tahoe area, directly from developers at pre-construction prices. These homes require no upgrades and are ready for investors as soon as they are purchased.

Other times, the Equity Residences team finds diamonds in the rough that require extensive upgrades and remodels before investors can enjoy their first vacation experience. Equity Residences’ first fund, the Equity Villa Fund, took advantage of short sales and foreclosures after the 2008 financial crisis, acquiring well-located but neglected homes for cents on the dollar. These residences were then transformed into luxury accommodations for investors, creating millions of dollars of equity prior to occupancy.

flyExclusive Becomes Public Company on NYSE

Thu, 28 Dec 2023 20:43:49 GMT

The large private jet operator became a public company today through its merger with EG Acquisition Corp. (NYSE:EGGF). The combined company now trades on the NYSE American under the symbol “FLYX”. It is projecting 2023 revenue of $323m and forecasts further significant growth in 2024.

Vaunt: Fly Privately For $1,000 Per Year

Sat, 16 Dec 2023 02:31:20 GMT

Yes, OK, so it’s a bit of a “come on in” title, but it is also a valid new program from private jet operator Volato. Their new Vaunt app gives you access to all the empty legs and repositioning flights across their fleet. You can reserve the whole plane for any of these flights and the cost is just $1,000 for a years subscription to the app, with no additional costs when you fly.

Northern Jet Adds Jet Card & Fractional Programs

Mon, 11 Dec 2023 18:41:58 GMT

Private jet operator Northern Jet merged with Florida based operator Speedbird, earlier this year. The enlarged company has recently launched new jet card and fractional jet ownership programs.

Inspirato Rewards, New CEO and More

Fri, 15 Dec 2023 00:59:20 GMT

Luxury travel club Inspirato has recently introduced a member loyalty program simply called Inspirato Rewards. SherpaReport spoke to David Kallery, Inspirato President, about the new program and other recent changes at the club.

Volato Becomes Public. Adds Funding.

Fri, 15 Dec 2023 00:40:18 GMT

Private aviation company Volato has completed a business combination with PROOF Acquisition Corp I (NYSE: PACI). The new entity will operate under the Volato brand, with its common stock and warrants commencing trading today, December 4, 2023, on the New York Stock Exchange American (NYSE American) under the new ticker symbols “SOAR” and “SOAR.WS.” Volato has added $60m in funding as part of this overall deal.

Exclusive Resorts Expands Partnerships & Destinations

Wed, 06 Dec 2023 19:59:13 GMT

Luxury vacation club Exclusive Resorts is celebrating its 20th anniversary this year, and has been adding new vacation destinations and once-in-a-lifetime experiences to its portfolio. With continuing growth and demand, the club is planning to increase prices at the end of the year.

VistaJet Launches Wellness Program

Mon, 27 Nov 2023 22:50:36 GMT

VistaJet, a global private aviation company, has partnered with leading brands in the wellbeing and longevity space to introduce the VistaJet Wellness program. This new offering aims to transform a private flight from a potentially tiring experience into an energizing one, integrating onboard wellness facilities and services, and offers unique experiences at destinations with a focus on wellbeing.

Reviewing Luxury Vacation Home Alternatives

Thu, 07 Dec 2023 02:59:46 GMT

For many people, owning a luxury vacation home in an exclusive location has long been an aspiration. However, the costs, maintenance, and the reality of limited usage have driven many individuals to explore alternative models. And these models have proliferated, to the extent that there are multiple options, each with their own advantages and disadvantages. There’s no one size fits all and it’s a very personal decision to find the ones that best fit you and your family.

This article runs through the different options and explains the rather confusing terminology. Many of the organizations use the same terms to describe different offerings. Continue reading to bring some light to this confusion.