The Buy Now, Stay Later initiative offers journey fanatics all over the world the chance to assist their favorite lodges and resorts by buying resort bonds.
Because the hospitality business faces unprecedented challenges, a bunch of hospitality professionals have teamed as much as spearhead a global initiative referred to as Buy Now, Stay Later. The marketing campaign encourages individuals to buy resort bonds as a technique to assist a number of the hottest properties all over the world.
The way it works: Folks should buy a resort bond right this moment at one of many collaborating lodges, at a price of $100. As soon as they’re able to e-book a keep at a later date (and after the 60+ day maturation), the resort bond will probably be price a price of $150. (Basically, you buy a present certificates for $100 and obtain a $150 worth.). Customers should purchase 5 bonds if they need for one resort, which might be $500 and price $750 in 60 days.
The Buy Now, Stay Later web site encompasses a record of collaborating lodges whereas additionally permitting extra properties to proceed signing up. Hotel bonds will be bought by following directions on the web site to e-mail lodges straight.
Properties worldwide are becoming a member of the Buy Now, Stay Later marketing campaign. Similar to Casa Violeta (Tulum, Mexico), Eastwind Hotel & Bar (Windham, NY), LondonHouse Chicago (Chicago, IL), Le Barthelemy Hotel & Spa (St. Barth’s), Cuyama Buckhorn (New Cuyama, CA) and extra.
“These previous few weeks have been devastating to the hospitality business and everybody that’s linked to it in a roundabout way. Our Public Relations community brainstormed a couple of concepts to assist our business as an entire.
With the assist of people that love journey and journey, we are able to present lodges we’re right here for them throughout these powerful occasions and that we’ll be again to stick with them as quickly as we are able to. Please think about supporting your favorite lodges by the ‘Buy Now, Stay Later, initiative.” — Rachel Harrison, Lion & Lamb Communications.
A bit historical past of how bonds started within the US
The sale of US gov securities to the general public dates again to nearly 200 years in the past. In 1776, residents bought greater than $27 million in authorities bonds to assist finance the American Revolution. On this case, one might argue that we’re battling our personal revolution in opposition to this virus — particularly within the hospitality sector, which employs so many individuals across the globe.
These bonds, 200 years in the past, have been purchased totally on belief. Residents have been not sure as to whether or not they would ever see their cash once more. However — in one of many biggest traditions of US unity and belief, the US authorities paid all of their obligations in full after the conflict. Thus started one in every of America’s proudest and most lasting traditions: the pledge of our nation’s full religion and credit score standing behind each authorities obligation.
Just like the treasury financial savings bond, the thought is to buy a resort bond right this moment, to be redeemed at a later date. Every bond could be billed at $100 (£80) and in 60 days of maturation, could be valued at $150 (£120).
Buy Now, Pay Later web site info
We’ve been knowledgeable that each one bookings go straight to every resort. No cash passes by the Buy Now, Pay Later web site, or to the company. Whereas on the web site, the button beneath every resort entry will ship you on to a resort e-mail tackle the place individuals should buy from the resort straight.
For extra info or to buy a resort bond, go to https://buynowstaylater.com.
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