Listen Now: Buy Now, Stay Later: Major Hotels Offer Bonds For Future Stay
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Can’t wait to travel again, book your room now.
To keep hotels in business and give you something to look forward to, the buy now, stay later campaign is being launched. According to Forbes magazine, here’s how it works. Buy a one hundred dollar hotel bond now and in sixty days it matures into a one hundred and fifty dollar credit.
And you can buy multiple bonds at one hotel. So, if you buy five one hundred dollar bonds at one location today, it will be worth seven hundred and fifty dollars sometime in June. The idea is meant to benefit travelers and the hotel industry. It puts some money into businesses that are downsizing and struggling and gives people something to cash in on when they can hit the road again.
The program is open to any property in the world and open enrollment is underway. Right now there are more than thirty hotels offering bonds in places such as Costa Rica, Belize and New York.
It’s a chance to stay in the penthouse at the cost of the ground floor.
About Brian
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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August 28th, 2019
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