Inspirato Achieves Significant Growth Milestones
July 24, 2013
BUSINESSWIRE – Inspirato with American Express today announced the addition of its 4,000th member, making the company the largest luxury destination club in the world by number of members. The company has added over 1,000 new members in 2013 alone, and now manages and controls nearly $500 million in luxury real estate, offering members 262 travel options in 67 destinations around the globe.
“Our 4,000th member is a tremendous milestone for the company,” said Brent Handler, founder and CEO of Inspirato. “Our club continues to grow at a formidable pace. We’ve seen our members, families and friends spend more than 38,000 nights in our properties since the founding of Inspirato in 2011 and have increased our total number of Signature Residences by over 300 percent. As we welcome new members, we look forward to continuing to expand our vacation portfolio and adding even more club benefits and privileges.”
Backed by prestigious private equity partners including Kleiner Perkins Caufield & Byers and Institutional Venture Partners, Inspirato is the first luxury destination club to lease rather than own its properties, and as a result, members avoid paying the six-figure upfront fees common in the industry. Members also enjoy personalized pre-trip vacation planning and on-site concierge services, and pay members-only nightly rates – often at significant savings – to vacation in exquisite homes that average $3.6 million in value and are managed and controlled by Inspirato for exclusive use by its members.
“Inspirato is setting the standard for luxury travel experiences. Their unique business model gives members access to luxury without the many hassles that come with ownership,” said Ted Schlein, general partner at Kleiner Perkins Caufield & Byers. “This shift in thinking is a growing trend in travel, and it’s largely driven by behind-the-scenes technology that provides quality, value and certainty to the consumer. We couldn’t be more excited to be part of Inspirato’s continued growth in the luxury travel sector.”
Inspirato offers private vacation homes, luxury hotel partners and adventure travel experiences in such world-class destinations as Aspen, St. Barts, Nantucket, Sonoma, Los Cabos, Maldives, Tuscany, Maui and Provence. Additionally, each member enjoys exclusive members-only benefits and privileges, including special access to vetted partner venues, such as high-end spas, golf clubs and children’s clubs; discounted pricing with private air and luxury transportation services; and VIP treatment at elite events worldwide.
The announcement of Inspirato’s 4,000th member comes shortly after the launch of ‘Inspirato for Business,’ a solution providing corporate clients access to Inspirato’s luxury residences for company off-sites, employee incentives and executive benefits. The new offering is designed for businesses of any size looking to drive enthusiasm, increase productivity and renew company spirit. Inspirato also announced a partnership with American Express in April.
Inspirato by the numbers:
– 4,000 total members with 1,000 members added in 2013
– Nearly $500 million worth of luxury residences and villas
– 262 travel options in 67 destinations around the world
– $3.6 million, average value of an Inspirato Signature Residence
– More than 38,000 vacation nights completed
For the full press release, click here.
About Inspirato with American Express
Inspirato with American Express is a private destination club for member families and corporate clients looking for the space and comfort of a private vacation home combined with the five-star service and amenities traditionally found in luxury resorts. From intimate oceanfront cottages to expansive mountain chalets, Inspirato members and clients enjoy exclusive access to more than 140 awe-inspiring homes in some of the world’s most coveted destinations, all at members-only rates. Inspirato members and clients are also treated to dedicated trip planning, on-site concierge service, unique club benefits and the luxury of certainty that comes with knowing Inspirato is committed to making each club vacation extraordinary from start to finish. Learn more at www.inspirato.com