Buy now, Stay Later Hotel “Bonds”

[Cornell]

Pay now, stay later: Hotels hit hard by coronavirus pandemic selling ‘bonds’ for future travel

Either closed down or operating with most of their rooms empty, hotels are finding ways to put cash in their pockets now for services provided later, spawning some enticing deals for consumers. Tak…

www.chicagotribune.com

Well, this is interesting!

 

[amycurl]

My spouse runs an Etsy store (he makes customized, wooden storage solutions for nerdy tabletop games,) and he makes them at the local makerspace, which closed at the end of March. Since then, he's been offering a 20% off sale for anyone who makes a purchase, with the understanding that delivery won't be available until some weeks after the makerspace re-opens. He's actually gotten three or four orders so far, which is really great. And one of these folks purchased an item for which my spouse just happens to have all of the pieces on hand to make--so that guy might get lucky--he'll get the 20% off AND possibly get the item before the makerspace reopens.

I wouldn't be surprised to see this kind of thing happening over the next three to four months in the entire travel industry. Especially cruises.

 

[PigsDad]

With the number of businesses that will be going under in the next year, I personally would not be pre-purchasing anything in hopes that they will still be in business. Too great of a risk right now, IMO.

Kurt

 

[jehb2]

I keep getting this deal for the Manhattan Club in NYC. This is the same timeshare that amazingly never has reservations available for their owners but always has reservations for exchangers (aka potential buyers). I’m sure if I pay in advance there wouldn’t be any room at the inn for me either.