Destination clubs provide their members with access to multiple luxury vacation homes, located all over the world. The homes are typically multi-million dollar residences, and are sited in major cities, at beaches, in mountains and leisure locations.
Membership of the clubs is an alternative to buying a second home. The clubs are sometimes also compared to, or even mixed up with, private residence clubs, but there are several key differences between the two.
If you're just starting out learning about the clubs read the overview and the glossary. Then you can start to compare them in the comparison table. One way to financially compare them is using a cost per night calculation and we've provided downloadable spreadsheets for these calculations.
And for a real in-depth look at the clubs, their homes and services, comparisons to alternatives and questions to consider before joining, download our Guide for Prospective Members.
The map shows some of the main destinations where the clubs have homes. Click on the markers to see the actual homes.
The latest news and research on the clubs is included below.
The equity destination club, Equity Residences launched its second fund just a few months ago. We caught up with co-founder and Managing Director Greg Salley to talk through the funds and what it means to be an investor in Equity Residences.
Continuing in our series of extraordinary and ordinary requests made of club concierges, we're focusing on Rocksure, an equity club offering both villa and apartment funds. Both fund owners and the general public have the opportunity to stay in Rocksure's properties, and all guests receive the same service.
The new Equity Platinum Fund will acquire 20 luxury vacation residences, each with a value between $2 million and $3 million. Some of the target locations for the new fund include Cabo San Lucas, the Bahamas, Deer Valley, Hawaii and West Palm Beach.
It's been a while since we saw some details on the types of people joining destination clubs. So we recently reached out to several clubs to get a picture of the sort of people who are becoming members. Here's a run-down on the answers that we received, together with some earlier data.
As a Luxury Residence Fund, Equity Estates is different from some other destination clubs. Members of the club are actual investor-owners in the properties that they visit, so the concierges are responsible for both the travelers and the homes. As a result, the concierges hold a dual title of Personal Travel Concierge and Destination Manager. Regular responsibilities include budget management, handling repairs, maintenance, and improvements, as well as coordinating the specific needs of each traveler.
Our downloadable guide, "Destination Clubs: A Guide for Prospective Members" is now in it's eighth annual edition. This free, in-depth report explains the features and benefits of destination clubs, reviews the industry's leading destination club companies, and is a valuable tool designed to help prospective members make an educated assessment about joining a club. With the evolution of these companies, including several new destination clubs, as well as new programs and services, the newly updated guide is a must-have for all luxury travelers.
Of all of the benefits of destination club membership, one of the most intangible is the services provided by the club concierges. Available to assist with just about any request that members have, these concierges have fulfilled many ordinary and extraordinary requests throughout the years. M Private Residences, a Canadian equity destination club, offers private concierges they call Mbassadors. These Mbassadors have extensive knowledge of the local area and are available to help with virtually any and all members' requests.
Recognizing the trend toward "glamping" (glamorous camping), Exclusive Resorts has announced a strategic partnership with Airstream 2 Go, offering fully-outfitted Airstream trailer rentals including GMC Yukon Denali tow vehicles.
Inspirato, which has just reached under 8,000 members, recently announced that they have secured an additional $20 million in growth financing. The funding, which was raised from new investor W Capital Partners and existing investors Institutional Venture Partners and Millennium Technology Value Partners brings the total funding raised by Inspirato to $70 million.