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Checking In Ep 28: Fractional Vacation Home Exchange w/Elite Alliance
lundi 16 septembre 2024 • Durée 55:02
I've long been intrigued by the luxury hotel timeshare market, where you get the quality and amenities of a five star hotel combined with the square footage of a residential vacation home.
A prime example of this type of property is Four Seasons Aviara in Carlsbad, CA. Back in the day, Four Seasons managed both a hotel here along with a collection of 1 and 2 bedroom vacation homes. The hotel is now managed by Hyatt (as a Park Hyatt) but Four Seasons still maintains the Residence Club. The golf, tennis, pools, and restaurants make for a fabulous "no compromises" vacation in my book. The only problem I've had is finding another Aviara.
Turns out there's a level of quality above luxury hotel timeshares, called Luxury Fractionals or Private Residence Clubs. With these you get somewhere around a 1/10th ownership of a fully managed vacation home, usually in a resort setting with access to amenities like a golf course, beach, or skiing. The problem here is cost and commitment as these fractionals typically sell for around $200,000 down and $25,000 per year in maintenance fees.
But there are levels to these things. Properties at the top of the Luxury Hotel Timeshare market can get so nice that they're on par with Luxury Fractionals, so much so that owners are willing to trade time between them. The trick is finding owners at "different but like-quality" properties, across brands we may or may not be familiar with, interested in swapping time.
In Ep 236 of our podcast (subscription required) I detailed how we stayed at the Harbor Court Residence Club at the Rosewood Bermuda, booked through Elite Alliance. The stay was fantastic from beginning to end but I was just as intrigued by Elite Alliance's part in this because if I understand how they operate it has the potential to unlock this type of vacation experience at locations all over the world.
This episode is a discussion with Elite Alliance President and Partner Rob Goodyear. We discuss what Elite Alliance is and how they got started, how they vette properties in their portfolio to ensure a consistent quality of experience, what it takes to participate in Elite Exchange, and more.
I hope you enjoy the conversation as much as I did.
Thanks to Rob for coming on the show!
TravelStories Episode 41: Perspective and Camp Mom with Dia Adams
Family travel can be just as affordable and rewarding as a solo one. To help us gain a better perspective of traveling the world with kids in tow, we are joined today by the renowned travel expert, author, and Senior Editor at Fortune Recommends, Dia Adams, who begins our conversation by highlighting the importance of travel conferences in building community. We discuss Dia’s hit column, What’s in Dia’s Wallet, and what her role at Fortune entails before learning about her affinity for less-lavish hotels, how vendoming has evolved since she first coined the term, how she developed Camp Mom as the perfect family travel hack, and how she’s cultivated travel hacking in her kids. We also unpack the power of perspective, how to have a Disney experience without going to Disney World; what Dia thinks about miles and points devaluations, and how to connect with today’s remarkable guest!
Key Points From This Episode:
[00:49] Welcoming Dia Adams as she highlights the importance of travel conferences.
[05:51] What’s in Dia’s Wallet: Exploring her role at Fortune Recommends.
[11:30] Why she loves Choice Hotels but tries to steer clear from Hyatt.
[14:40] How she coined ‘vendoming’ and how the term has evolved.
[17:57] The ins and outs of Dia’s family travel hack, Camp Mom.
[27:36] Why it’s important to immerse yourself in the experience of each destination.
[32:40] How Dia has cultivated travel hacking in her kids, and the pros and cons thereof.
[38:30] The undeniable power of perspective!
[44:28] How to make the most of Disney as seen in Dia’s book, Disney World Hacks.
[49:01] What our guest thinks about the latest wave of miles and points devaluations.
[56:01] How to connect with Dia and her work.
Quotes:
“I just want people to be a little bit more – I don’t know if you’re following this TikTok trend – a little more mindful, a little more demure about their miles choices.” —
Milenomics² [No Annual Fee Edition] Episode 71: Ranking Bank Points for Domestic Airfare
lundi 24 juin 2024 • Durée 56:38
0:55 Ranking Bank Points for Domestic Airfare
We’re talking about deeply discounted airfare, not FREE airfare.
Every one of these programs has a cash out path–that’s great
1:45 Overview: Highs and Lows of each Program
1:59 Chase UR
Talked about the most online, but not as valuable as Amex to us
Much more straightforward than Amex
1 Cent per Ultimate Reward point earned (easy cash out on all card)
5x earning on Office Supply has been around for a long time.
Earning at high rates, transferring to a CSR/CSP
3:00 Earning Chase UR
Easy to use Domestic Partners in United and Southwest
Travel Portal booking is not ideal but does have uplift
Earning with high multipliers and sign up bonuses works well
5/24 limits the number of cards you can get
Can co-mingle points
6:30 Southwest (W/ Chase UR)
Points have become less useful as Ticketless Travel Funds (TTF) have become permanent
Less transfers from UR->Southwest because TTF are so plentiful
If transferring , the best way to earn is still NOT on the Southwest credit cards.
7:43 Booking with the Chase Travel Portal:
Price inflation is real (American, others) Be sure to check google flights
Can see inflated prices on flights, issues when canceling
1.25 cents per point / 1.5 cents per point (20% - 33% discount on travel)
Sometimes just taking cash back at 1 cent per point is the way to pay for travel
These points are not ‘free’
10:53 Amex MR Overview
Episode 27: Six Credit Cards You Should Never Cancel
Épisode 27
vendredi 7 juin 2019 • Durée 16:16
We’re back with news, and a discussion around credit cards you should never close. Share your ‘must keep’ cards in the comments below, and enjoy!
0:33 25% Transfer Bonus from Citi (others, but not Amex) (link MilesTalk)
One of those wonky ones where they bump the points on the receiving end
Strange, and a bit of a bummer, that Amex wasn’t included
2:12 Qantas 20% Transfer Bonus from Amex (link DansDeals)
Great way to get to Tel Aviv on El Al
3:19 Heightened Amex Incognito Referral Offers Found Working on Business Cards
Previously this only worked when referring from *personal* cards
This is good news because Business Gold earns a hefty 20,000 point referral bonus and the Business Platinum earns a 15,000 point referral bonus
[Robert] AT&T Access More 3x Online Retail, crazy good retention bonuses
[Sam] CNB Crystal
[Robert] Chase Ritz-Carlton Visa Infinite ($395-$450 annual fee but you get a $300 air incidental each year, Ritz Club Lounge access on paid stays, 50,000 night certificate each year
[Sam] Hilton Aspire
Episode 26: AA Mobile Award Space, New MR Transfer Partner, Historic Delta Sign Up Bonuses, Speedway, Safeway & Stop & Shop Deals
Épisode 26
vendredi 31 mai 2019 • Durée 21:51
News
0:35 [Sam] AA Showing More Award Space on Mobile? (link)
Seems to be that there’s a new search interface and a legacy one
“This card will not be available to you if you currently have or have had the card in the preceding 24 month period. This does not apply to the business credit card product.”
2:53 Hilton/Lyft Partnership
Earn 3x Hilton for Lyft rides after linking accounts
Also probably possible to get the card through referral for 100,000/150,000 and then get it again shortly thereafter through this offer
Episode 22: “Etihad Awards, New Avios Rates, Fee Free Visa and MCGC, and More of Robert’s European Vacation”
Épisode 22
dimanche 5 mai 2019 • Durée 39:06
Last week we had our first ever cliffhanger episode–this week we’re back to finish the story of Robert’s European Vacation. We also cover some great news on the redemption side, as well as options to earn miles without flying on Today’s No Annual Fee Edition of the podcast.
“Almost every success I’ve ever had in my career has been due to a rant.” — @TheDiaAdams[14:59]
“I tend to base trips on a vibe these days. Like, how do I want to feel during this trip? Everything else kind of goes from that.” — @TheDiaAdams[32:30]
“One time, there was a last-minute ferry sale to Hawaii, and I asked the kids if they wanted to go to Hawaii, and they’re like, ‘Nah, we’re good. We went last year, we’re good.’ One of the kids actually said to me once, ‘One private island a year is enough for me.’” — @TheDiaAdams[36:57]
“A family of four — for a Spring Break-type vacation — from New York, could fly to Paris and spend a week in Paris and three days at Paris Disneyland for the same price as a week in Orlando at Disney.” — @TheDiaAdams[45:58]
Subscribe below to the Free, No Annual Fee Milenomics² podcast on Apple Podcasts:
Or on Google Play Music:
Though it’s possible Amex might claw these back as they’re likely targeted and leaked into the wild
Keep in mind that Amex generally limits to 5 active credit cards per person which includes personal and business, but not charge cards and not cards you’re an authorized user on
Like what you heard in the No Annual Fee version?
Subscribe to the paid version of the podcast here:
London City Airport-Venice flight on BA was a fine 2 hour flight in Economy
But getting through Passport Control in Venice took 1.5 hours
Really makes me want to avoid short hop intra-Europe flights because they’re such momentum killers
Took a Alilaguna shared water taxi from airport to central Venice 15 euro pp
There were transport options in Chase UR portal but the options were confusing to me/poorly reviewed so I made a game out of finding our way there
The water taxi stopped at a bunch of places on the Grand Canal before reaching out hotel but it was a fun experience
Hotel: Hotel Flora
Highly recommend staying right in central Venice overnight (crowds are low in morning/late at night)
Felt like a very Rick Steves kind of plac
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