November 11, 2024
Allworth financial advisor Dan Rausch, CFP®, explores exclusive travel perks available to high-net-worth individuals, covering ways to make travel more luxurious, convenient, and memorable.
If you’re like many high-net-worth families, travel is more than just getting from point A to point B. It’s about creating memorable experiences, accessing exclusive destinations, and enjoying the journey as much as the destination itself. The good news? There are more perks available to high-net-worth individuals than ever, making luxury travel both accessible and convenient. Here’s a guide to some top travel perks and strategies to ensure every trip is as smooth, enjoyable, and rewarding as possible.
Why wait in line or deal with the crowds if you don’t have to? For those traveling frequently or internationally, private airport lounges and VIP airport services are some of the best ways to streamline the experience. Services like Clear, Global Entry, and TSA PreCheck make security checks a breeze. And with high-end credit cards like the Amex Platinum or Chase Sapphire Reserve, you’ll have access to the Centurion Lounges and Priority Pass lounges worldwide, where you can relax, dine, and catch up on work in peace.
For an even more elevated experience, services like PS (The Private Suite) at LAX offer a private terminal with on-call suites, personal TSA screening, and a chauffeured car directly to the plane. It’s a luxury worth considering if you want to avoid airport hassle entirely.
Imagine having a dedicated travel expert to arrange everything from restaurant reservations to securing last-minute tickets to an event. Many high-net-worth families find that personal concierge services offer invaluable support. High-end credit cards like the Amex Platinum, private banking services, or even bespoke concierge companies like Quintessentially or John Paul provide 24/7 support for clients, making sure your plans are set up exactly the way you want, without you having to lift a finger.
For the multi-locational family, concierge services also help manage bookings, special events, and dinner reservations across different cities or countries. They’ll have access to exclusive events, top-rated restaurants, and limited experiences that aren’t available to the general public.
If you find yourself at a luxury hotel several times a year, it’s worth exploring loyalty programs from high-end brands like Marriott Bonvoy’s Ritz-Carlton Reserve, Hilton Honors’ Waldorf Astoria, or Hyatt’s Globalist membership. These programs offer more than just points—they provide access to room upgrades, personalized amenities, spa credits, and even priority reservations.
For an even more elevated experience, Amex Fine Hotels & Resorts and Virtuoso partnerships offer a variety of luxury benefits, like early check-in, late check-out, daily breakfast, and room upgrades when available. Whether it’s a suite in Rome or a private villa in Bali, these programs make sure that the VIP treatment follows you wherever you go.
For my clients who have wanted to skip commercial flying altogether, their private jet membership provides great travel flexibility and privacy around busy schedules. Private jet memberships and charter options like NetJets, VistaJet, or Wheels Up provide seamless travel without the crowds or constraints of commercial flights. Private jet memberships often allow you to lock in rates and access a fleet of aircraft, so you can fly on your terms, whether it’s a quick trip to Tahoe or a vacation across the globe.
And if you’re traveling frequently with family, the flexibility of private jets can make a world of difference, allowing you to customize schedules, routes, and even inflight meals. You’re not just getting from point A to point B; you’re shaping the entire travel experience to suit your needs.
When it comes to experiences, high-net-worth travelers often have access to some of the world’s most sought-after events. From VIP tickets to the Monaco Grand Prix, Wimbledon, or Paris Fashion Week, many high-end concierge services or private banking relationships can help secure tickets that are typically hard to get.
In addition, some credit cards and exclusive memberships offer clients pre-sales, meet-and-greet packages, and behind-the-scenes access to major events. If you’re passionate about art, music, or sports, these travel perks let you create memories at world-class events and venues.
When used strategically, credit card rewards can offset many luxury travel expenses, from first-class flights to high-end hotels. Cards like the Amex Centurion, Chase Sapphire Reserve, or Citi Prestige provide points for travel expenses, redeemable for flights, hotels, and even upgrades. If you’re strategic, these rewards can offer substantial savings and perks, enhancing your travel experience without added costs.
Pairing these rewards with frequent flyer programs or hotel loyalty memberships can help you earn even more perks, like suite upgrades or business-class seats on long-haul flights. In essence, these cards and programs allow you to travel in luxury without always paying full price.
With these travel perks, every journey can be tailored to offer a unique, enjoyable experience. The key is knowing what perks align with your lifestyle and planning strategically to maximize them. From seamless airport transfers to luxurious hotels and unforgettable experiences, the right perks can turn an ordinary trip into an extraordinary one.
For personalized recommendations or to discuss how these perks might fit into your travel plans, feel free to reach out—we’re here to help make every journey as rewarding as it can be.
As a certified financial planner with both tax planning and CFO experience, I understand how complex financial situations require an intentional approach. I’m passionate about educating you to make sound decisions because I understand what’s at stake for you. Wealth management is more than choosing the right investments. It also involves deliberately preserving your wealth, so you feel confident in your tax strategy and family estate plan.
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