Be broke now and in the future by trading stocks for vacations

by Mike Barish on

Suppose you want to go on vacation but you also want to be able to pay your bills. What do you do? Well, you could mortgage your financial future by paying for your trip with stocks that you own. I’m not suggesting cashing out your stocks, making yourself liquid and then purchasing the trip. I mean actually paying for your vacation with stocks. Nonsense? Well, according to a New York Times article, one tropical resort chain will allow you to do just that.

Elite Island Resorts, a chain of luxury hotels with locations throughout the Caribbean, will accept payments in stock for vacations booked by January 31, 2008. And the really interesting part? They’ll value the stock at its July 1, 2008 closing price. Since that’s before the market went further south than Elite Island Resorts’ locations, you do stand to gain in the short-term if you elect to take them up on their offer.

Now, before you go ahead and call your broker, keep in mind that these are luxury resorts, so you’ll need to trade in more than one share of your worthless Citigroup stock. And they cap the amount of stock value that you can use at $5,000. They selected close to 100 applicable stocks for the promotion and feature some major names whose stock prices should, hopefully, bounce back in the future. That said, when they do increase again, would you rather have those in your portfolio or some vacation photos on your mantle?

So how much is a sanity break worth to you? Your kid’s college fund? Your ability to afford renewing your magazine subscriptions? Because you may want to consider hanging onto those stocks and being the one that reaps the benefits of an economic upswing rather than letting some luxury hotel chain increase their net worth.

As for me, I prefer to stay liquid. All of my money is tied up in whiskey.

U.K. Travel Insurer: Cuba as Dangerous as Afghanistan

by Josh Lew on

U.K travel insurance company Direct Travel Insurance Services has a blacklist. If a traveler is headed to Sudan or Afghanistan, they will need to seek their insurance elsewhere. But Cuba?

That’s right, Cuba. The insurer will not cover British travelers headed to Cuba. Perhaps someone in the company thinks that it is still the 1950s. Or perhaps someone in the company was robbed during a recent vacation in Havana. But that’s unlikely. Cuba is, arguably, one of the safest destinations in the entire Caribbean. Crime is virtually not-existent. It is much more dangerous to vacation on more popular islands like Jamaica.

But there is a more probable reason that English travelers are not able to get coverage for Cuba: AIG. The American firm took over Direct Travel Insurance Services and has extended its practices of not insuring Americans in Cuba to its new British customers.

Because of an archaic trade embargo, US citizens are not allowed to visit Cuba. thus AIG does not cover them. But there is no such law in England. Luckily for UK residents, there are many other travel insurers willing to cover tourists on their trip to Cuba.

[Via Havana Journal]

More on Caribbean travel

by Jamie Rhein on

This Sunday’s Columbus Dispatch travel section is devoted to Caribbean travel. With this morning’s post on Caribbean vacations, written before the Sunday paper arrived on my front porch, I’m wondering if I’m getting a message.

One article, “Caribbean offers comfort for less cash” by David Swanson points out an option not mentioned in today’s earlier post–Tobago. After reading about all of Tobago’s high points, I’m hesitant to let the word out because, frankly, I want the bargains to be there when I show up.

Here’s why Tobago sounds fantastic:

  • the oldest forest reserve in the Western Hemisphere
  • more than 200 species of birds for birdwatching (tour suggestions are given)
  • plentiful water sports
  • beaches tucked back in coves
  • several less expensive lodging options than some other Caribbean destinations.
  • great food at affordable prices

In the same article, Swanson outlines other Caribbean deals, including Mexico.

  • Playa del Carmen, Mexico is offered up as a lively, urban option that includes a beach.
  • Negril, Jamaica is a place to head for rock cliffs and plentiful lodging options (but avoid spring break).
  • Samana Peninsula, Dominican Republic has whale watching from mid-January to mid-March.
  • Bermuda, although technically not in the Caribbean, this island becomes cheaper in the winter starting this month. Although, the temperatures are cooler, the beauty is the same and activities like golfing cost substantially less money than during high season.

At the moment, the link to that article is not available but another feature article in the travel section touts the wonders of St. John.

According to Steve Stephens, even though St. John has undergone a boom in tourism development, ecological preservation has been a top priority. Virgin Islands Nationa Park makes up “two-thirds of the island.”

Palin or Obama as a perfect traveling companion, and where do Democrats and Republicans want to vacation?

by Jamie Rhein on

Whether or not the following statistics are true, they’re interesting to ponder. With the election fast approaching, here are findings from a phone survey that blends travel and politics. The survey conducted for Travelzoo ended on October 7, so perhaps the numbers would have shifted a bit by now.

  • Percentage of people who think Sarah Palin would be a perfect traveling companion–33%
  • Percentage who think Barack Obama would be–35%

Destination dreams of Republicans, Democrats and Independents:

Who would take a cruise to Alaska?

  • Republicans–51%
  • Democrats–37%
  • Independents –43%

Democrats would rather take a cruise to the Caribbean–51% of them said this is where they would like to head for the vacation of their dreams.

According the survey, the bickering and pandering during this election are giving Independents the idea that they would like to take a vacation elsewhere–47% of them are looking towards Spain, France, the U.K. or Germany for some R&R.

The survey conducted between September 15 and October 7 included a representative sample of 1,000 people, ages 18 and over.

Travelzoo normally doesn’t delve into politics, but is a Website to head to if you’re looking for travel deals. No matter your political leanings, you might find something to suit your tastes and budget. One thing I noticed is how easy it is to find deal information. Here’s the link for Alaskan cruises. And here’s the link for cruises to the Caribbean.

Get a tan and feel good about it.

by Annie Scott on

Catalyst Concierge, which was started by 29 year old Simone Callender, creates luxury Caribbean vacations for people who care about children.

Callender was inspired to found the company after a tenure as Governess to four children of a Middle Eastern Royal Family. Traveling the Caribbean with them, she always found the hotel concierge services, even at the grandest of resorts, insufficient. Special dietary needs? Need a private jet? Steel drum lessons? Got an unsightly rash? Callender is on top of all that.

I would imagine that dealing with four royal children for any length of time would make organizing the logistics of lying on a beach look pretty good. Most importantly, the company is doing good:

A portion of Catalyst Concierge’s profits go to benefit children internationally, including charitable organizations such as Keep a Child Alive, UNICEF, The Homeless Children’s Fund of America, and such as.

For sample itineraries and more information, visit the website! And feel good about it.