As the hospitality industry faces unprecedented challenges due to coronavirus (COVID-19), a group of hospitality professionals have teamed up to spearhead an international initiative called ‘Buy Now, Stay Later’. The campaign encourages people to purchase hotel bonds as a way to support some of the most beloved properties around the world.
Similar to savings bonds, hotel bonds can be purchased now at a rate of USD 100. After the 60+ day maturation period, the hotel bonds can be redeemed for a value of USD 150 to use towards future hotel stays. By purchasing hotel bonds, people are helping to support hotels’ housekeepers, bartenders, concierges and everyone in between.
The Buy Now, Stay Later website features a list of participating hotels while also allowing additional properties to continue signing up. Hotel bonds can be purchased by following instructions on the website to email hotels directly. “With the support of people who love adventure and travel, we can show hotels we are here for them during these tough times and that we’ll be back to stay with them as soon as we can,” Rachel Harrison from Lion & Lamb Communications said.
