There may be some vacations you'll never be able to afford unless you save up for a long time or get an unexpected financial benefit. But for the wealthy, there are virtually no limits to how much they can spend on vacation, no matter where they go. This allows you to have a fairly luxurious vacation in a place that is out of reach for most people.
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If you've ever wondered where the rich vacation and what they spend their money on, here are some top spots from experts.
islands of french polynesia
The islands of French Polynesia, particularly Bora Bora, are known as top destinations for the wealthy. One of the biggest reasons for this is that it is difficult to access.
“In my experience, the only destinations that only the rich and rich can afford are the ones that are hard to get to,” says Mac Stair, owner and director of Simify. “So people who have money tend to go to places like Tahiti or Bora Bora in the South Pacific. Those places are beautiful, but they're also difficult places to get to.”
These places are less accessible to the average person, so you're more likely to meet other wealthy people during your vacation.
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St. Barts Island in the Caribbean Sea
“One of the most expensive vacation destinations in the world is the Caribbean island of Saint-Barthelemy, where accommodation alone costs an average of $1,770 per night,” said Alonso Marley, travel expert at Skylux Travel.
In addition to expensive accommodations, there are several other factors that make St. Barts a prime destination for the wealthy.
The island is a tropical paradise, and its “luxury villas, exclusive designer boutiques, gourmet restaurants, white sand beaches and crystal clear waters have always attracted those seeking nothing but the ultimate in luxury,” Marley said. “At St. Barts, every day is a unique adventure, and you can experience everything from sailing on a luxury yacht, scuba diving to explore the vibrant marine life, to simply soaking. [up] Watch the sun on one of the island's many picture-perfect beaches. ”
Adding to the island's exclusivity is the fact that there are no direct flights to St. Barts from the United States. This means that a trip to St. Barts is often a longer and more expensive journey than excursions to many other Caribbean islands. Unless of course you're flying on a private plane.
aspen, colorado
The Colorado mountain town of Aspen is a top destination for wealthy winter travelers. Aspen is “one of the most popular winter destinations in the world, home to some of the most expensive ski resorts and five-diamond hotels that can cost up to $5,000 a night,” Marley said.
“This elite winter wonderland is known for its fine dining, upscale shopping and world-class outdoor activities, making it a top destination for celebrities and billionaires seeking an enchanting winter getaway that combines luxury and the great outdoors. ” Marley added. “Among other unique adventures, Aspen also offers private he-he snowmobile he-he tours, hot air ballooning over snowy mountains, horseback riding, dog sledding, tandem he-he sky diving, and more, but these prices are average This is far more than a typical traveler can afford.”
For those looking for a truly high-end, bespoke experience, Aspen offers a luxurious spa, personal concierge service, private dining experiences, and more.
Luxury vacations for the rich: money doesn't matter
For the truly wealthy, the reason for going on a trip is more important than the cost of the vacation.
“Wealthy people travel to different destinations around the world based on a variety of factors, including their preference for sports and leisure activities (golf, skiing, sailing, film festivals, yacht shows, charity events, etc.) and the weather. is it ideal, is it based on the social calendar of high society, or is it based on privacy needs,” said Philip Ballard, chief communications officer and head of investor relations at Hotel Planner.
“Generally speaking, cost is a more determining factor than the purpose of the trip,” Ballard says. “Luxury travelers are typically less cost-sensitive than the average traveler. Many prefer all-inclusive, bespoke, or ultra-luxury experiences (from transportation to accommodation to entertainment) to It's not uncommon for him to spend $100,000 to $100,000.”
With that in mind, here are some more destinations where only the truly wealthy can vacation, according to Ballard.
- Fall destination vacation — Maldives, Lake Como (Italy), Semui Island (Thailand), Fiji
- Winter destination vacation — Luxury ski towns such as Chamonix, Megève (French Alps), Gstaad (Switzerland) and Nozawa Onsen (Japan)
- Spring destination vacation — Cannes or Saint-Tropez (France), Venice (Italy), Monaco
- Vacation at US destinations — Palm Beach (Florida), Hamptons (New York), Newport (Rhode Island), Napa Valley (California), Phillipsburg (Montana)
- Africa and the Middle East — Marrakech and Tangier (Morocco), Dubai, Botswana, Kenya, Rwanda
Some of these destinations don't require you to be wealthy just to visit or spend a few days there. But for many people, the cost of lodging, airfare, food, entertainment, etc. can all add up to an amount they can't afford. This is especially true for popular spots that are secluded, upscale, or far-flung, or spots that involve a custom-made experience.
Additionally, many of these locations have higher prices during peak travel times and events such as fashion weeks, film festivals, and yacht shows. This doesn't usually affect wealthy travelers, but it can definitely exclude travelers looking for a more budget-friendly experience.
GOBankingRates Details
This article originally appeared on GOBankingRates.com: Vacations only the wealthy can afford
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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