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Save money on your next trip and help the hotel industry at the same time

April 11, 2020
4 min read
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It's no secret that the travel industry is hurting right now — from major hotel brands and airlines to small tour operators and rental property owners. The government did sign a $2.2 trillion stimulus package, billions of which go toward helping travel companies pay employees' salaries.

But in a statement to USA Today, the American Hotel and Lodging Association cited a limitation in to how these funds will help individual hotels. There is a provision that limits a Small Business Administration loan to 250% of the average monthly payroll, which according to the American Hotel and Lodging Association, "will not allow a business owner to meet both payroll and debt service obligations beyond an estimated four to eight weeks."

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A few different campaigns to help the hotel industry have popped up over the past few weeks, including a few similar programs that help out travelers in the long-term, too.

Buy Now, Stay Later hotel "gift cards"

The Buy Now, Stay Later initiative is an industrywide program for independent hotels worldwide. Travelers purchase hotel bonds now in increments of $100. After at least 60 days, you can then book a stay at a $150 value for every $100 spent. Essentially, you're giving the hotel a short-term loan, and in return, you're getting added value on your future booking as interest, of sorts.

The initiative is meant to help hotels support their staff and prevent layoffs. The program does have a website that lists out the current participating hotels, but you purchase your bond directly through the hotel — not through a third-party.

Right now, the list of participating hotels is limited, with several new additions coming soon. But among the initial participants are notable locations, including LondonHouse Chicago, part of Hilton's Curio Collection. The Buy Now, Stay Later website does have a form for interested hotel owners to request more information about joining the initiative.

Related reading: What you can do to give back during the coronavirus outbreak

Porter & Sail "Hotel Credits"

The travel app Porter & Sail has launched a new online Hotel Credit store. It's essentially a gift card that you're purchasing at a discount to use for hotel stays later. Within 24-72 hours from purchase, you'll receive a digital voucher that you can use directly with the hotel at a later date (though you will have to book over the phone since it is a special deal).

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Related reading: 30 essential travel apps every traveler should download

The current list of participating hotels is a bit more extensive than the Buy Now, Pay Later program, but it's still on the small side. There are some great options, though, including Akyra Thonglor Bangkok (which is part of the Hyatt partnership with Small Luxury Hotels of the World).

You can purchase these hotel credits at varying rates per hotel. For example, the Akyra Thonglor Bangkok is offering a $300 hotel credit for $200, or a $150 credit for $120. The hotel credits can be used for booking rooms, dining at eligible on-site restaurants and occasionally even for shopping at some property facilities.

Each participating hotel offers its own set of terms and conditions for the credits, including expiration dates. So far, all of the credits are valid through at least the end of 2021.

You do pay for the hotel credits through Porter & Sail (which may affect how the purchase codes on your statement), but all proceeds go to the hotels to keep staff employed. Porter & Sail is not taking any fees.

Related reading: You can support coronavirus relief efforts — and earn points and miles

Bottom line

While no one should be traveling right now unless absolutely necessary, many of us travel enthusiasts have already started looking ahead to where we might go once travel safely resumes. These programs offer a way for you to both help independent hotels continue paying their staff while also saving money on a trip down the line.

Featured image by Photo courtesy of the Akrya Thonglor Bangkok.

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TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
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Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
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Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

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The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023