A travel agent for billionaires claims that these 2 vacation splurges are not worth the cost.
Money isn't a concern for Jaclyn Sienna India's clients.
Sienna Charles, a members-only travel agency, was founded by her, catering to wealthy clients who embark on million-dollar trips worldwide.
Despite having an abundance of resources, India frequently advises her clients that not all extravagant purchases are long-lasting.
Here are three expenses in India that are worth considering before spending money on them during your next vacation.
Not worth the splurge: The most expensive suite at the hotel
An exclusive penthouse may not necessarily provide a superior stay, even if you are willing to pay a higher price.
While the majority of hotels consist of standard rooms, a small percentage are considered "trophy suites" that command a premium price and are therefore booked less frequently.
Since the hotel staff doesn't frequently turn over these suites, they may not be as knowledgeable about their maintenance.
"Perhaps they neglect to maintain it or lack the necessary staff to provide exceptional service," India remarks. "Therefore, we advise against consistently booking the most luxurious suite, as it may not always receive the attention it deserves."
If you want a nice hotel experience, it's important to book a suite that meets your specific needs and preferences, rather than just the most expensive option, India advises. It's important to understand what amenities are being offered and how they align with what you're looking for in order to make the most of your spending.
Not worth the splurge: Established hotels
Consider "trying the new hotels in the area" to determine their value, says India.
I always prefer trying a new hotel in big cities like Paris, New York, and London because it's an opportunity for a new hotel to prove themselves and earn my business.
Attentive service, extra bonus offers, and possibly a discount package may be available.
Established hotels already have their repeat business and are familiar with their market position, so they may not need to earn new customers' business.
Worth the splurge: Hospitality packages for concerts and events
In 2023, there was a 95% increase in concert resale prices compared to 2019, indicating that Americans are willing to pay a premium for concerts, events, and other performances.
It may be costly, but upgrading to VIP and all-inclusive hospitality packages in India can make for a worthwhile experience.
She advises people to opt for hospitality packages that offer food, beverage, private entrance, and parking.
Concerts and one-time events differ from an artist's Vegas residency because they are set up differently, with unique entrances, exits, seating arrangements, and hospitality areas. These venues are built only once, making it challenging to determine where the entrance is or where the car service should drop off.
Clients have spent thousands of dollars and waited hours in line to enter the venue.
She says that nobody enjoys spending $10,000 on a Taylor Swift ticket and waiting in line for two hours like everyone else.
Saving time is crucial, even if it means spending a little more incrementally to be confirmed [access].
To stop worrying about money, enroll in CNBC's online course, Financial Wellness: Be Happier, Wealthier & More Financially Secure. We'll teach you the psychology of money, stress management, healthy habits, and simple ways to increase savings, pay off debt, and invest for the future.
Sign up for CNBC Make It's newsletter to receive tips and tricks for success at work, with money and in life.
Make It
You might also like
- The Gen-Z duo took a risk and started a pasta sauce brand that generates $1 million in monthly revenue.
- How to increase your chances of getting more money at work, according to a former Google recruiter.
- The maximum amount you should spend on housing if you make $80,000 annually.
- He bought a sandwich shop for $125,000 at the age of 17 and sold it for $8 billion.
- Now worth $633 million, the 33-year-old's robotics startup was once funded through 100-hour workweeks.