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4-Traders Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

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American Express Company : American Express Partners with Luxury Vacation Provider Inspirato

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03/06/2013 | 02:51pm CET

American Express (NYSE: AXP) and luxury vacation club Inspirato LLC announced today a partnership to deliver the club's unique vacation experiences under the new brand "Inspirato with American Express," available to all consumers with special benefits to American Express® Cardmembers. The new partnership is designed to accelerate Inspirato's growth and raise awareness with relevant consumers.

"Inspirato and American Express share a similar passion for creating exceptional experiences for members, and delivering best-in-class service. This partnership is an opportunity for us to introduce consumers to an innovative concept in luxury travel, offer American Express Cardmembers special benefits, and share in the future success of Inspirato," said Eric Feldstein, executive vice president, Enterprise Growth, American Express.

Launched in 2011, and backed by prestigious private equity partners including Kleiner Perkins Caufield & Byers and Institutional Venture Partners, Inspirato is the first luxury destination club to lease rather than own its properties - and as a result, avoid the six-figure, up-front fees common in the industry. Members enjoy personalized pre-trip vacation planning and on-site concierge services, and pay members-only nightly rates - often at significant savings - to vacation in exquisite homes that average $3.6 million in value and are exclusively managed by Inspirato.

"Our club is specifically designed for people who want the spaciousness and privacy of a multimillion-dollar villa while on vacation but are not willing to sacrifice the five-star service received at the finest hotels," explains Brent Handler, Inspirato's co-founder and CEO. "Our members are not scouring the Internet looking for the least expensive online rental. They place high value on the peace of mind that comes from vacationing with a private club."

Inspirato has attracted more than 3,000 members since its inception, including some of the most affluent travelers in the U.S. "We are excited to partner with American Express, a company with world-class marketing capabilities and brand expertise, as we look to grow the club's membership options and enhance our vacation experiences," said Brent Handler.

Inspirato offers private vacation homes, luxury hotel partners and adventure travel experiences in such world-class destinations as Aspen, St. Barts, Nantucket, Sonoma, Los Cabos, Maldives, Tuscany, Maui and Provence. Additionally, the club features exclusive members-only benefits and privileges, including special access to vetted partner venues, such as high-end spas, golf clubs and children's clubs; discounted pricing with private air and luxury transportation services; and VIP treatment at elite events worldwide. Inspirato provides different membership options for consumers to customize their personal travel needs and for businesses to use the club for company retreats, incentive reward trips and event planning services.

Inspirato has been recognized as one of "America's Most Promising Companies" by Forbes magazine, and won the vacation homes category in Robb Report's "Best of the Best 2012."

To celebrate the new partnership, starting today, American Express Cardmembers can join Inspirato and receive $2,500 off the club's one-time initiation fee for any membership type, and $400 off the club's annual membership fee when paying with their American Express® Card. For more information, including offer terms and conditions, please visit www.inspirato.com/amex.

About Inspirato with American Express
Inspirato with American Express is a private club for luxury travelers who expect exceptional experiences when they vacation. Our members enjoy exquisite vacation properties, highly personalized service and the luxury of certainty when they travel with the club. Learn more about our exclusive collection of private vacation homes, member-only rates and rich club benefits and privileges by visiting www.inspirato.com.

About American Express
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, foursquare.com/americanexpress, linkedin.com/companies/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

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Financials ($)
Sales 2016 31 997 M
EBIT 2016 9 982 M
Net income 2016 5 367 M
Debt 2016 -
Yield 2016 1,68%
P/E ratio 2016 12,60
P/E ratio 2017 12,93
Capi. / Sales 2016 2,07x
Capi. / Sales 2017 2,07x
Capitalization 66 182 M
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Mean consensus HOLD
Number of Analysts 32
Average target price 70,6 $
Spread / Average Target -2,4%
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NameTitle
Kenneth Irvine Chenault Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive Vice President
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Ursula M. Burns Independent Director
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