Luxury Rental Clubs Inspirato and Portico Combine
Big news in the world of destination clubs: former competitors Inspirato and Portico have recently become one, operating under the name Inspirato with American Express. The combined club—perhaps best described as Inspirato’s absorption of Portico—will give all members access to 500-plus luxury properties in more than 100 destinations, 34 of which will be new to Inspirato’s portfolio (including Bora Bora, London, Jackson Hole, and Kauai).
Existing members of Portico will have the option of joining Inspirato with American Express without paying an initiation fee. At the end of their current year, they can then renew with the combined club, upgrade their membership, or walk away. Annual dues start at $2,700 ($200 more than Portico’s current fee).
As part of the combination, Exclusive Resorts—which founded Portico in 2012—is acquiring a minority stake in the company, giving Exclusive’s 4,200 members the opportunity to join Inspirato without paying an initiation fee (a $17,500 value).
Brooke Porter Katz is an Associate Editor at Travel + Leisure. Follow her on Twitter at @brookeporter1.