Chase Travel Previews Enhanced Luxury Hotel Program - The Edit by Chase Travel℠ - Launching in 2024 for Chase Sapphire Reserve® Cardmembers

Rhea-AI Summary

Chase Travel expands luxury offerings for Chase Sapphire Reserve cardmembers in 2024 with the launch of 'The Edit by Chase Travel'. The program provides access to hand-selected luxury hotel properties worldwide, offering exclusive benefits, property credits, room upgrades, and the option to redeem Ultimate Rewards points for the first time. The brand also shares insights into luxury travel trends and top booked hotels for New Year's Eve and 2024, highlighting a rise in future travel bookings, increased travel to select markets for sports and entertainment events, and a rise in first-class travel styles.

Chase continues to expand its premium travel offerings for Chase Sapphire Reserve cardmembers in 2024 with access to the revamped luxury lodging booking platform, The Edit by Chase Travel.

With its expertise in luxury travel, Chase Travel offers an inside look into 2024 luxury booking trends.

NEW YORK--(BUSINESS WIRE)-- Chase Travel is offering a preview of its new luxury hotel program – now known as “The Edit by Chase Travel” – which will launch in early 2024.

The Edit Attributes (Photo: Business Wire)

As an evolution from the brand’s popular Luxury Hotel & Resort Collection℠, The Edit℠ is a new, editorially driven program designed to elevate Chase Travel’s luxury lodging offering. The Edit will make it easier for Chase Sapphire Reserve cardmembers to plan, book and visit the most sought-after, hand-selected and highly vetted hotel properties across the globe.

Cardmembers now have the ability to book participating properties with their Chase Sapphire Reserve card or, for the first time, by redeeming Ultimate Rewards points. Additional complimentary cardmember benefits include breakfast for two, property credits and room upgrades, if available, in addition to other amenities when they book through The Edit.

Cardmembers will also have the ability to discover what a property is best known for – helping travelers ensure their property selection meets their individual travel needs, whether they are seeking a family-friendly resort, a spa or wellness retreat, or are looking to be inspired by art, design, culinary offerings and more.

Given the brand’s leadership and expertise in premium travel experiences, Chase Travel is providing a glimpse into luxury lodging and travel trends based off its booking data to help inspire last-minute New Year’s Eve and 2024 travel plans.

In-Demand Luxury Properties to Inspire 2024 Travels

• Top Booked Hotels This New Year’s Eve
  • Four Seasons Hotel Tokyo at Otemachi: Tokyo, Japan
  • The Kahala Hotel & Resort, The Leading Hotels of The World: Honolulu, Hawaii
  • Fairmont Banff Springs: Banff, Canada
  • The Wall Street Hotel, Preferred Hotels & Resorts: New York, New York
  • The Charles Hotel, a Rocco Forte Hotel: München, Germany
• Trending 2024 Properties
  • The St. Regis Aspen: Aspen, Colorado
  • 1 Hotel Hanalei Bay: Princeville, Hawaii
  • Villa d'Este, The Leading Hotels of The World: Cernobbio, Italy
  • Nobu Hotel Los Cabos: Cabo San Lucas, Mexico
  • Kimpton Seafire Resort + Spa: Grand Cayman, Cayman Islands

Anticipated 2024 Trends

• Planning Ahead^1: While a majority of travel bookings for Spring and Summer typically take place in the new year, when comparing year-over-year (YoY) booking trends, as of early November 2023, Chase Travel is seeing an increase in future travel:
  • 47% YoY increase in Spring 2024 purchases
  • 59% YoY increase in Summer 2024 purchases
• Moments Worth Traveling For ²: Chase Travel analyzed select markets for the upcoming sports and entertainment events in 2024 and found the following when comparing YoY travel bookings:
  • 115% YoY increase in travel to Melbourne during the 2024 Australia Open
  • 39% YoY increase in travel to Salt Lake City during the 2024 Sundance Film Festival
  • 12% YoY increase to travel to Las Vegas during the 2024 Super Bowl
• Rise in Traveling VIP Style ³: Chase Travel observed the following increases in first-class travel styles in 2023:
  • 40% YoY increase in 5-star hotel stays
  • 28% YoY increase in business-class tickets
  • 14% YoY increase in first-class tickets

Chase Sapphire Reserve cardmembers can visit chasetravel.com to learn more about offerings and explore and book their next travel journey.

Methodology

Travel data based on proprietary chasetravel.com booking data for air/lodging for travel in 2023 and 2024. YoY defined as year-over-year.
¹ YoY booking trends indicate an increase in travel booked for Spring and Summer 2024 as of November 2023, a promising indicator considering spring and summer travel for 2023 were booked in January 2023.
² Chase Travel analyzed select markets for the upcoming sport and entertainment events and found increase when comparing YoY travel bookings
³ When comparing YoY for 2023 vs. 2022

ABOUT CHASE

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading financial services firm based in the United States with assets of $3.9 trillion and operations worldwide. Chase serves nearly 80 million consumers and nearly 6 million small businesses, with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: More than 4,700 branches in 48 states and the District of Columbia, more than 15,000 ATMs, mobile, online and by phone. For more information, go to chase.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20231201268503/en/

Media:

Michael Sinatra

551-574-8031

michael.sinatra@chase.com

Isabella Persico

847-414-7877

Isabella.persico@chase.com

Source: Chase

FAQ

What are the new luxury offerings introduced by Chase Travel for Chase Sapphire Reserve cardmembers in 2024?

Chase Travel introduces 'The Edit by Chase Travel', providing access to hand-selected luxury hotel properties worldwide, exclusive benefits, property credits, room upgrades, and the option to redeem Ultimate Rewards points for the first time.

What insights into luxury travel trends and top booked hotels for New Year's Eve and 2024 are shared by Chase Travel?

Chase Travel shares insights into a rise in future travel bookings, increased travel to select markets for sports and entertainment events, and a rise in first-class travel styles. They also highlight top booked hotels for New Year's Eve and 2024.

Where can Chase Sapphire Reserve cardmembers find more information about 'The Edit by Chase Travel'?

Chase Sapphire Reserve cardmembers can visit chasetravel.com to learn more about 'The Edit by Chase Travel'.