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Virtuoso® Partners with Virgin Galactic for Ticket Sales Referral Program
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Virgin Galactic (NYSE: SPCE) has partnered with Virtuoso, a luxury travel network, to offer limited spaceflight experiences to its elite client base. This collaboration provides access to Virgin Galactic's spaceflight, priced at $450,000 per ticket, along with exclusive events and astronaut training for guests. With the inclusion of Virgin Galactic, Virtuoso enhances its portfolio of over 2,200 luxury partners, creating new marketing avenues for both companies. This strategic move aims to reach high-net-worth travelers seeking unique experiences across global markets.
Positive
Partnership with Virtuoso enhances Virgin Galactic's market reach and referral opportunities.
Access to Virtuoso's extensive network of over 20,000 luxury travel advisors.
Direct sales opportunity for a limited number of spaceflight experiences, priced at $450,000.
Negative
None.
Virtuoso adds spaceflight partner to its exclusive global portfolio
Limited number of remaining seats available to Virtuoso's global client base
NEW YORK & TUSTIN, Calif.--(BUSINESS WIRE)--
Virtuoso®, the leading global network specializing in luxury and experiential travel, and Virgin Galactic (NYSE: SPCE), an aerospace and space travel company, today announced a strategic partnership to make a limited number of seats for Virgin Galactic’s spaceflight experience available to Virtuoso’s global client base.
Virgin Galactic is opening the door to a new space age – and this agreement makes the wonder and awe of space travel accessible through Virtuoso’s portfolio of top-tier luxury experiences. Virgin Galactic’s elegant and distinctive flight system takes off and lands on a runway and allows passengers to experience weightlessness and breathtaking views of Earth, all in unparalleled comfort. In the lead up to space flight, Future Astronauts enjoy access to the flagship membership community, including exclusive events, trips and activities around the world. The experience culminates in a multi-day, all inclusive astronaut training and hospitality program for the customer and three guests at Virgin Galactic’s planned innovative campus – all delivered with trademark Virgin style and designed to enrich the transformative experience of space.
Virgin Galactic joins Virtuoso’s portfolio of more than 2,200 luxury travel partners in 100 countries worldwide. The agreement will present new referral and marketing opportunities to Virtuoso’s network of more than 20,000 luxury travel advisors and their upscale clientele. At the same time, Virgin Galactic will gain direct relationships with the world’s leading luxury travel advisors in North and Latin America, the Caribbean, Europe, Asia-Pacific, Africa and the Middle East.
“Virtuoso is excited to welcome Virgin Galactic back into our partner portfolio and to offer our clients a travel experience like no other,” said Virtuoso Chairman and CEO Matthew D. Upchurch. “As a Future Astronaut myself, I can speak firsthand to the curated, high-touch and one-of-a-kind journey Virgin Galactic offers, as well as the community it cultivates. Travel transforms us and pushes us out of our comfort zone. For our advisors who have clients seeking pioneering, transformational travel, a Virgin Galactic spaceflight is the ultimate experience.”
Virtuoso agencies worldwide sell an average of $25-$30 billion annually, making the network the most significant player in luxury travel. Its partners, which specialize in world-class client services and experiences, provide superior offerings, rare opportunities, and exceptional value for Virtuoso clients.
“Virtuoso’s prominence as the world leader in the luxury experiential travel category makes them the ideal strategic partner to expand our reach in this valuable sector,” said Blair Rich, Virgin Galactic President & Chief Business Officer, Commercial and Consumer Operations. “We are excited to offer this limited quantity of tickets to Virtuoso clients and to connect with those who are searching for meaningful, deeply transformational travel experiences.”
Virtuoso travel advisors will have exclusive access to a limited number of reservations within Virgin Galactic’s first 1,000 seats. Seats will sell at the standard price of $450,000.
Virtuoso® is the leading global travel agency network specializing in luxury and experiential travel. This by-invitation-only organization comprises over 1,200 travel agency locations with more than 20,000 travel advisors in over 50 countries throughout North America, Latin America, the Caribbean, Europe, Asia-Pacific, Africa and the Middle East. Drawing upon its preferred relationships with more than 2,200 of the world’s best hotels and resorts, cruise lines, airlines, tour companies and premier destinations, the network provides its upscale clientele with exclusive amenities, rare experiences and privileged access. Normalized annual sales of (U.S.) $25–$30 billion make Virtuoso a powerhouse in the luxury travel industry. For more information, visit www.virtuoso.com.
About Virgin Galactic Holdings
Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehicles. It is developing a spaceflight system designed to connect the world to the wonder and awe created by space travel and to offer customers a transformative experience. You can find more information at https://www.virgingalactic.com/
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Virgin Galactic Holdings, Inc. (the "Company"), including statements regarding the Company’s spaceflight systems, markets and expected flight schedule. These forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at www.virgingalactic.com. These filings identify and address other important risks and uncertainties that could cause the Company’s actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
