Inspirato launches Inspirato for Good, a new turnkey solution for nonprofit fundraising

Inspirato Incorporated

Easy-to-use, no-commitment platform enables nonprofits to offer Inspirato luxury travel packages to accelerate fundraising and delight donors

DENVER, Sept. 12, 2022 (GLOBE NEWSWIRE) — Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the innovative luxury hospitality company, today announced the launch of Inspiration for goodan easy-to-use, no-obligation platform that allows nonprofits to offer Inspirato luxury travel packages to simplify their benefit events, accelerate their fundraising, and delight their donors.

Inspirato for Good streamlines the complex task of fundraising by enabling nonprofits to offer high-value Inspirato luxury travel packages to donors through auctions and other charitable campaign channels. Each package consists of an Inspirato vacation that the donor can choose from a comprehensive list of travel options, combined with a six- or 12-month Inspirato Club membership. Packages are priced at $4,000 or $8,000, depending on the value of qualifying trips and length of subscription. With both packages, the association keeps 50% of the purchase price for its fundraising campaign. Donors can purchase as many packages as they want, and the platform is consignment-based with no commitment required – if no packages are purchased, the charity pays nothing.

“There are more than 1.5 million nonprofits in the United States, and many of them offer vacations for purchase as part of their fundraising efforts,” the co-founder said. and CEO of Inspirato, Brent Handler. “With Inspirato for Good, we are committed to giving them an easier, more impactful way to differentiate their charitable campaigns and accelerate the funds they raise for important causes. Our team does all the work and no commitment Best of all, nonprofits can now partner with a recognized luxury hotel brand to boost their fundraising efforts, confident that their donors will receive substantial value in the form of luxury vacations. Inspirato and a Club membership.

Inspirato for Good is distinguished by the quality, variety and flexibility of vacations offered to nonprofit donors. Unlike typical auction vacation packages that require donors to commit to a specific destination, accommodation and travel dates on the evening of the event, Inspirato for Good’s unique model offers donors a full year to choose their trip from a list of more than 60,000 options in more than 75 iconic destinations. Choices include Mexico, the Caribbean, and Europe, as well as major US destinations like the Hamptons, Vail, New York, Florida, and Pebble Beach. Plus, as Inspirato is constantly adding new properties and destinations, the selection continues to expand over time. Many trips range in value from $10,000 to $20,000 and range from two nights to more than two weeks, with thousands of options for seven nights or more. Each trip is fully transferable (for example, to family, friends, colleagues or employees) and includes the personalized five-star service that Inspirato is known for. In addition to their trip, donors also receive a free Club Inspirato membership worth either $3,600 or $7,200, depending on the package chosen.

“Inspirato for Good has really taken our event to the top,” noted Robin Wise, President and CEO of Junior Achievement Rocky Mountain, which leveraged the platform during its recent auction. “The Inspirato team took care of all the promotional details, the buzz was incredible and these packages became the showcase of the evening. We had a strong turnout and achieved our fundraising goals. Best of all, our donors who have purchased packages have been won over by their experience with the Inspirato service team.

“Inspirato for Good has brought so much excitement to our annual NightShine Gala,” added Candice Jones, Major Gifts Manager at the Denver Health Foundation. “We had 1,300 donors in attendance and the Inspirato travel packages were a huge success – arms literally went up in the air to buy them. In fact, by featuring them, we raised more money than ever before at this year’s live auction. Everyone on the Inspirato team was kind, collaborative, and invested in our success.

About Inspirato

Launched in 2011, Inspirato (NASDAQ: ISPO) is the innovative luxury hotel brand that provides access to a managed and controlled portfolio of hand-selected vacation options, delivered through a subscription model to ensure service and certainty. that affluent customers demand. The Inspirato portfolio includes branded luxury vacation homes available exclusively to subscribers and guests, accommodations at five-star partner hotels and resorts, and personalized travel experiences, with five-star personalized service included on every trip. . In 2019, Inspirato revolutionized travel by introducing Inspirato pass, the world’s first luxury travel subscription that includes all fares, taxes and overnight charges. In 2022, Inspirato launched Inspiration for good, an easy-to-use platform designed to support important causes by providing high-value fundraising results for nonprofit organizations. For more information, visit www.inspirato.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the federal securities law. Forward-looking statements can be identified by words such as: “believes”, “may”, “may”, “will” and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements we make regarding growth and product development.

Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control. Accordingly, you should not rely on any such forward-looking statements. Important factors that could cause our actual results to differ materially from those set forth in the forward-looking statements include, but are not limited to, the risks detailed in our filings with the Securities and Exchange Commission (the “SEC”). , including in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 filed with the SEC on August 10, 2022 and subsequent filings with the SEC.

Any forward-looking statement we make in this press release is based solely on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update publicly any forward-looking statements, written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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