Suites at the Super Bowl, Nobu on board, a trip to Lake Como: Inside the perk wars taking over the private jet industry

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Mondays

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πŸš€ Experience Luxury: Private Jet Companies Up the Ante with Exclusive Perks 🌟In the world of private aviation, luxury and exclusivity are the new battleground. Private jet companies like Flexjet are offering clients unparalleled experiences, from lavish trips to private fireworks displays, all for those spending six figures annually on jet programs.Targeting ultra-high-net-worth individuals who value experiences over material possessions, the market has seen a 70% increase in this demographic over the past five years, with nearly $30 billion spent last year. To attract these customers, jet operators are investing heavily in lavish benefits, pushing the boundaries of what's possible in the private jet market.With fractional jet usage surging 70% from June to August and the average age of private jet customers decreasing, younger generations are driving a surge in the luxury experience sector, prioritizing experiences over material possessions. Once clients experience the perks, such as watching the Yankees from the Legends Suite or having their dog drink water with natural flower essences at altitude, it's hard to go back.The Daily News Now! β€” Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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