Qantas is ending its partnership with Luxury Escapes on June 30 2023, with the premium travel packager switching to an exclusive loyalty tie-up with Virgin Australia’s Velocity Frequent Flyer program.
The Velocity-Luxury Escapes alliance will let Velocity’s 11 million members – Luxury Escapes’ 3 million Australian customers – earn and burn points on luxury holiday packages, hotels, cruises, tours and experiences.
While those earn-and-burn rates haven’t yet been revealed, the ‘earning’ will almost certainly be the most attractive option: as a benchmark, the current Qantas-Luxury Escapes partnership sets an earn rate of 1 Qantas Point per dollar on most packages.
However, spending your Velocity Points on your next high-end getaway will probably be only for the ‘points-rich’: this method of using points is generally regarded as a very poor rate of return.
According to Luxury Escapes’ 2023 Travel Trends Report, nine in 10 Australians plan to travel either domestically or internationally in 2023, with destinations such as Bali, Fiji, Gold Coast and Cairns among the most popular.
A Qantas spokesperson confirmed to Executive Traveller that its partnership with Luxury Escapes, which launched in February 2018, will end on June 30; Virgin Australia says its own Luxury Escapes partnership will begin “mid-year”.