What doesn’t Costco sell inside its gigantic warehouses? The retailer has been selling wholesale vacation packages for some time, but its new lineup of hotel-only booking options are a surprise.
Fairmont, Park Hyatt and the Waldorf Astoria are a handful of the brands now selling bookings through Costco for prices between 10 and 30 percent lower than the hotels’ standard rates, according to the Wall Street Journal.
The classy new offerings seem to be part of the superstore’s bigger push toward travel products; starting last fall, executive members got 2 percent back on their travel bookings plus 3 percent cash back if used their Costco Anywhere card, which does’t charge transaction fees for purchases abroad. If you needed a reason to go on vacation, Costco’s trying to sell you on it. [WSJ] — Erin Hudson