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Virgin Galactic

New Mexico's Spaceport America, where Virgin Galactic hopes to launch the first commercial space flights. Photo from Virgin Galactic.

New Mexico’s Spaceport America, where Virgin Galactic hopes to launch the first commercial space flights. Photo from Virgin Galactic.

Fortune has come out with an interesting follow-up story to our previous post about Sir Richard Branson’s out-of-this-world venture Virgin Galactic, which aims to bring space tourism to America.

Some 600 affluent travelers — including plenty of intrepid baby boomers — have plunked down up to $250,000 each to be among the first passengers on a commercial flight into space, which could happen as early as 2014, though previous target dates have come and gone. With six passengers scheduled for each flight, that would already amount to 100 sold-out flights.

According to Fortune, one travel agency — Virtuoso — has landed exclusive rights to book passengers throughout the Americas onto the flights.

Virtuoso — which bills itself as “the travel industry’s leading luxury network” — includes more than 330 agencies… Continue reading

Spaceport America -- will it revive the fortunes of Truth or Consequences, New Mexico? Photo from Spaceport America.

Spaceport America — will it revive the fortunes of Truth or Consequences, New Mexico? Photo from Spaceport America.

Baby boomers of a certain age may vaguely recall when a small town in southern New Mexico, then called Hot Springs due to the natural hot springs in the area, agreed to change its name in 1950 to Truth or Consequences.

Ralph Edwards, the host of a popular radio and soon-to-be TV quiz show (called, of course, Truth or Consequences) offered to broadcast the show from any town that would change its name to, you guessed it, Truth or Consequences, in honor of the show’s tenth anniversary. Edwards returned every year for decades on the anniversary, and Truth or Consequences turned the occasion into a celebration called the T or C Fiesta. (The town is now usually referred to simply as T or C by the locals).

T or C gained… Continue reading

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According to government and private surveys:

  • Leading-edge baby boomers (born between 1946 and 1955) and seniors account for four out of every five dollars spent on luxury travel today.
  • Roughly half the consumer spending money in the U.S.--more than $2 trillion--is in the hands of leading-edge baby boomers and seniors.
  • Baby boomers (born 1946-1964) travel more than any other age group.
  • When asked what they would most like to spend their money on, baby boomers answered “travel” more than any other category, including improving their health or finances.

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