The Lotus Renault Grand Prix driver joined The Hideaways Club in February 2008. He's just recently invested in the management company for the club and has agreed to become an Ambassador for The Hideaways Club.

Read more: Formula 1 Driver Nick Heidfeld Signs Up With The Hideaways Club

This new membership program combines the benefits of fractional ownership with the cost advantages and flexibility of jet cards. Members have access to the new Phenom 300 executive jet by Embraer, without the asset purchase or monthly management fees.

Read more: New Jet Club Membership Program in the Phenom 300 by Flight Options

Fractional and charter jet cards are a good private flight option for those who want the convenience of private travel without the large capital outlay involved in full or fractional jet ownership. Unlike the case with chartering a plane, fractional and charter jet card purchasers pre-pay for access to 20-35 hours of occupied flight time with a particular fractional fleet or with the aircraft available to the charter company. Your flight hours are then debited from the amount of hours you have paid for as you fly.

Read more: The Legal Aspects of Fractional and Charter Jet Cards

Even the most avid winter sportsman knows that, at least sometimes, it's better to spend part of the winter somewhere the snow never flies. Of course, northern residents who don't enjoy any part of the season after November, the “snowbirds,” flock somewhere more temperate as often as they can.

Read more: A Better Place to Spend Your Winter – The Hyatt Residence Club at Siesta Key

Aircraft and vacation properties aren't the only aspects of high end travel on which you can save money by going the fractional ownership route. With SmartYacht, you can enjoy a taste of adventure on the “high seas” without the cost, management, or other hassles involved in full yacht ownership.

Read more: Fractional Yacht Ownership in the Mediterranean

This new club, which just launched earlier this year, has introduced another equity membership option that will give members an average of 15 to 20 days of vacation a year.

Read more: New Ownership Level At Lifestyle Assets

In a note sent to members yesterday, Steve Case, Chairman and majority owner of Exclusive Resorts, announced the appointment of Philippe Bourguignon as the new CEO of Exclusive Resorts.

Read more: Philippe Bourguignon is the new CEO at Exclusive Resorts

The private aviation company and the Las Vegas based hospitality company have agreed to provide mutual benefits to their respective customers.

Read more: NetJets Partnership With Wynn Las Vegas

Destination club, Quintess launched its travel experiences program Quintess Beyond just a few months ago. The latest addition to these experiences is a yoga retreat in Los Cabos, Mexico later this year.

Read more: Quintess Beyond Introduces Yoga Retreat for Members

The Abercrombie & Kent Residence Club, announced a new member promotion that builds on A&K’s award-winning reputation as a leader in luxury travel. Prospects who enroll as new members in the club by September 30, 2011, will receive an Abercrombie & Kent USA travel credit of up to $20,000. This credit can be used for A&K travel in more than 100 countries on all seven continents.

Read more: Abercrombie & Kent Residence Club Offers Travel Benefit for New Members

If you have chosen to go the fractional ownership route over full ownership of an aircraft and are looking at light plane options, the Embraer Phenom 300 offers a combination of savings and performance that is hard to match. Here's some of the reasons why and the options that are available.

Read more: Fractional Ownership of the Embraer Phenom 300

Just in time for the Spring real estate season, a recent article in Barron's highlighted the best places to purchase second homes in the United States. Barron's rates these locations based on beauty, comfort, convenience, a range of lifestyles and, above all else value now that the worst of the financial crisis is over.

Read more: The Best Places for Shared Second Homes

The new program allows potential equity owners to stay for up to four nights for $650 per night. Four Lifestyle Assets vacation homes in four different locations are available through this program.

Read more: Lifestyle Assets Introduces Discovery Trips for Prospective Owners

The American Affluence Research Center has been surveying wealthy households twice a year for the past decade. The latest survey shows increasing interest in private residence clubs and destination clubs.

Read more: Increasing Interest in Purchasing Access to a Shared Vacation Home

CitationAir recently announced that it had added six Citation Xs to the company fleet, calling the aircraft, " the fastest, most time-efficient business jet in production."

Read more: Fast Citation X's Added to CitationAir Fleet