It’s happened to many of us—you book a non-refundable vacation that ends up getting canceled due to unforeseen circumstances, and then you suffer a financial loss as a result.

Recognizing this age-old problem, Los Angeles-based industry expert Bahar Schmidt came up with the idea for Eluxit—an exclusive, first-of-its-kind resale marketplace where travelers can buy and sell non-refundable vacations and travel packages. From yacht charters and safaris to private jet experiences and cruises, buyers can now purchase these high-end bookings at more affordable prices, while sellers get back much of the cost associated with the trips they can’t take, making it a win-win for everyone.

Here’s how it works: if you have a trip you want to resell, you can apply to list it on Eluxit, then once you’re approved a qualified agent will help you list your trip. If you’re looking for a trip, a travel agent will assist you in buying and transferring the package, including airline tickets (when relevant). You have the option to extend your stay or add another destination to the itinerary, although the dates of the original package aren’t changeable. Trips are listed by Eluxit affiliates, which are travel agencies, agents and corporations that have applied and been approved by the Eluxit team.

In addition to travel agents and their clients, as well as those who aspire to afford dream travel experiences, vacation destinations can also benefit on Eluxit by listing and selling empty rooms to generate secondary revenue. Additional features include convenient, dedicated access to packages during the popular seasons, resulting in serious savings on last-minute packages.

Safe, secure and smart, the Eluxit platform is easy to navigate and complemented by 24/7 customer service. Peace of mind is a guarantee, as participating agencies and travel professionals are screened carefully before being granted memberships to sell on the marketplace.

“Throughout my more than 25 years in the luxury travel industry, I’ve seen cancellations of so many truly incredible experiences and so much wasted money, which motivated me to find a solution,” says Schmidt. “I’m thrilled to bring Eluxit to the world, particularly during a time of so much uncertainty, when the need on both sides is even greater.”

For more information, visit eluxit.com and follow them on Instagram: @eluxit_travel

Kamala Kirk is a University of Southern California graduate and has been an editor/writer for more than a decade. She has written for E! Online, Total Beauty, TravelAge West, Malibu Times Magazine, and many more. She resides in Los Angeles and is a proud pug mom. Follow her on Instagram: @kamalakirk