Loading Bernadette Olivier, co-founder of fashion rental platform The Volte, says school formal wear is a growing part of the business, with many mums and daughters ordering several dresses to try on.

Rentals start at $75,000 to $150,000 in sizes XS to L. Tip: They offer dresses for both formal events and other occasions. Rentals last four days, with a 50% deposit required. Where: Nicaragua ...