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You've heard of destination weddings. Well there are also destination graduation parties. For the family that wants to celebrate their graduate's successes somewhere else, there are packages available that help with the planning. Of course, your guests are going to have to have the desire and funds to travel to your party. You may want to do a quick survey of how many people can actually make the trip before you plan it. Perhaps it will only be close family.
There are banquet halls all over the world that will help you plan a graduation party in their town. They'll help you hire caterers, decide on decorations and help arrange lodging for your family. So if you have the funds to do it and want to experience a family trip with your graduate before he goes off to college or "the real world," there are plenty of ideas and support systems in place to help you.