While it’s a favourite past time for many people, travelling is certainly expensive. When you take into account accommodation and transport costs, not to mention eating out and paying for activities, it can add up quickly. Instead of skimping on the fun stuff, like eating out and visiting tourist attractions, there are several ways you can save money on accommodation, including travelling during off-peak season and keeping an eye out for coupons.
If you’re a keen traveller who loves a good deal, we’ve rounded up five easy ways to save big on accommodation and get the most bang out of your travel buck.
Finding the balance between location and affordability is tricky when it comes to booking accommodation in foreign countries. While staying in central locations might be more convenient, if you venture out a little further, accommodation costs become much more reasonable.
If you’re a confident or experienced traveller, it might be worth finding a less popular place that’s still a reasonable distance from the city. The further away you get from the city centre, the more significant price drop you’ll see. Staying in the outskirts of town can also be good for stumbling across undiscovered gems such as authentic cuisine, quaint hotels and unusual activities that are cheaper and far less busy than typical tourist attractions.
If you really want to save money, think about booking in off-season periods. For instance, avoid travelling to places like Europe in the summer, which is its busiest period. In winter, hotels can be discounted by up to 40 per cent. However, it’s important to keep in mind that destinations have slow periods for a reason: aside from unfavourable weather conditions, some attractions or activities may be closed for the season.
According to Expedia’s recent travel pricing report, to score the cheapest deals, hotels should be booked on Fridays and Saturdays. While hotel prices are at their peak Monday through Wednesday. And unlike flights, sometimes waiting until the last minute to book can help you snag a better deal on a hotel room.
If it’s your birthday, anniversary, honeymoon or first time at a hotel, let them know. Hotels are known to spoil guests with free champagne, chocolates, and if you’re lucky, a room upgrade. Don’t feel guilty for dropping a hint, as hotels love to celebrate occasions for customers as they are more likely to leave a positive review if they feel they’ve been treated well.
One of the easiest ways to cut accommodation costs is to take advantage of coupons. If you haven’t jumped on the Groupon bandwagon yet, now’s the time. Groupon is essentially a virtual coupon book that you can use to get deals up to 70 per cent off a range of products and services, and has an entire section dedicated to travel.
Important information: The information provided on this website is of a general nature and for information purposes only. It does not take into account your objectives, financial situation or needs. It is not financial product advice and must not be relied upon as such. Before making any financial decision you should determine whether the information is appropriate in terms of your particular circumstances and seek advice from an independent licensed financial services professional.