Spring break airfare is down 9 percent over last year, and hotel rates are down as much as 32 percent. Sounds like a buyers market. Or…is it a catch-22?
Considering the current economic situation, many of you are probably torn between taking advantage of the great travel deals that are popping up or padding your savings with some extra cash, but I’m here to offer another solution: compromise with your bank account. A vacation this spring break is well within reach for many, but you should be on the lookout for ways to maximize every dollar. Here are five cost savings strategies that will work:
Search for high value destinations. Travelocity’s spring break data report revealed handfuls of destinations where both airfare and hotel rates have declined, and we identified the top eight hot spots where travelers can save more than $100 per person over last year’s prices.
Liberate yourself from flight fixation. Last month, Genevieve pointed out a trend that has plagued travelers for centuries. (Ok, I’m exaggerating, but you get the point.) Travelers should focus on the total cost of their vacation not just the cost of their flight. Remember, hotels are usually the costliest expenditure of any trip, and a Travelocity study shows that consumer who book vacation packages save an average of $315 per couple.
Hit the road. With gas prices averaging below $2 a gallon, a road trip may be the most affordable option for travelers. The average domestic airfare from U.S. departure cities costs $338 this year ($655 for international). Pocket that cash, and explore a nearby destination by car. Don’t forget to take advantage of the great hotel deals in many destinations!
Look for last second deals. There are great deals to be had on lastminute.com if you can be flexible with both your dates and your destinations. Itching for some sun? Set a budget then search beach destinations and see how far your pennies will take you.
Take a cruise. This is an ideal time to try a cruise if it’s on your travel-to-do list. Right now, you can find cruises as low as $50 per night, which includes meals, entertainment, accommodations and transportation between ports. A recent study showed that a Caribbean cruise saves an average of $1,000 per person when compared to a land-based vacation to the islands.
