Booking a refundable hotel stay could be a good move for your wallet.
- When making hotel reservations, look for refundable options.
- You’ll have a guaranteed place to stay, but you’ll have the flexibility to cancel if you find a cheaper hotel rate before your trip begins.
If you have an upcoming trip to take, now is the time to start planning. There are many benefits to planning a vacation as soon as possible. It can help ensure you have an itinerary ready for when your vacation rolls around, and it can help you keep more money in your bank account by getting lower rates.
If you put off travel plans until a few days or weeks before your trip begins, it can be challenging to stick to your vacation budget. In many cases, hotels and airlines continue to increase their rates as travel dates get closer, so planning well in advance could land you a lower rate. But there’s something else you might consider doing to help you save money. Learn more about a simple trick that could help you get a great hotel deal.
Make refundable hotel reservations
The way you book your accommodation is important. These days, travel disruptions are not uncommon, and even if you plan carefully and do everything right, the unexpected can happen. If you have the option to do so, you should book hotel stays that are fully refundable to protect yourself if your plans change.
What is a refundable hotel reservation? This type of reservation is usually available through hotel booking websites and when booking with hotels directly. A refundable hotel stay allows you to cancel your plans at no cost up to a certain point, usually 24 hours or 48 hours before the start of your stay. If your plans change or you find a better hotel (or a better rate), you can cancel your reservation within the established time frame without penalty.
You should know that the nightly rate may be a bit higher for this added convenience, but it gives you flexibility as you continue to plan your adventure.
Another reason to book a refundable hotel ASAP
Another reason to secure a refundable hotel reservation early is to buy more time to find a better hotel deal. If you continue to shop around and pay attention to deals after you book your refundable room, you may be able to find a cheaper stay in the weeks or months before your trip begins.
This is a method I often use when booking accommodation. I usually book a refundable hotel stay within a few days of making my initial travel plans. Doing this ensures that I have a reasonably priced hotel room, but it also gives me plenty of time to look around to see if I can find a better price.
But there is one important thing to remember: Don’t forget to cancel a reservation you no longer need if you go this route. If you find a lower priced room after making your initial reservation, be sure to cancel the initial reservation. If you don’t, you’ll end up paying for two hotel stays, which could be expensive.
As you search for reimbursable hotel options, be sure to review the terms and conditions. You want to make sure you understand the rules to avoid costly mistakes.
You can find cheap travel
Even when travel prices are at their highest, it is possible to find cheap travel. Keep an eye on social media posts and email promotions to see if any of your favorite hotels or airlines are offering money-saving deals.
Another tip is to be flexible when making travel plans. If possible, play around with your travel dates to get lower rates. A mid-week trip could be cheaper than a weekend stay. Plus, you’ll likely deal with fewer crowds.
Consider using a travel rewards credit card to pay for your trip. With the right credit card, you can earn valuable rewards and redeem your rewards for free travel in the future.
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