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Tips to Save Money on Holiday Travel Amid Rising Inflation

The holiday season is synonymous with family get-togethers, festive activities, and, for many, travel. According to a recent survey by Bankrate, almost half of U.S. adults plan to embark on an overnight leisure trip this holiday season. However, with rising prices and inflation, many are looking to modify their travel plans to save money. But don’t worry, there are ways to plan your getaway and still keep some cash in your pocket!

1. Plan Ahead and Book Early

One of the most effective ways to save money on your holiday travels is to book your reservations well in advance. The study revealed that around 46% of holiday travelers likely booked their travel reservations by Halloween. Booking early can help you secure the best deals and availability, especially during peak travel season.

Plan Ahead and Book Early

2. Consider Driving Instead of Flying

With the rising costs of flights due to inflation, 27% of surveyed holiday travelers are opting to drive instead of fly. If your destination isn’t too far away, road tripping could save you a significant amount of money.

Driving Instead of Flying

3. Credit Card Rewards, Frequent Flyer Miles, and Hotel Pointss

Another savvy way to save money on holiday travel is to cash in on credit card rewards, frequent flyer miles, and hotel points. These can be used to offset the cost of flights, accommodations, and other travel-related expenses.

4. Choose Less Expensive Accommodations or Destinations

About 23% of holiday travelers are selecting less expensive accommodations or destinations to save money. Consider staying with friends or family, or look into budget-friendly accommodations.

To conclude, there are several effective ways to save money on holiday travel amid rising inflation. By planning ahead and booking early, considering driving instead of flying, utilizing credit card rewards and travel points, and opting for less expensive accommodations or destinations, you can enjoy family get-togethers and festive activities without breaking the bank. Safe travels!

Source: https://www.bankrate.com/finance/credit-cards/survey-holiday-travel/#driving

Editorial Staff

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