You need not lose hope if your big annual holiday abroad is under threat because of economic concerns. Rising oil prices may have made flying more expensive; inflation in commodities may have already made hotel stays a tad costly.however, you can still cut a good deal with some fore planning and intelligent money management.
When on a budget, it is essential to research to the last detail, in everything you want to do during the holiday-purists often call this bad tourism since there is more fun in surprise.nonetheless, you may not want to be poorer by a few hundred euros, for instance, during difficult times. That may be because of taking the wrong transport in a city, going to the wrong restaurants, or even not carrying a water bottle.
Here are a few things you can do: pick countries where inflation has been reasonably hedged; a daily does of this newspaper or online economic portals will help you zero in on the perfect destination. Keep a tab on the rupee’s movement against other currencies.
Talk to as many people with foreign holiday experience as you can. Use social networking to your advantage; post questions on cheap localities to stay in a particular city, availability of hostels rather then hotels, places where you can sample the local cuisine etc.
If you are taking a loan, the odds may be stacked against you right now-banks may have already tightened the availability of finance. Considering that two-three banks will be interested in forwarding a loan, there is little harm in playing one against the other to bargain a lower interest.
Do an online comparison of airline ticket and hotel prices. There are numerous websites which aid the process-websites can be handy and faster to search for last minute deals from both airlines and hotels. Hotels and airlines sell inventory directly through their websites, more so when there is strong demand, however, during a recessionary environment, hotels can struggle with low occupancy rates. supplying the room to online shop can help maintain utilization.
Apart from stay and food, transport can be a money-sucking proposition. Familiaries yourself with the maps-roads,metro,water ways-before you land.Having a clear idea on what you want to see, what you want to do will help in selecting the right as well as the cheapest transport available.
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