Home Travel News Top Money-Saving Tips for Planning Travel in 2022

Top Money-Saving Tips for Planning Travel in 2022

Top Money-Saving Tips for Planning Travel in 2022

seb_ra / Getty Images/iStockphoto

It’s six months until summer, which makes it a perfect time to start planning summer travels. But with COVID-19 emerging again in big numbers across the globe, you might be hesitant to dream big about a summer vacation, or a getaway at any time of the year, out of fear of losing money.

Travel Prep: 10 Financial To-Dos Before Going on a Trip
More Info: 40 Pandemic Airport Secrets Only Insiders Know

But you don’t have to put off making plans for 2022 travel. Instead, by planning smartly, you can both save money on your travels and guard against losses you could incur if continuing COVID-19 outbreaks force a change in your itinerary. Read on to learn more.

Best Savings Accounts: Choose a high-interest savings account from our top banks with rates at 5X to 10X the national average and start saving today.

Make Your Plans Now

Because of the ongoing pandemic, you might think it would make more sense to make travel plans closer to your date of departure to allow you greater flexibility. Gabby Beckford, a travel expert who operates the website Packslight.com, said that isn’t the right strategy.

“Even in 2021, with the pandemic still going on and restrictions in place, I saw flight prices shoot up, tours get booked out and accommodations get more expensive in the peak summer months, especially in Europe,” she said. “Even with the omicron variant causing some turmoil at the moment, people will travel during the summer. So if you want some fun in the sun, book three or more months in advance, especially this year.”

Learn: 13 Insider Secrets From Travel Agents That Will Save You Money

Don’t Prepay When You Don’t Have To

As you make plans, give yourself as much wiggle room as possible.

Hotels and rental car companies often will offer discounts on your rates if you prepay at the time of booking, but experts say to resist. For a hotel savings of $10 to $30 a night at average properties, the risk isn’t worth it if you need to change your plans. You’ll be charged at the time of reservation, and most companies have strict non-cancellation policies that range from the forfeiture of one night’s stay to the entire itinerary. Should you need to cancel because of COVID-19, or any other reason, you probably won’t get your money back.

“2022 is actually a good time to book travel because there are many travel promotions, flexible schedules and fully refundable options,” said Christine Le, a travel writer at Luxury under Budget. “Make sure you book hotels that are cancellable and fully refundable close to the travel.”

Find: 10 Credit Cards To Consider for Travel Rewards

Purchase Trip Insurance

If you must prepay for your vacation package, cruise, etc., buy trip insurance, experts say.

“If something prevents you from traveling, and everything you’ve booked is non-refundable, you’re in trouble,” said Nicolette Kay, the founder of Semi-Budget Travel. “Trip insurance covers so many what-ifs these days that, at a fraction of what your entire trip costs, it’s worth it.”

For the truly frequent traveler, you can take insurance a step further by buying an umbrella travel policy, said travel expert Edyta Satchell, the founder and CEO of Satchelle Global. She said such insurance will cover all the travel you do in a year.

“I just bought mine for $777 for two adults and one child for the entire year that will cover us for all our trips in the next 12 months,” she said. “As a comparison, a tour operator wanted us to buy insurance for $99 per person for a seven-day vacation package with the same coverage. You will save so much money.”

Looking Ahead: 10 Money-Saving Summer Travel Tips Only Insiders Know

Book Rental Cars in Advance, Too

Travelers in 2021 found sky-high rates for rental cars, largely because car companies sold off much of their inventory in 2020. Advice for 2022? Book early — and then keep checking for price changes.

“Book a non-prepaid car rental as early as possible. Prices are often better, and you can always rebook if you find a better rate or cancel for free if plans change,” said Mark Mannell, CEO of CarRentalSavers.com. “This is especially important if you need a larger vehicle or are traveling during peak times. I booked a car rental for October 2022 already and it was about $200 less than last year for similar dates and vehicle type.”

So agreed Jonathan Weinberg, the founder and CEO of AutoSlash.com.

“With rental rates at historic highs, a car rental went from being an afterthought in the before times to being a budget-buster post-Covid,” Weinberg said. “We’re already seeing rates averaging around $100 per day over the holidays, and we don’t expect much relief during the peak spring/summer travel season due to high demand and limited supply of new vehicles due to the semiconductor shortage in the auto industry.”

His company, AutoSlash, will track your reservation and inform you if a lower rate is found.

“Renters who track their rental reservations for lower rates will typically save an average of 30% over renters who book and never re-check their rates,” he said. “In short, booking a pay-later rate is a win-win since you can retain complete flexibility while also being able to take advantage of any better deals that come along.”

Also Read: How To Save Money on Rental Cars for Your Upcoming Trip

Look For Unexpected Savings

Big cities often are out of reach financially for many travelers, but 2022 could be the year to capitalize, said Rob DelliBovi, luxury travel advisor and concierge and founder of RDB Hospitality.

“In 2022, business and convention travel will still not be fully back, so urban destinations will be cheaper than ever, as they’ll be slower than before the pandemic,” he said. “It’s a great time to visit cities like NYC, Chicago, San Francisco, at much lower price points than we’re used to.

“Expect these cities to bounce back in a serious way in 2023 and 2024, so don’t miss these opportunities in 2022. Hotel rates are going to be lower, especially during the week — typically when business and convention travelers would take over the city. People that travel to big cities on weekdays will see discounts and promotions all over the place.”

More From GOBankingRates

About the Author

Jami Farkas holds a communications degree from California State University, Fullerton, and has worked as a reporter or editor at daily newspapers in all four corners of the United States. She brings to GOBankingRates experience as a sports editor, business editor, religion editor, digital editor — and more. With a passion for real estate, she passed the real estate licensing exam in her state and is still weighing whether to take the plunge into selling homes — or just writing about selling homes.


Please enter your comment!
Please enter your name here