Financial Freedom in 2021! Take Action: Day 26
There are so many options on where to stay while on vacation these days… from luxury hotels to extended-stay motels to RV resorts to cabins to vacation home rentals to tent-camping. Even with a large family, many hotel rooms can now accommodate everyone. It can be really hard to narrow down the choices and make a decision.
The good news is that when there are various options and abundant supply, the buyer often benefits from all that competition. You just have to be prepared to do the research.
Once you’ve settled on which type of accommodations will provide the best value and experience for your trip, the following list can help you save money on them …
Check Rewards First
Just like shopping for airfare, check with your credit card rewards and/or your hotel chain membership to determine whether you have enough points to book a night or two at a hotel. If you don’t have a hotel card or rewards membership, but your trip is several months away, consider applying for a card with a great bonus offer so you can collect and redeem miles at least a month before your travel dates.
We recently applied for the Hilton Honors AMEX, thinking ahead to two destinations this year with excellent (but expensive) family-friendly Hilton resorts. Because of the bonus offers and by using the card to pay for part of the stay (thus maximizing the points per purchase), we should be able to get 4 nights covered with points this year.
Get the App
Hotel apps can also help you earn free nights faster or offer upgrades and discounts. I like the hotels.com app. I’ve earned two free nights (1 free after 10 nights) and taken advantage of significant savings due to “secret prices”. Also, if you access hotels.com through the Ibotta app, you can earn cash back for your hotel purchases.
When searching for a hotel or vacation home, I always use the map function to make sure I understand where a hotel is located before clicking to find out more info. The maps on the search sites often show tourist attractions, the airport, and parks in the area so it’s easy to determine how close the hotels are to everything.
If your goal is to minimize transportation costs, stay close to it all. If your goal is to minimize lodging costs, stay a bit outside the city or in a small town nearby.
Take Advantage of Filters
When it comes to a hotel, I look for at least 3 stars, a very high review rating, and amenities that will save us more money, such as free breakfast, free wifi, free parking, in-room kitchen/ette, free airport shuttle, etc. Bonus if there’s a nice pool, water park, playground, and/or hiking trails onsite… something that can entertain kids between other planned activities.
Keep Your Options Open
When I find a great hotel at a decent price, I book… but only at the free-cancellation rate. Then, I set an alert/reminder in my phone to go back and check hotels again just before the final cancellation date. I re-do my hotel search then to see if the hotel we booked has a better deal or if another one has dropped in price.
Alternatives to AirBnB/VRBO
Looking for a vacation home rental but don’t want to pay the excessive fees? Ask your friends or put up a post in Facebook groups. Often times, a vacation home owner will be willing to rent it out without going through these sites (especially if you’re a friend or acquaintance).
You can also try local property management companies or Vacasa to find the same homes listed on AirBnB or VRBO at slightly cheaper rates (and fewer fees).
Another tip is to find a few homes you like in the area on the major rental sites, then reach out to the owners directly to negotiate a lower rate, especially if the homes are still available less than a week before your travel dates. Send an email to 4-5 owners offering the price you’re willing to pay. Chances are, at least one will agree to take less than their listed rate rather than make nothing on a vacant home.
In summary, finding great deals on vacation lodging requires a bit of time, research, comparison shopping, and possibly some negotiation. It’s worth it, though, to save that money to put toward activities while on your trip or to have enough left in the budget to book your next vacation!
Today’s action step is to continue to do research on the places you’re interested in traveling to this year. Add estimates for accommodations to your travel budget spreadsheets.