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5 Best Travel Tips For A Tight Budget

Travel is very important because it expands your horizons. It helps us think outside the box and go beyond the familiar. Even if you just travel somewhere in the city making time to be active is inspirational. Although, sometimes travel can get expensive if not done with care. Here are some top tips to help you travel more if you're on a tight budget:

Fly on Off-Peak Days

Pricing in the airline industry has become increasingly volatile, meaning fares can drop or sky-rocket at any given time. However, generally speaking, when the demand softens, airfares tend to drop. If you must travel on a Monday, Friday or Sunday, you'll find higher fares since these days tend to be popular for business and leisure travel. That means airfare tends to drop—sometimes by 50 percent or more—on Tuesday, Wednesday and Saturday. If your itinerary allows you to be flexible, search for flights on off-peak days

Travel to Destinations That Recently Hosted Big Events

Some of the best travel savings are based on the destination. Travelers should look at destinations that recently hosted big events, such as the Olympic Games, as hotel inventory will be readily available. For example, the 2008 Summer Olympic Games didn't necessarily translate into the big tourism boom China anticipated. As a result, hotels are slashing rates on their increased inventory, resulting in deals for luxury properties and vacation packages that showcase the best of the country.

Stay at Hotels in Business Districts for Lower Weekend Rates

In many cities, business travel drives hotel prices on certain days of the week. In New York City's Financial District, hotel occupancy and rates are high from Monday through Thursday nights. But once the business travelers leave, hotels in the Financial District have increased availability, making a Friday through Sunday getaway much more affordable. This same trend applies to the cities coast-to-coast. 

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