With global economic uncertainty looming, budgets will be imperative in 2023. But despite the upheaval, the good news is that new research from Booking.com reveals nearly 75%* Indian travellers will continue to prioritise their vacations, but will be seeking more bang for their buck, with 69% planning to be even thriftier than in the past on their travels.
While 69% of Indian travellers already consider themselves frugal when it comes to their vacation finances, over 69% are set to plan their travel budget more tightly and take advantage of deals, hacks and smartly-timed travel. With this in mind, Booking.com is sharing tips for helping travellers save in order to splurge when it comes to travel in the year ahead.
Tip 1 | The When:
There are opportunities to save both when it comes to – when to book and when to travel. 2023 will see millennials planning more last-minute trips (53%) whilst older generations will take comfort in planning ahead as the best opportunity to get a good deal (Gen X 60% and Baby Boomers 54%). Last minute deal-hunters can make the most of Late Escape Deals. Discounts start at 15 percent at participating properties indicated by the “Late Escape Deals” badge and are valid for stays with check-out on or before 3 January 2023.
There are deals to be had for those with well-timed trips too. Not only is a midweek getaway one of the best opportunities to grab a deal but can also be a savvy way to avoid the crowds. Those looking for a peaceful, penny-pinching break will enjoy the quieter pace and, as there is less demand, Indian travellers are more likely to save on their stay.
Tip 2 | The Where:
This year will see the impact of extreme seasons also merge into where travellers decide to explore, with 70% Indian travellers claiming that climate change will impact the way they plan their vacations. Whilst some will look to get creative with their journeys by planning longer routes or considering off-season destinations to make their money stretch further.
Those travellers looking to getaway could consider cheaper options during the destination’s shoulder-season, by visiting Booking.com’s 2023 Trending Destinations at less expected times. If visiting Pondicherry in India, travellers could visit this bohemian and seaside city any time of the year. Possessing a calming energy, the city attracts spiritually minded visitors who wish to visit the destination’s ashrams. Blessed with a fascinating history, the quaint streets of ‘Pondy’ are lined with pastel colored townhouses and charming balconies draped with pink bougainvillaeas.
Tip 3 | The How:
Booking everything in one place not only helps to streamline the experience but can also be a great way to maximise on loyalty schemes and deals on offer when booking too. A proven tactic for the 71% of travellers who will optimise their app and loyalty schemes for their 2023 travels. Using the loyalty program, Genius, members can unlock new levels and get access to a lifetime of discounts and travel rewards that never expire. All travellers have to do is sign into their account and look for the Genius logo to identify benefits, discounts and perks.
With a little know-how (know-when & know-where) 2023 can be the year that savvy savers continue to prioritise travel but are more mindful than ever to make the most of their getaway budget.
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