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7 ways you can have a luxury holiday without spending a fortune

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7 ways you can have a luxury holiday without spending a fortune (1)

Travelling in luxury doesn’t have to cost a fortune. If you’re savvy, you can get a top hawaiian luxury getaway for a fraction of the price you thought. While it’s true that you’re not going to be able to have this type of experience on a budget, you can significantly slash the total costs.

Below you’ll find seven ways to make your luxury getaway affordable.

1. Travel outside of the high season

Every holiday destination has high and low seasons. High seasons receives ten or twenty times more holidaymakers compared to the low. This means the nightly cost of hotels skyrocket to fill the demand. If you travel during major holidays or Christmas, you’ll end up paying considerably more.

Instead, consider travelling during the low season. You can search online and find the exact time of the year on Google in a matter of minutes. Then if you plan your holiday around that time of the year, you’re guarantee to cut the costs. For example, if you travel to Hawaii during the summer months (between June and July), you can expect the prices of your vacation to be much higher than in spring or autumn.

2. Avoid the school holidays

This tip is a follow on from the one above. And only applies to those who aren’t travelling with children. School holidays will see the cost of flights, hotels and pretty much anything else at least double. Prices start to rise a few days before the start of the school holidays until the kid’s go back to school. Aside from having your luxury getaway at a lower price, you’ll also have more privacy.

3. Plan your trip

Smart planning is the key to having a luxurious getaway at a fraction of the original price. If you search around online, you might find discounts on certain holiday rentals and resorts. This is especially advantageous if you’re staying in an all-inclusive. Eating out for breakfast, lunch and dinner combined with your drinks quickly skyrockets.

It might work out more affordable to book an all-inclusive in some destinations. Other times it works out to be better to splash out on accommodation and get your meals yourself. This same concept also applies to activities, tours and holiday experiences. Spending a little time planning before you go will help you slash the total price.

It may also be possible for you to have a more luxurious trip if you travel with friends and split the cost.  For example, you may not be able to hire a villa by yourself or as a couple, but by sharing it with another couple or two makes it affordable when the cost is divided between you. 

The same goes with luxurious transport such as a private jet.  Whilst a flight by yourself could be way to costly, you may find the cost more affordable if you pay for a private jet charter by the hour and divide it by six people or more.  Private jet charter company Jettly make it easy to search for private jets with a mobile app allowing anyone to find private air travel in real-time. 

4. Create a ‘luxury holiday’ fund

Smart planning helps you cut the total cost. Smart financial management helps you afford a luxurious getaway. If you know you want to go on holiday next year, start saving now. You can go to the bank and open up a new account specifically for your vacation. This gives you an incentive to keep putting more money into the account to pay for your luxurious trip.

One strategy is to get a ‘money box’ and put it in your home. Every day, you can put your change into the money box. At the end of the month, deposit it all into your holiday account. You can set up ways to cut the costs on a small scale throughout the year.

For example, if you don’t go out this weekend, put £30 into the account. Over time, this will add up and pay a significant chunk off the total price of your trip.

5. Be flexible

The more flexible you are with your vacation, the better chance you have to find a deal of a lifetime. Sometimes cruises offer huge discounts on their rooms a few days before the departure date. Hotels might have a special promotion on certain days of the year. And some destinations are inevitably much more expensive than others.

If you have your heart set on a trip to the Caribbean, this tip won’t work for you. But if you’re open to any vacation, be as flexible as possible. Not only will you potentially save thousands, but you’ll also have more of an adventure.

6. Book tours in advance

If you want to go on a tour during your holiday, plan your trip before you start your holiday. Yes, you can arrange tours in your hotel or resort. And yes, you can find tour companies near the place where you’re going to stay. But they often charge much higher per person than booking online.

If the tour company is next to an expensive resort, you can guarantee the same tour will cost two or three times more. Why? Because the tourists have money to burn.

Instead, you can find the same tours and book them online before you start your holiday. While you won’t save thousands, you’ll probably save hundreds. You can then spend the extra money elsewhere.

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7. Set a budget. Then stick to your budget

Booking an affordable luxurious holiday is one thing. But coming back home without having an enormous credit card bill to pay off is another. It’s so easy to spend more when we’re on holiday. Especially when you can just stick it all on your card.

The only way to avoid nasty shocks when you get back home is to set yourself a budget. If you have £2000 to spend on holiday, don’t be careless and spend £3000. You don’t have to keep track of every last thing you buy. Just make a conscious effort to stick to your budget.

A great tip is to divide your holiday spending money up by the number of days you are on holiday to give yourself a budget each day.  Stick to it, or even try to spend less one day so you have more the next day to really spoil yourself!

Everyone can have a luxurious holiday

If you’re smart with your vacation planning and budget, you can find the holiday of a lifetime for a fraction of the price you see advertised. Travel during the low season, even better, outside of school holidays. Create a vacation fund to help you save. And always try to stick to your budget when you’re on holiday.