FinanceSpectrum.com Pitches Low-Cost Summer Vacation Ideas

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FinanceSpectrum.com financial advice website proposed a hearty list of vacation ideas for consumers on a budget, after discovering that hotels around the nation are scaling back amenities in preparation for a low-travel season.

If you get a little creative, there are all sorts of ways to save money on summer vacations.

FinanceSpectrum.com financial advice website today offered suggestions for summer vacations that won’t break the bank, geared towards consumers who are looking to get in some traveling and fun without a large price tag. FinanceSpectrum.com was stimulated to publish such a list after reading about the trend of hotels around the nation scaling back on amenities, in preparation for what they anticipate to be a low-travel season.

Quentin Fottrell of the Wall Street Journal’s MarketWatch authored an article, published June 4th 2013, in which he described a recent inclination for hotels to clamp down on costs, cutting services like room service and positions such as bellhops. Fottrell reports that the cuts are to keep the pace with consumers who are scrimping on their travel spending this season. He reports that the largest hotel in New York City, the Hilton Midtown, plans to cut its room service—along with the room-service staff, at least 55 of them—in August.

In keeping with the demand for low-cost travel, FinanceSpectrum.com comprised and released a list of recommended summer vacations that are as economical as they come. The online magazine suggested ideas like camping, visiting relatives, house swapping, or even “staycations.” FinanceSpectrum.com is quoted as saying, “If you get a little creative, there are all sorts of ways to save money on summer vacations. One of my personal favorites is actually the undervalued staycation—where you stay in your city or town, or very close by. It eliminates airfare and rental cars right off the bat, and lodging if you choose to stay at home. But if it’s within the budget, it can be fun to splurge on a night at a bed and breakfast outside the city, or a downtown hotel room if you live in the booneys. You get to play tourist without traveling very far, and it’s an opportunity to see things that, as locals, often get overlooked.”

Finance Spectrum recommends to their readers that they, "Take a look at travel insurance. This is less important if you’re using your AARP discount at the local Motel 6. It becomes much more important if the price of the trip is a significant loss that will be tough for you to recover from. Travel insurance has a similarity to no exam insurance in the fact that nobody checks your health before you buy travel insurance. Senior travelers, who as a group are statistically more prone to illness, may want to consider travel insurance."

FinanceSpectrum.com encouraged camping for those who already have the gear—or the ability to easily borrow it—pointing out that campsites are quite cheap, hiking and stargazing are free, and food can be pre-purchased for a good price. Visiting relatives or friends was another suggestion, as FinanceSpectrum.com points out it would eliminate the cost for lodging. The finance magazine admits there would be some travel costs involved, but the lodging, potential to eat in frequently, and “free” tour guide are opportunities that are hard to pass up. FinanceSpectrum.com did add that if consumers go this route, it’s essential to be courteous and compensative house guests, pitching in for groceries and house-cleaning.

According to the above-mentioned MarketWatch article, hotels are starting to include some amenities in the price of a room, such as internet, parking, and breakfast, as a way to keep these perks on while still getting compensated. The editorial director of Travelzoo, Andrew Young, is quoted as saying, “Much like airlines, hotels are looking for ways to maximize ancillary revenue and reduce costs.”

About FinanceSpectrum.com:
FinanceSpectrum.com is an online finance advice magazine that dishes out valuable guidance, facts and recommendations for the every-day consumer. FinanceSpectrum.com commonly features stories that revolve around budgeting, credit, paying off loans and debt, and investment opportunities.

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