Booking a hotel at a better price: An easy way to save money while travelling

When travelling, tourists expect a lot of expenses, and hotel reservations are one of the most expensive expenses in the budget. This problem can be quickly solved by using several ways to save money on hotel reservations.

One of them is refundable booking. Most hotels allow travellers who make refundable reservations to cancel their reservations up to 48 hours in advance without penalty, allowing them to rebook their stay later when hotel prices are more affordable, The Motley Fool writes.

At the same time, travellers can get a better hotel rate by booking a hotel a few weeks or a few months in advance rather than a few days before departure. Hotel prices tend to fluctuate, so booking in advance does not guarantee you'll get the best deal on your hotel stay. Some hotels lower their prices to encourage more travellers to book a room. This means that those who have made a refundable reservation can benefit from lower hotel prices.

So, if you find a better deal a few weeks before the trip, it will be possible to save money by cancelling the existing refundable stay and making a new refundable booking at a more affordable price.

If you travel frequently and prefer hotel stays, this booking strategy can save you hundreds of dollars a year. However, note that if you use this strategy, it's important to make sure you cancel your pre-booked reservation.

Before you make a reservation, you should also familiarize yourself with the hotel's refundable booking policy so that you know how long you have to cancel if your plans change or you find a new, lower price.

In addition, when planning your trip, look for ways to get a better deal. You can free up more money in your vacation fund by taking advantage of hotel and flight deals. Tracking hotel rates and rebooking hotel rooms can lead to additional savings.

If you don't know if you can take toiletries, slippers, or a bathrobe with you from your hotel, read this article on TravelWise.