For those determined to make their travel dreams come true, Tanya stressed the importance of early planning. “Book your flights early, be flexible with dates and try group tours to save on costs,” she suggested. Tanya also mentioned seeking out lesser-known destinations, which can often offer equally stunning experiences at a fraction of the price.
One way to make luxury travel more affordable is to take advantage of credit card points. Many travel-focused credit cards offer rewards for everyday spending that can be redeemed for free flights, hotel stays, and airport lounge access. According to a 2024 report from FIS Global, 45% of Indian consumers now use rewards-based credit cards for international travel. Tanya explained that using a credit card that offers higher points for travel-related purchases is an effective way to maximize rewards.
Shah also highlighted the importance of travel insurance. “Medical insurance is sacrosanct…I developed shingles while traveling in the United States and a five-minute consultation cost me $3,600. $25,000 in medical insurance only costs just 2,500 rupees, a small price for peace of mind,” he said while driving. at home its point.
As travel costs continue to rise, it's crucial to consider currency conversion fees, which can eat into your travel budget. Shah highlighted an important tip: “Typically, when you convert a currency, you pay conversion fees twice: once to convert rupees to dollars and again to the destination currency. Credit cards often have lower costs for foreign exchange transactions, making them a smarter way to go. option.”
Planning short-term trips is another way to save money. According to a 2023 study by the Indian Ministry of Tourism, 53% of Indian travelers prefer to plan their vacations a few months in advance rather than years. Shah emphasized that travel planning does not require long-term investments like an SIP for education.
So, are luxury vacations worth it? The answer, for many, is yes. If the memories you create survive the likes on Instagram, then travel becomes more than just a showcase of your adventures: it becomes a part of who you are. Have a good trip !
