The credit crunch may have put paid to those plans for a luxury cruise around the Azores, but there are still plenty of high-class low-rent holidays to be had, and all you need is a savvy head and a shrewd eye for a bargain.
Firstly, and in accordance with an effort to downsize the proverbial carbon-footprint, it’s worth scrutinising the distance you want to travel and how you’ll get there. There are plenty of hot, sunny destinations accessible via train, and many other, not-so-sunny, destinations on your own doorstep. Train fares across Europe are creeping down in price all the time, and spending some time researching the comparative costs of singles, returns and indirect routes can yield some remarkably cheap journeys; and a clean conscience too!
If you are determined to go further afield for your holidays, then the usual paradox for booking flights holds true: either as far in advance as you can manage, or as close to when you want to leave as you dare. Of course, last minute booking is decidedly more risky a method than advance booking, but it can lead to the holy grail of low-cost flight-bookings: the flight that costs less than the tax.
If you’re undecided between several destinations abroad, it’s worth taking into account the relative exchange rates of each country. Considering the pound’s considerable economic heft around the globe, you should get value for money wherever you go, but there will inevitably be places where your money will take you a lot further than others.
Low-budget holidaying need not mean low-comfort, and despite their reputation, hostels around the world are no longer the flea-ridden hovels of old. There is also an overabundance of them, particularly in the typically backpacker locations – a good place to find out where and how much hostelling around the world can be is HostelBookers.com, which contains comprehensive listings, guides and details of the world of hostels.
And don’t forget to get hold of a decent travel insurance policy before you go – if you’re trying to cut costs it could be tempting not to bother but this is one expense that’s genuinely worthwhile. The best approach is to track down a good value policy instead – if you’re a regular traveller then an annual policy is certainly worth looking into – they’re cheaper than you might think (a standard Annual European travel insurance policy from Go Travel is only £27.99), even if you only go abroad three times in a year it could work out cheaper.