Tourists flying to Spain or Greece this summer can save hundreds using a handy rebooking trick.
Martin Lewis has floated the idea of cancelling holidays and hotel rooms and re-booking at a cheaper rate.
The finance expert said: "Is your hotel or car hire cheaper now than when you booked? If so, and you've got free cancellation, well, keep checking the prices.
"And if you suddenly find it cheaper, well rebook, and then cancel."
Five financial must-knows
— Martin Lewis (@MartinSLewis) July 15, 2024
1) Will u pay inheritance tax
2) How to start a pension & should u consolidate 'em
3) Get cash from ur pension avoiding the BIG tax trap
4) Can u challenge rent rises
5) How (income, crypo, capital gains) tax works
Full NOT THE MARTIN LEWIS pods avail…
A fan wrote to Money Saving Expert and told Mr Lewis: "In January 2024, I booked a two-week car rental in the US for $1,024. After checking comparison sites in May, I checked back, and the same car was available. I cancelled the first booking, had my deposit refunded, and rebooked at a lower price.
"The lesson here is that booking early does not always guarantee the best price." Martin added: "The lesson is here - get free cancellation".
A Twitter user named Chris hailed the rebooking strategy, claiming it saved him around £250.
The X user took to social media and shared: "I found this booking at a hotel in London for July at nearly £600 for two days back in January, on the off chance I checked earlier this month and it had dropped to £250ish so cancelled and rebooked."
Recommended reading:
Martin Lewis issues Amazon Prime Day warning to shoppers
Mum issues urgent acrylic nail warning to UK teens
Doctor reveals the best hangover cure for anyone struggling
MSE readers also say you can just haggle
"I wanted to travel to Southeast Asia. I booked a year before the holiday. I visited one firm who said it would be £4,000-£4,500pp. The next travel agent quoted £2,700pp, but I tried one more and got it for £2,200pp.
"Couldn't get it any less after that, so this is the one I booked the holiday with," one typed.
"Recently we booked a holiday for a family of four to Florida. Initial quotes were in the region of £5,000-£6,000 for chartered flights, accommodation and car hire. By employing the haggling technique, we managed to get the final price down to just over £2,000 all-in!" a second said.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel