How to plan a luxury holiday without going broke

Synopsis:

  • Choose budget-friendly destinations like the Maldives, Philippines, or Leh-Ladakh instead of pricier spots like the Côte d’Azur.
  • Travel during the off-season to enjoy better rates and added perks from eager hotels.
  • Create your own itinerary for flexibility and savings.
  • Look for promotional periods to snag discounted packages with extra benefits.
  • Join loyalty programmes to earn points for flights and upgrades, and use smart payment options like prepaid Forex cards.

If you believe you need to be a celebrity, a page-three regular, or a high-flyer to indulge in a luxury holiday, think again! Whether you dream of the Côte d'Azur's sparkling waters or the Andes' breathtaking skies, you don't need to spend a lifetime saving for it.

You can make that dream trip a reality with a bit of creativity—and a few compromises.

Tips for budget-friendly holiday

1. Choose a destination that suits your pocket 

This should be at the top of your travel cheat sheet. While the Côte d'Azur may be out of reach for now, stunning alternatives in the Maldives, Philippines, Malaysia, or Zanzibar offer the chance to stay in water bungalows and gaze at endless blue waters where the horizon blends with the sky. If you prefer higher altitudes, consider the Altai Mountains in Kazakhstan or the untouched beauty of Leh-Ladakh. It may not be the Andes, but with some research and planning, you can create a memorable holiday that’s even more rewarding because you ventured off the beaten path and saved a substantial amount of money.

2. Travel during off-season  

Travelling during peak season can take a serious toll on your budget, but visiting in the off-season could leave you feeling like royalty. It might be as simple as opting for a winter trip instead of the bustling summer months (or vice versa for tropical destinations). Sure, there may be fewer open restaurants, but hotels will be eager for your business—often offering great deals and even throwing in a few extras at little or no cost.

3. Make your own itinerary  

Travelling during peak season can take a serious toll on your budget, but visiting in the off-season could leave you feeling like royalty. It might be as simple as opting for a winter trip instead of the bustling summer months (or vice versa for tropical destinations). Sure, there may be fewer open restaurants, but hotels will be eager for your business—often offering great deals and even throwing in a few extras at little or no cost.

4. Book during promotional periods  

Promotional periods are now common across products and services, including holidays, and often fall between the off-season and the start of peak travel. While these deals are typically offered as discounted packages, they often include additional perks like free upgrades or complimentary meals. To snag these offers, staying in the loop by tracking travel websites, signing up for newsletters, and getting insights from others who have taken advantage of similar deals is essential.

5. Join a loyalty programme  

Loyalty programmes are now standard with most banks and credit card companies, and no discussion about luxury travel on a budget is complete without mentioning 'travel hacks.' These involve using points earned from branded credit cards for airfare, hotel upgrades, access to airport lounges, and dining perks.

Many websites are devoted to mastering this points-based travel. However, there’s no such thing as a free lunch. When planning a luxury trip using points, be prepared to be flexible with your travel dates, as discounted hotel rates are often limited, and airlines only offer reward seats on specific days.

6. Make your money work smarter 

  • Prepaid Forex cards – These are a safe and secure option to cash and can be used as a credit card or to withdraw local currency from ATMs worldwide. HDFC Bank, for example, offers a variety of ForexPlus cards. So, choosing this over the riskier proposition of carrying cash may be wise.
  • HDFC Bank SmartBuy – This portal allows you to plan every aspect of your holiday in one convenient place. With SmartBuy, you can compare and book flights and hotels, shop online, and enjoy great discounts—all in one go. It’s an excellent way to save on travel when you're on a budget. Plus, if you pay using your HDFC Bank Debit or Credit Cards, you can earn reward points and cashback, further boosting your savings.

Still dreaming of your luxury holiday? Rely on these tips to plan a fantastic getaway for yourself. If your friends wonder how you managed to pull it off on a constrained budget, well, let them! And if you’re looking for the best way to manage your money while abroad, this might help. Bon voyage!

If you want to apply for an HDFC Bank ForexPlus Card, click here now!