Traveling on a Budget An MBA 620 Presentation
Hong Kong The United States All 50 States Taiwan Canada Vancouver Toronto Mexico Nogales China Beijing Shanghai Nanjing Shenzhen Xian Tianjin Anhui Guangzhou Luoyang South Korea Seoul Singapore Step 1: Plan in Advance Jared Andersen Malaysia Phuket Thailand Bangkok Chang Mai Indonesia Jakarta Bali Lombok Japan Tokyo The Philippines Manila Baguio Cebu
Where, When, Who? ► Take the road less traveled § Don’t go where everyone else does § Don’t take trips when everyone else does § Go local ► Try to plan things far in advance § Booking a year in advance saves money, especially for international travel § Leave yourself enough flexibility to do what you want when you get there ► When good deals come at the last moment … § Have sample itineraries prepared in advance for places you would like to go ► Travel with friends
Be Prepared ► Frequent-flier miles § Use them for international travel § Beware of blackout periods ► Travel Guides § Don’t wait until you’ve booked the tickets before getting a travel guide § Use the Internet § Call people you know in the area for guidance ► Websites § www. johnnyjet. com
The United States Utah Oregon Idaho Montana Colorado New York Vermont Illinois Florida Texas Missouri California Kansas North Carolina Nebraska Nevada Arizona Washington Mexico Tiajuana Ensanada Canada Toronto Step 2: Consider the Options Janene Smith
Planes … ► Be flexible – § Be ready to buy tickets when a great deal is available – then think of a reason you want to go § Be willing to give up your seat if you get the opportunity § Be willing to change the dates you travel, what airports you fly into, and flights you take ► Save money – § See if a discount airline serves the airport you want to fly into § Southwest doesn’t charge more for business travelers § Register with each airline to receive special e-mail deals § Buy during off-peak seasons
Planes … ► Shop smart – Check at least 5 websites to compare prices § travelzoo. com § priceline. com: bid for seats without choosing the airline, route, or time of day § hotwire. com: offers great prices, but leaves you without knowing the airline or time § orbitz. com: won’t show you discount airlines § travelocity. com § sidestep. com: will match one airline against another § southwest. com
Trains … ► Advantages § Less crowded than airports § Sometimes cheaper ► Amtrack: Chicago to LA for less than $60 § City-center to city-center connections ► Detroit to Chicago for $5. 70 § Reasonably priced overnight accommodations on the train § Fewer security-related delays than air travel ► Disadvantages § § § ► Time Not always cheaper Overnights are not that comfortable www. amtrack. com
… & Automobiles Don’t accept insurance options, check with your own agent to see if you’re covered, or use a credit card that offers travel insurance ► Check the carefully before leaving the lot, and have damages documented ► Make sure you can find an affordable car before getting a nonrefundable airline ticket ► Weekly rentals provide larger discounts than daily ones ► Websites ► § www. alamo. com § www. avis. com § www. drivebudget. com
Hotels ► Don’t always believe way you read Photos online are not a true reflection of the hotel Online ratings aren’t always accurate Consult the Mobil Travel Guide, travel agents, and AAA guides for reliable ratings § Get a second opinion to make sure you’re getting a good deal § § § ► Some hotels offer bargains on their own websites § i. e. Radisson and Hilton Look in a USA Today or The Wall Street Journal for traveler’s secret code deals ► Websites ► § § § www. priceline. com www. hotwire. com www. hoteldiscount. com www. hotelbook. com www. roomsaver. com
Food ► Eat where the locals do, not where the tourists go ► Beware of extra charges in some restaurants (i. e. bread on the table) ► Skip a restaurant meal at least once a day § Take breakfast to the hotel or take advantage of a continental breakfast § Use low-cost alternatives for other meals § Visit the supermarket and pack a picnic lunch § Eat a light snack with fruit or cheese at midday § Utilize carry-out pizza places
Moorea Tahiti The Bahamas Cayman Islands Greece Olympia Sicily Turkey Step 3: Decide How to Pay Italy Mexico Cancun Tijauana Puerta Vallerta The United States 40 of the 50 states Jason Strong
Foreign Currency ► Compare exchange rates § Banks and ATMs § Hotels, airports, border exchanges ► Have some before entering the country ► Beware of exchange bureaus with low rates but high service charges ► Exchange large amounts less frequently ► Beware of black markets, counterfiets
The Power of Plastic ► Travel Assistance Services § Pass emergency messages to family and friends § Arrest, accident, need of legal assistance § Emergency transportation § Medical assistance § Some will help fill prescriptions ► Spending Power § Sometimes it’s all you need (have a backup) § Convenient § No chargeback rights – keep receipts § Banker’s buying rate, wholesale exchange rate § Contact the CC company (keep their phone number)
ATMs ► Wholesale exchange rate + junk fees ► PLUS (VISA) or CIRRUS (Master. Card) ► 4 -digit PIN number ► Find ATM machine locations § www. visa. com and www. mastercard. com
Traveler’s Checks ► Good for emergencies ► Safe ► Write down the serial numbers and keep them in a safe place ► Fee when cashed
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