Booking Travel in 2021? Here’s How to Protect Your Investment

If you’re anything like us here at Military Living, you’re ready to get back out there and see the world! We can also understand feeling some apprehension about making a big investment when the future is so uncertain. Here we have some great tips for how you can protect the money you invest on travel in the future!

The New York Times ~ ” Between the promise of a coronavirus vaccine and the plethora of trips, cruises and lodgings on sale, travelers may be tempted to buy now for future vacations. But the crystal ball remains cloudy as to when you might be able to travel freely, given the frequency of virus surges, shifting quarantine requirements and border closures. Given weak bookings, will your travel provider even be in business by the time your trip rolls around?

‘Travel will become expensive once we have a vaccine and life rebounds again,’ said Stella Shon, the travel and credit cards expert at ValuePenguin, a personal finance website. ‘If you see a great deal, as long as you take the necessary precautions to protect yourself in the event of interruption or cancellation, it’s not a bad idea to book now, especially if you can change or cancel without penalty.’

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Look for flexible terms Hotel bookings have historically been easy to cancel without penalty within a day or two of arrival. Since the pandemic, airlines, too, have become much more consumer friendly by waiving cancellation penalties and allowing fliers to rebook their trips without fees.

‘It’s important to look at the cancellation policy,’ said Julie Ramhold, a consumer analyst at the sales website DealNews.com. ‘If you’re getting anything back, what are you getting back, a refund or travel credit? When does the credit expire and are there blackout dates?’

Charge it and insure it Compared to cash or debit cards, paying via credit card offers financial protection. In the event a travel company goes out of business, and you’ve paid it through a credit card, you can dispute the charge with the credit card company, a process that usually takes time and persistence.   “ ~ The New York Times

Please note that thankfully, many military lodging facilities have very flexible cancellation policies! Make sure you check out our 2021 Temporary Military Lodging Guide™ for great information on these lodging facilities. And click the link below for more information on how you can protect your investment!

Source: Booking Travel in 2021? Here’s How to Protect Your Investment – The New York Times

** Please note: Due to the impact of COVID 19 on travel, we encourage people to always plan trips in accordance with the guidance provided by government and health officials.


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