By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Finance > 3 ways to cut costs on a trip to Europe
Finance

3 ways to cut costs on a trip to Europe

News Room
Last updated: 2023/08/30 at 6:26 AM
By News Room
Share
6 Min Read
SHARE

This article is reprinted by permission from NerdWallet. 

Contents
1. Save money by looking to second cities2. Stretch your budget by being flexible with travel dates3. Get compensated if your travel is delayed

European travel is — by some metrics — bigger this year than it was pre-pandemic. In the first six months of 2023, 43% more Americans flew to Europe compared with the same period in 2022 and 4% more than the same period in 2019. Those figures come from the U.S. Department of Commerce’s International Trade Administration, or ITA, data.

While bigger crowds generally mean higher prices, there’s another reason why travelers should brace for European travel to be expensive this year: inflation. Soaring inflation has, by some metrics, hit harder in Europe than in the U.S.

The yearly rate of inflation in the U.S. rose 3% in June 2023, according to May consumer price index data. But in the European Union, the annual inflation rate rose 6.4% in June 2023, according to Eurostat, the statistical office of the European Union.

So while you should expect European travel to be expensive and crowded this year, a few strategies can make a European vacation more affordable.

1. Save money by looking to second cities

Second cities are the lesser-known, less-populated areas around major cities. They can often offer lighter crowds and lower prices than the big tourist destinations.

As far as European second cities (or third or fourth cities) go, you might enjoy Austria’s second-largest city by population, Graz, which is about a 2 ½-hour train ride from Vienna. Between the Graz Truffle Festival and the abundance of places to enjoy Backhendl (Austrian fried chicken), it’s a foodie paradise. And with sites like the Eggenberg Palace and the world’s largest historical armory, it’s a must-visit for history buffs.

In France, you might skip Paris for the country’s third-largest city by population, Lyon, which has a lovely historic district called Vieux Lyon, as well as spectacular Roman ruins that are free to visit.

Be sure to read: Airbnb mega-hosts: How large management companies can affect your travel experience

2. Stretch your budget by being flexible with travel dates

Shoulder season is the period between the peak season and the offseason. It often has lighter crowds (and typically lower prices) than peak season. Plus, there’s generally cooler weather and more local things to do.

The exact dates of off-peak versus peak seasons can vary by region, based on factors like weather and tourist attractions. But according to 2019 ITA data, across Europe, the four least busy months to fly were November through February.

The four busiest months in the same year were May, June, July and September. That leaves March, April and October as those shoulder season months — and potentially the best months to travel to Europe.

But even if you can’t be flexible with which month you travel, sometimes adjusting your trip by a day or two could save hundreds of dollars in airfare. Travel booking tools like Google
GOOGL,
+2.72%
Flights and Hopper offer date grids that show you the cheapest airfare in the period surrounding your intended travel date.

Also see: Why the American Express Platinum Card fee hike may really be about airport-lounge overcrowding

3. Get compensated if your travel is delayed

Even with the perfect flight itinerary, anticipate delays. 2023 has been brutal for European air travel, which has been met with everything from computer problems to ongoing airport staff strikes.

If your European flight is delayed, you may be entitled to compensation. An EU regulation called EU261 forces airlines to compensate travelers for most cancellations, denied boarding, or delays of two or more hours on flights into, out of or within the EU.

Read: Is your international layover long enough? There’s plenty that could go wrong.

As long as the flight wasn’t disrupted due to circumstances that are beyond human control — such as weather — passengers are entitled to compensation ranging from 250 euros (about $275) to 600 euros (about $660), depending on the length of the flight and delay.

The regulation is controversial, and some experts say the regulation hasn’t done anything to actually mitigate flight disruptions.

“Penalizing airlines raises airline costs but does not address delays caused by factors over which airlines have no control, such as inefficient air traffic management or staffing shortages at air navigation service providers,” read a June 2023 statement from airline lobbying group the International Air Transport Association.

Read next: Try a little psychology to save on your next plane ticket

But at least for passengers waiting out a delayed flight, the compensation serves as a small consolation prize in the event of a disrupted European vacation.

More From NerdWallet

Sally French writes for NerdWallet. Email: [email protected]. Twitter: @SAFmedia.

Read the full article here

News Room August 30, 2023 August 30, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
The power crunch threatening America’s AI ambitions

Many utility companies are pinning their short-term hopes on “demand response” solutions…

Why beef prices are out of control in the U.S.

Watch full video on YouTube

Stocks close lower to start the week, Stifel’s bullish Tesla call

Watch full video on YouTube

Touchstone Dynamic Large Cap Growth Fund Q3 2025 Commentary

At Touchstone Investments, we recognize that not all mutual fund companies are…

Israel stepping up ‘creeping annexation’ of West Bank, Palestinian PM says

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

Finance

4 Ways To Avoid Fake Shipping Fee Swindles

By News Room
Finance

Dell Supports Endeavor Miami’s Quest To Empower Black Founders

By News Room
Finance

The World’s 10 Most Expensive Cities To Live

By News Room
Finance

Biden Sends Student Loan Forgiveness Emails To 800,000 Borrowers

By News Room
Finance

New Student Loan Forgiveness Application For Those With Medical Issues

By News Room
Finance

Who Really Owns Nursing Homes, And How The Feds Are About To Learn More

By News Room
Finance

Gone Are America’s Cushiest Federal Prisons

By News Room
Finance

Can You Still Get Insurance After A Cancer Diagnosis?

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?