Advertising
Advertising

5 Ways to Outsmart Hotels and Save Money

5 Ways to Outsmart Hotels and Save Money

When it comes to dealing with hotels, know that you have the advantage. Hotels are a permanent fixture, which means they can’t change their location and they’re entirely dependent on foot traffic. You, on the other hand, have the option of walking nearby to inquire at competing hotels. And with searches on your phone, you can quickly find key information such as room rates and occupancy levels in your city.

A Google search reveals that in the U.S. the average room rate is between $122 to $137 per night. In 2015, hotel prices rose 3 percent, according to Hotel Price Index (HPI).

Here are ways to cut your hotel costs.

  1. Book late and use rewards programs

In the airline industry, ticket fares increase the longer you wait to book a flight but the opposite is true for the hotel industry. Room rates decrease the longer you wait (to book your room) because these establishments are motivated to increase their occupancy.

There are many tools at your disposal. For instance, HotelTonight is a mobile app that lists discounts at thousands of hotels. Room rates found on the app typically decrease the longer you wait to reserve your room — the later it gets, the more hotels slash their prices to avoid having too many empty beds. On average, the app’s users save 17 percent, according to CEO Sam Shank in an interview with Lifehack.

Advertising

Secondly, consider using hotel rewards or card programs. In the case with HotelTonight, the app has a partnership with Capital One that gives Venture and VentureOne cardholders an extra 10 percent discount on top of other savings. Card reward programs often bundle their offers with other promotions. So in this case, Venture cardholders will earn unlimited double miles while VentureOne customers continue to earn 1.25 miles on their purchase.

So do your research. Almost all major credit cards and airlines have partnerships with hotel chains — some award points that accrue toward a free hotel stay or airline ticket and other perks.

  1. Find off-peak times and occupancy levels

Go online and look for off-peak times and occupancy levels in your target city. This is possible through the power of search engines. Media outlets and consulting firms often publish occupancy levels in key cities. A Google search reveals that occupancy rates averaged 84 percent in San Francisco in a recent year, but these levels can be as low as 60 percent in Miami during a certain period.

If nearby hotels have higher numbers of empty beds than they’d like to admit, you should leverage that information to negotiate a lower rate. If you stay for a week, the savings could add up to hundreds of dollars. And that leads to our next tip.

Find out when offseason takes place. It won’t be near the Super Bowl and it won’t take place near March Madness. Hotels may also slash prices at the end of summer or right after holidays, or during midweek (compared weekends). If you’re staying at a hotel and you’re seeing a big crowd, chances are you’re also paying a higher price. It’s Economics 101: More demand equals higher prices while more supply means lower prices.

Advertising

If you plan to frequent a specific hotel, then introduce yourself to the manager. Negotiate your rate or ask for a room upgrade. Most hotel managers are well-connected and it’s a shortcut to discovering the ins-and-outs of a locale that you may not know about.

Airplane-wing
    1. Use coupons and vouchers

    Go online and research coupon and hotel voucher sites. They can shave off the room price as well as give your various other benefits. For example, airport hotels can offer free parking, airport shuttle or a cheaper flight. So consider how smaller savings from various sources can add up to a tidy sum.

    A casino hotel may offer free tickets to a show or provide free meals and drinks. If you’re likely to miss breakfast, get a to-go box and save your meal. Take advantage. Hotels want to give you these perks. Competitors are nearby, and being a fixture, hotels are permanently stuck to their location. You’re not.

    1. Travel like a local

    Traveling shouldn’t bind you to perpetually patronize restaurants and local shops to the point where your bank account is in the red. Restaurants and shops located inside the hotel are particularly expensive. Moreover, when you go abroad tourist hotspots are known to significantly inflate prices if you look like a foreigner. Adjust accordingly and you won’t get ripped off.

    Advertising

    When it comes to dining, there are hotels that have kitchenettes, so you can buy gastronomical delights and cook at your leisure. If you’re traveling abroad, ask the hotel’s front desk if you can get a discount or other perks if you pay in U.S. dollars. The greenback represents a stable currency that, in some cases, is more redeemable than local fiat money.

    1. Ignore entertainment packages

    There are mobile apps that will help you find worthwhile activities. Apps such as ‘CityMaps’ will show you nearby attractions while ‘Peek’ helps you book nearby activities and tours.

    For the most part, forget the hotel’s organized tours and entertainment packages. Most of these packages have significant markups where the hotel collects a nice commission. If you want to go diving, going outside the hotel premises to a nearby diving shop will usually save you money.

    Some packages may not be a bad deal, but how will you really know unless you’re already familiar with local prices? Chances are, you’re not.

    And these packages can include destinations that you won’t necessarily enjoy — like a forced visit to the local zoo when all you really wanted to see was the coastline or historical museum. Always consider that the hotel and tour company may get commissions from forcing you to eat at a particular restaurant or by forcing you to visit a certain destination. They are for-profit enterprises. It’s also tough to back out when the package deal already includes the entry fee to places that you don’t want to visit.

    Advertising

    Traveling is fun and it should be done smartly. It can definitely be accomplished without breaking your wallet. As Warren Buffett says, “Price is what you pay but value is what you get.”

    Airport-waiting-lounge 2 - Picjumbo - Lifehack

      Featured photo credit: William Warby via flickr.com

      More by this author

      Marvin Dumont

      Entrepreneur, Disruptor

      Tips for Shoring up your Finances in 2017 5 Ways Technology Can Make Your Travel Stress-Free 5 Last-Minute Holiday Shopping Tips to Beat the Holiday Rush Five Myths that can Harm your Credit Score 5 Ways to Outsmart Hotels and Save Money

      Trending in Lifestyle

      1 The Ultimate Guide to Help You Sleep Through the Night Tonight 2 Why Am I Exhausted? The Real Causes and How to Fix It Forever 3 60 Small Ways to Improve Your Life in the Next 100 Days 4 42 Practical Ways To Improve Yourself 5 How To Be Successful In Life? 13 Tips From The Most Successful People

      Read Next

      Advertising
      Advertising

      Last Updated on October 16, 2018

      The Ultimate Guide to Help You Sleep Through the Night Tonight

      The Ultimate Guide to Help You Sleep Through the Night Tonight

      It’s well past midnight and you’ve got to get up in less than six hours. You toss and turn all night. Before you know it, another hour passes by and you start panicking.

      If I don’t get to sleep in the next 30 minutes, I’m going to be exhausted tomorrow!”

      One thing is for sure, you’re not alone. Over 70M+ Americans have stated that they don’t get the proper sleep they need at night.[1] So what could possibly be causing this insomnia epidemic?

      Throughout my entrepreneurial journey of building my language learning company, I have experimented and researched dozens of best sleep practices. Some have flopped but a few have dramatically improved the quality of my life and work.

      In this article, I’ll look into the reason why you’re sleep deprived and how to sleep through the night tonight.

      Why you can’t sleep through the night

      The first step to improving anything is getting to the bottom of the root problem. Different studies have shown the reasons why most people cannot sleep well at night.[2] Here are the main ones that the average person faces:

      Advertising

      Stress

      If you’ve ever stayed up at night worrying about something, know that it’s a major sleep inhibitor. When you’re feeling stress, your mind and body becomes more activated, making it incredibly difficult to fall asleep. Even when you do manage to sleep, it won’t be deep enough to help you feel rested the next day.

      Exposure to blue light before sleep time

      We’re exposed to harmful blue light on a daily basis through the use of our digital screens. If you’ve never heard of blue light, it’s part of the visible light spectrum that suppresses melatonin, our sleep hormones. Other harmful effects include digital eye strains and macular cellular damage.

      While daytime exposure to blue light is not very harmful, night time exposure tricks our brain into thinking it’s daytime. By keeping your brain alert and suppressing melatonin, your mind is unable to shut down and relax before bedtime.

      Eating close to bedtime

      Eating too late can actually be an issue for many people, especially those who are older than 40. The reason is, eating before laying down increases the chances of Gastroesophageal reflux disease (GERD), in which stomach acid backflows into the esophagus.

      Another reason not to eat too late is sleep quality. Even if you manage to sleep right after eating, it’s likely that you’ll wake up tired. Instead of letting your body rest during sleep, it has to digest the food that was entered before bedtime.

      Rule of thumb: eat 3-4 hours before bedtime.

      Advertising

      Medical conditions

      In some cases, it could be medical conditions that cause your sleep problems. If you can’t relate yourself to the above reasons or any of these common sleep problem causes, you should visit the doctor.

      The vicious sleep cycle

      The biggest danger to repeating the bad habits mentioned above is the negative cycle that it can take you through. A bad night’s sleep can affect not only your energy but your willpower and decision making skills.

      Here’s an example of a bad sleep pattern:

      You get a bad night’s sleep
      –> You feel tired and stressful throughout the day.
      –> You compensate it with unhealthy habits (for example junk food, skipping exercises, watching Netflix etc.)
      –> You can’t sleep well (again) the next night.

        You can imagine what could happen if this cycle repeats over a longer period of time.

        Advertising

        How to sleep better (throughout the night)

        To help you break the vicious cycle and stop waking up in the middle of the night, I’ll explain to you a list of actionable steps to solve your trouble staying asleep.

        1. Take control over the last 90 minutes of your night

        What you do (or don’t do) before bedtime have significant impact on the quality of your sleep. Many times, it can be the difference between staying up until 4am and sleeping like a baby.

        Here are a few suggestions:

        • Go from light to dark – Darkness stimulates production of the sleep hormone melatonin. Turn off unused light around the house, and think about investing into warm light that you can use in the bedroom before bedtime.
        • Avoid screens (or wear blue light blocking glasses) – Keep the bedroom a technology-free zone as the light from electronic devices can disturb your sleep. If you need to work, wear blue light blocking glasses (also known as computer glasses) throughout or before you sleep to prevent sleep disruption.
        • Find an activity that helps you to wind down  This could be anything that calms you down, and reduces thinking (especially unnecessary stress). Fir example, listening to soothing/good feel music, taking a hot bath, reading or meditating.
        • Keep any electronics you have on the other side of the room or outside the room – One of the most harmful things that can disrupt your sleep is the notifications you get from your smartphones. The simplest way to avoid this is to keep it away from you.
        • Create a bedtime routine – A night routine is a couple of things you do prior to going to bed. By doing these things every night, you’ll have a more restful and high-quality sleep. Learn how to pick up a night routine here: The Ultimate Night Routine Guide to Sleep Better and Wake Up Productive

        2. Eat the right nutrients (and avoid the wrong ones)

        What you eat (not just when we eat) plays a critical role in your sleep quality. If you’re ever in doubt of what to eat to improve your sleep, take the following into consideration:

        • Kiwi – This green fruit may be the ultimate pre-bed snack. When volunteers ate two kiwis an hour before hitting the hay, they slept almost a full extra hour. Kiwis are full of vitamins C and E, serotonin and folate—all of which may help you snooze.
        • Soy foods – Foods made with soy such as tofu, miso and edamame, are rich in isoflavones. These compounds increase the production of serotonin, a brain chemical that influences the body’s sleep-wake cycle.
        • Fiber-rich foods – Eating more fiber could be key for better sleep. Eating fiber was associated with more restorative slow-wave sleep—the more you eat, the better you sleep—per a study published in the Journal of Clinical Sleep Medicine. Fiber prevents blood sugar surges that may lower melatonin. Get a fiber boost from beans, artichokes, bran cereal and quinoa.
        • Salmon – Most fish, especially salmon, halibut and tuna boost vitamin B6, which is needed to make melatonin— a sleep-inducing hormone triggered by darkness.

        3. Adjust your sleep temperature

        Once you’ve gone through the first 2 recommendations, the last step to experiment with is temperature. According to Sleep.org, the ideal temperature for sleep is 60-67 Farenheit. This may be cooler than what most people are used to, but keep in mind that our body temperature changes once we fall asleep.

        Rule of thumb: sleeping in cooler temperature is better for sleep quality than warmer temperature.

        Advertising

        Find out how to maintain the optimal temperature to sleep better here: How to Sleep Faster with the Best Temperature

        Sleep better form now on

        Congrats on making it to the end of this guide on sleep. If you’re serious about taking the necessary steps in improving your sleep, remember to take it one step at a time.

        I recommend trying just one of the steps mentioned such as taking a hot bath, blocking out blue light at night, or sleeping in cooler temperature. From there, see how it impacts your sleep quality and you can keep doing what works, and throw away what doesn’t.

        As long as you follow these steps cautiously and diligently, I know you’ll see improved results in your sleep!

        Featured photo credit: pixabay via pixabay.com

        Reference

        Read Next