Save Big on Summer Holidays with Martin Lewis’ Clever Rebooking Trick
Heading to Spain or Greece this summer? You could slash your holiday costs with a simple money-saving hack from finance guru Martin Lewis. His tip? Keep an eye on hotel and car hire prices after you book, and snap up cheaper rates by cancelling and rebooking if prices drop.
‘Cancel and Rebook’ Strategy Pays Off for Savvy Travellers
Martin Lewis, famed for his savvy money advice, explained: “Is your hotel or car hire cheaper now than when you booked? If so, and you’ve got free cancellation, keep checking prices. If it dips, rebook and then cancel the pricier one.”
This technique isn’t just theory. One Money Saving Expert reader shared a winning story: booked a US car rental for £1,024 in January, then cancelled and rebooked in May for less after spotting a price drop — getting their deposit back too. “Booking early doesn’t always mean you get the best deal,” they said.
Social Media Fans Praise Price-Drop Tactic
Twitter user Chris saved nearly £350 by rebooking a London hotel. He said, “I booked nearly £600 for two days back in January. Checked again recently, price dropped to around £250, so I cancelled and rebooked.” That’s one smart way to keep cash in your pocket.
Haggle Hard to Cut Costs Even More
Other readers revealed that a bit of old-school bargaining can bring huge savings. One traveller shared how three quotes for a Southeast Asia trip ranged from £4,500 down to £2,200 per person after shopping around. Another family slashed a Florida holiday from £6,000 to just over £2,000 through aggressive negotiation.
Final Tip: Stay Alert and Keep Checking
Whether you’re jetting off to Spanish beaches or Greek islands, don’t settle for your first booking. Use free cancellation to your advantage, monitor prices regularly, and don’t be afraid to haggle. You could bag yourself a cracker of a deal—and enjoy your holiday with more money left for cocktails!
