{"id":54760,"date":"2023-08-30T07:13:44","date_gmt":"2023-08-30T11:13:44","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/3-ways-to-cut-costs-on-a-trip-to-europe\/"},"modified":"2023-08-30T07:13:46","modified_gmt":"2023-08-30T11:13:46","slug":"3-ways-to-cut-costs-on-a-trip-to-europe","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=54760","title":{"rendered":"3 ways to cut costs on a trip to Europe"},"content":{"rendered":"
\n

This <\/em>article<\/em> is reprinted by permission from <\/em>NerdWallet<\/em>.\u00a0<\/em><\/p>\n

European travel is \u2014 by some metrics \u2014 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\u2019s International Trade Administration, or ITA, data.<\/p>\n

\n

While bigger crowds generally mean higher prices, there\u2019s 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.<\/p>\n

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.<\/p>\n

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

1. Save money by looking to second cities<\/strong><\/h2>\n

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.<\/p>\n

As far as European second cities (or third or fourth cities) go, you might enjoy Austria\u2019s second-largest city by population, Graz, which is about a 2 \u00bd-hour train ride from Vienna. Between the Graz Truffle Festival and the abundance of places to enjoy Backhendl (Austrian fried chicken), it\u2019s a foodie paradise. And with sites like the Eggenberg Palace and the world\u2019s largest historical armory, it\u2019s a must-visit for history buffs.<\/p>\n

<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

In France, you might skip Paris for the country\u2019s 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.<\/p>\n

Be sure to read: <\/strong>Airbnb mega-hosts: How large management companies can affect your travel experience<\/p>\n

2. Stretch your budget by being flexible with travel dates<\/strong><\/h2>\n

Shoulder season\u00a0is the period between the peak season and the offseason. It often has lighter crowds (and typically lower prices) than peak season. Plus, there\u2019s generally cooler weather and more local things to do.<\/p>\n

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.<\/p>\n

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 \u2014 and potentially the best months to travel to Europe.<\/p>\n

But even if you can\u2019t 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
\n GOOGL,
\n +2.72%<\/bg-quote>
\n Flights and Hopper offer date grids that show you the cheapest airfare in the period surrounding your intended travel date.<\/p>\n

Also see:<\/strong> Why the American Express Platinum Card fee hike may really be about airport-lounge overcrowding<\/p>\n

3. Get compensated if your travel is delayed<\/strong><\/h2>\n

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.<\/p>\n

If your European flight is delayed, you may be entitled to compensation. An EU regulation called\u00a0EU261\u00a0forces 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.<\/p>\n

Read<\/strong>: Is your international layover long enough? There\u2019s plenty that could go wrong.<\/p>\n

As long as the flight wasn\u2019t disrupted due to circumstances that are beyond human control \u2014 such as weather \u2014 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.<\/p>\n

The regulation is controversial, and some experts say the regulation hasn\u2019t done anything to actually mitigate flight disruptions.<\/p>\n

\u201cPenalizing 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,\u201d read a June 2023 statement from airline lobbying group the International Air Transport Association.<\/p>\n

Read next:<\/strong> Try a little psychology to save on your next plane ticket<\/p>\n

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.<\/p>\n

More From NerdWallet<\/strong><\/p>\n

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This article is reprinted by permission from NerdWallet.\u00a0 European travel is \u2014 by some metrics \u2014 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 […]<\/p>\n","protected":false},"author":1,"featured_media":54761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-54760","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"\n3 ways to cut costs on a trip to Europe | iFintechWorld<\/title>\n<meta name=\"description\" content=\"This article is reprinted by permission from NerdWallet.\u00a0 European travel is \u2014 by some metrics \u2014 bigger this year than it was pre-pandemic. 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