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Travel Tuesday Deals Arrive: Experts Warn of Hidden Costs
URGENT UPDATE: Travel Tuesday is here, with major airlines, hotels, and travel platforms launching enticing one-day deals today, November 28, 2023. As consumers flock online in hopes of scoring significant savings, travel experts warn of potential pitfalls that could lead to costly mistakes.
Authorities confirm that while legitimate discounts are available, many consumers may be misled by marketing tactics designed to create a false sense of urgency. “People see ‘40 percent off’ and assume it’s a once-in-a-lifetime steal, without recognizing that the underlying price may have been inflated,” cautioned Sally French, a travel expert at NerdWallet.
With the holiday season fast approaching, savvy travelers are advised to conduct thorough research before making any impulsive bookings. Experts recommend checking for fine print details, including blackout dates and nonrefundable fares, that could negate advertised savings. “It’s crucial to compare prices and ensure the trip aligns with your genuine interests, not just the countdown timer pressure,” French added.
Travel Tuesday originally emerged as a response to historical pricing data that highlighted a surge in travel bookings on the Tuesday following Cyber Monday. In fact, a recent analysis by Hopper revealed that nearly three times as many trips were planned on Travel Tuesday last year compared to Black Friday. The event has rapidly gained traction, with more travel brands joining the promotional frenzy each year.
According to a report by McKinsey & Company, bookings for hotels, cruises, and flights increased significantly on Travel Tuesday 2023 compared to the weeks before and after the event. The rise in consumer interest is poised to continue, particularly in the U.S. and Canada. “European travel companies should prepare for an expansion of Travel Tuesday, similar to what we’ve seen with Black Friday and Cyber Monday,” the report emphasized.
Despite the potential for great deals, experts warn that consumers should be vigilant against upselling tactics. “Some companies may offer extra points or bundled amenities instead of lowering prices,” French explained. By staying informed and prepared, travelers can better identify true bargains amidst the noise of promotional offers.
Vivek Pandya, lead insights analyst for Adobe Analytics, highlighted that consumers now have unparalleled tools to evaluate deals, including social media influencers and generative AI platforms. “This new dynamic allows consumers to navigate a more complex landscape of deals than ever before,” Pandya stated.
As Travel Tuesday unfolds, shoppers are reminded that the holiday season is not the only time for significant discounts. “If you miss out on Travel Tuesday, don’t worry; there will be many more opportunities to save,” French concluded.
With the clock ticking on these deals, consumers are urged to act quickly, but wisely. Doing your homework could mean the difference between an authentic bargain and an overpriced impulse buy.
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