While booking a hotel room in advance can get you a great deal, you could save more by checking back at the available rates closer to the date of your vacation. Sometimes, you can get a discount of up to 30% by re-booking. Simply cancel your original reservation and book the new, cheaper room.
Double check the hotel's policy on cancellation fees first, and remember, if you booked through a third-party site such as Expedia or Orbitz, you will most likely incur heavy fees for canceling.
The best way to do this is by making sure the hotel doesn't charge a fee for canceling before you re-book. A recent article by Forbes explained, "Be sure you’re aware of the cancellation policy. Often times the lowest available rate at the time of your original booking is non-cancellable. In other cases, you may need to cancel a minimum of 24 or 72 hours in advance to avoid being charged for the first night.
Also note that this strategy doesn’t always work. In popular places or at peak travel times, there may not be any rooms left at the last minute. That’s why you should always make a primary reservation early in the planning process."
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