This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Cheap Vacations For Expensive Times

WASHINGTON ( TheStreet) -- Gas is up to $4 a gallon and airfares are up 6% to 11% or more. Who's ready for summer travel?

Despite the rising cost of taking a trip, American Express' (AXP - Get Report) Spending and Saving Tracker found that 59% of Americans plan on traveling this summer. How they plan on doing so varies dramatically, as 38% of consumers are continuing their post-recession frugality and saving up for their vacation. As roughly 25% say they'll try saving on other portions of their trip to offset plane tickets or prices at the pump, Travelocity senior editor Genevieve Shaw Brown recommends travelers shave off some costs by giving greater consideration to where they sleep.

"Airfare is more expensive than last summer, so look to the hotel to offset rising costs," she says. "Added-value offers, like free room nights, free room upgrades and resort credits, all help to offset other higher costs while giving consumers more vacation for less money."

There will be even more compromise this summer. American Express says nearly 60% of the general population will be making tradeoffs to cut vacation spending. Roughly 15% will use hotel, airline and credit card rewards points, and 68% will be cutting vacations down to a series of weekend getaways.

Some travelers are getting creative with airfare; a TripAdvisor air travel survey found that 43% of travelers booked a connecting flight to stay within budget. At least they're still flying. According to, American (AMR), United (UAL - Get Report), Continental, Delta (DAL - Get Report), U.S. Airways (LCC) and the discount carriers have tried 12 broad fare hikes in the past four months, with seven actually sticking. As a result, TripAdvisor says 33% of travelers are planning to drive to one or more of their destinations when they would have flown.

"As we've seen when times are hard or in other years when gas prices skyrocket, people do all kinds of different of things to say money," says Anne Banas, editor of SmarterTravel. "Some people shorten their radius and travel a shorter distance, but some people shorten the length of their trip and instead of going for a week or two, they just stay for five days."

Such sacrifices are noble, but unnecessary if your destination is affordable enough. TheStreet did some summer vacation scrounging and came up with 10 destinations that won't break budget-conscious travelers:
1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LCC $0.00 0.00%
AXP $64.85 -1.26%
DAL $42.92 1.78%
DIS $103.78 -0.56%
JBLU $19.93 0.45%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs