Discount travel – do you need the frills?

Everyone wants to see the world, but few people have got the money to go everywhere they’d like to. What’s the solution? Do it on the cheap! Discount travel is an industry that is rapidly growing: it seems like every few years some entrepreneur comes up with another new way to get to nice places and stay there without hurting your bank balance.

The most important advance in discount travel has probably been the widespread availability of cheap flights, from companies like America’s Southwest Airlines and Europe’s Easyjet and Ryanair. They use a so-called ‘yield management’ system that allows prices to vary wildly depending on when you book your flight – meaning that if you book far in advance, you can fly for pennies.

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