#Brexit aftermath: Book your hotels in England now to save big – but you need to book correctly!
With the Brexit now a real thing (and I can’t believe that it is) a silver lining is that if you are booking a hotel in the UK anytime soon, you just got a more than 10% discount compared to yesterday. Right now, the Pound is trading around $1.36 (down from $1.47 24 hours ago!!).
The future of the Pound and the exchange rate is very uncertain now, and to be sure, it could drop further in the days ahead. But it may also strengthen.
So the best case scenario for you if you are booking a hotel?
A hedge whereby you can only win!
If you want to lock in a hotel room at today’s exchange, you’ll need to be sure you are pre-paying the rate AND that it is cancellable.
In the example below, I’ve found a room on Hotels.com for a night in London at the Radisson Blue Edwardian.
Notice that this hotel has the option to pay now in USD or later in GBP. While I know that they will probably take 3% converting the GBP to USD, I’m saving at least 7% over yesterday and I’m locking it in. So I’m choosing the option on the left where it says “Pay online now.” Now I can’t stress enough, you MUST make sure you are booking a room you can cancel. If it says Non-cancellable or Non-refundable it will NOT work for this purpose.
Let’s say that the pound gains 10% back over the next month. Well, then I saved ANOTHER 10% by locking it in now!
But what if the USD strengthens another 10%? Then I just cancel and book a new room at the lower price!