3 Tips That Can Cut Your Travel Costs in Half

Travel costs are higher than ever right now, but that doesn't mean you have to sacrifice the vacation you want. By following some simple steps, you can find ways to save on travel, and bring your dream vacation into reach.

In the following video, Motley Fool investment planning editor Lauren Kuczala talks with longtime Fool contributor and financial planner Dan Caplinger about how to save on your next trip. Dan notes that the travel industry has grown reliant on income from fuel surcharges, baggage fees, resort tack-ons, and other ancillary revenue. But by doing research before you buy, Dan shows how you can cut costs on airfare, car rentals, and lodging costs.

One company that's trying to benefit from a recovery in travel is MGM Resorts. When Las Vegas hit a rough patch during the Great Recession, MGM has since turned its attention to a new resort on Macau's Cotai Strip that may relieve the company from crushing debt. For expert analysis on whether this former high-flying stock can regain its form on the back of a growing presence in Asia, you're invited to check out The Motley Fool's new premium report on MGM Resorts. Simply click here now to claim your copy today.

Editor's note: The volume levels in some segments of the video are low. We apologize for the inconvenience.

The article 3 Tips That Can Cut Your Travel Costs in Half originally appeared on Fool.com.

Fool contributor Dan Caplinger has no position in any stocks mentioned. Lauren Kuczala has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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