There is no denying that the credit crunch has made an enormous impact on the travel market over the last two or three years. Many airlines and holiday booking companies have reported losses or decreased profit margins within this period of recession as many people have found themselves in precarious financial situations and have tried to restrict their personal spending. As something that for most people is still considered a luxury, as opposed to a necessity, the annual summer holiday is often the first thing to be cut from the yearly budget. For those that are reluctant to abandon their annual escape to the sun entirely, there are a range of budget holiday booking methods to employ and a variety of options to consider.

1. The internet is a wonderful resource for finding bargain breaks and inexpensive travel treats. Those searching for cheap flights will be pleased to learn of sites such as Monarch and Sky Scanner. Look to Monarch for reasonable flights to a delectable selection of tempting cheap holidays; they feature many flight sales throughout the year. The latter allows you to scan the price of flights to a particular destination throughout the course of a month, if your dates are flexible, or to see which destinations are currently offering the best value for money.

2. If you are travelling with a family, transport costs – air fares, ferry crossings, train tickets – often take up the bulk of the holiday budget. One way to cut down on trajectory expenses is simply not to travel quite so far. Domestic holidays are back in vogue and the UK has a host of delightful locations to offer its home-from-home travelers.

3. Be flexible and be prepared to think outside the box. Your usual holiday haunts may no longer be within your financial reach but there are sure to be a range of affordable alternatives available on the travel market if you are willing to consider a change of scenery or a different type of break. Keep your eyes and ears open, see what your local travel agent has to say and ask your friends and family for recommendations. You might even discover a perennial favourite.

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