The travel, hospitality, and rental industries are gigantic. There is a ton of money to be made and spent on travel. It’s one of the things people want the most. People want to satisfy their wanderlust. They want to feel alive. They want to see the world on their own terms. They want experience. They want food and culture. They want it all. Don’t we all?
The modern world tells us to want certain things, but there are so many people out there who don’t value material things but experiences. With so many people out there who want to travel, new services, businesses, and corporate benefits have sprung up in response. Whether you want to start a business catering to travels or have the itch to see the world, below is a guide to benefitting on travel.
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Stay Loyal to a Brand
One way that you can benefit on your travels is to stay loyal to a specific company or brand. The more you spend with the same entity, the more you will get back. Brand loyalty is a big thing in travel. Whether you are using a third-party booking site or stay loyal to a specific hotel chain, you will gain status and rewards by booking consistently. If you find a hotel, airline, or service that you like, stick with them. Join their rewards program. Make sure you are signed in when you book something. After a few bookings, you will begin to see the benefits of staying loyal to a travel brand, hotel chain, or airline.
Write, Blog, or Vlog About Your Experiences
Travel writing is a popular niche. If you’re into travel, you likely want the opinions of real people who have been to the destination you are interested in. You might want to know about a hotel, what to do in a particular place, or what to skip entirely. So often the sanitized ad copy of corporations won’t provide the insight that you are looking for.
So, if you’re starting to travel more and feel the yearn to document your travels, there is a lot to be gained from it. Not only will you record your memories, but you might also monetize your blogging. You could become a full-fledged travel writer. People make a lot of money on YouTube. Whatever you are inspired to make, writing, blogging, taking photos, and making videos about your travel experiences can really benefit you. It’s both fulfilling and lucrative.
Rent Out Your Place or Another Property
Another way to make good money and open the possibility of traveling more is to use your property. When you are on your own travels, you could rent out your place to other travelers. If you have multiple properties, you can rent one of them out to travelers around the year. Buying property is a good investment if you know what you are doing, but you don’t need to sell the place yet to make money on it. Renting out an apartment or house in a good travel location can be quite lucrative. Vacation rental property management can be a full-time job if you allow it to be. If you want travel to be your life, starting a rental vacation business is a great way to make money and make your life conducive to your own travels.
Get Reimbursed for Business Travel
When you are traveling for business, you naturally incur a lot of expenses you wouldn’t deal with if you were home. One thing you should be sure to do when you are traveling for work is to ask for reimbursement. Even the little things add up. That’s why an approval process helps. You might like traveling for work. It provides a getaway. You can see a new place or visit one you’ve been to and know the ropes of. Depending on your job, getting some money back on your business expenses will make you excited to travel and willing to do it for work.
With travel being such a large business, there are plenty of ways to both lose money and make money on it. If you want to do both, there are a lot of things you can do. Travel is expensive, no matter who you are. When you put in the work to make your travels as reasonable as possible, you will be able to go to more places and experience more things without breaking the bank or negatively impacting your life.
About Carson Derrow
