Travel is about discovery. A world of adventure—and meaningful connections that allow you to experience surroundings in new ways—is appealing to many. In a survey conducted before the COVID-19 pandemic, baby boomers said they expected to take between three and four domestic trips and one or two abroad in 2020. 1
But in these unprecedented times, most of the world is staying home. That’s especially frustrating for anyone who has been planning, saving and dreaming about the perfect getaway. If you have travel already scheduled, your first step should be to determine what your options are for rescheduling your trip or getting any money back.
Still, the times we live in offer new opportunities. You can grow your travel funds by continuing to save and invest. And to fill the void while you’re at home, take advantage of digital experiences that can allow you to make deep connections with people, art, music and food from around the globe.
Determine your options for current plans
What happens if you already have a trip booked that can no longer happen?
Start by reaching out to your travel provider to figure out your options. That means contacting the specific airline, your travel agent, or a third-party booking agency.
Each will likely have different policies about things like refunds, elimination of cancellation fees or flight credits for future use. Because the pandemic remains a fluid situation, you should contact your travel provider sooner rather than later.
If you’re considering future travel, you may be able to find great deals right now on flights all over the world. However, keep in mind that every region of the globe may be recovering at a different speed, so make sure you build flexibility into any new trips you book—this may also be a good time to consider travel insurance.