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Travel for less by snapping up a stranger’s vacation – but flexibility is key. A new trend is emerging in the travel industry that pairs eager travellers with those who have had to cancel their non-refundable trips, opening the door for discounted flights, accommodations, and vacation packages. However, this method of travel booking requires a level of adaptability and spontaneity from buyers.
Second-hand Travel Bookings: A New Trend
For Canadians looking for travel deals, the opportunity to purchase second-hand bookings has never been better. Several platforms now specialize in connecting sellers who have had to cancel non-refundable trips with buyers looking for a bargain and willing to make last-minute reservations. Described as a “virtual garage sale for travel” by Katy Nastro, a spokeswoman for flight savings app Going, these platforms offer a unique opportunity for both buyers and sellers.
Savings and Opportunities
For sellers, these platforms provide a chance to recoup a significant portion of the cost of a trip they can no longer take. For buyers, they offer the possibility of cheaper travel and accommodation, making higher-end options more affordable or simply making a getaway possible. The savings for buyers typically range between 20 and 30 per cent, but can be much higher for last-minute reservations.
Platforms for Second-hand Bookings
Various platforms such as Transfer Travel, SpareFare, Plans Change, and Roomer offer these services, typically charging sellers commissions between 10 and 30 per cent. These platforms have a verification process in place to ensure the authenticity of the bookings, offering buyers some level of security. The seller is only paid once the ticket transfer is complete, with the money held for up to five days.
Understanding the Limitations
While this new method of booking travel offers potential savings, it also has its limitations. Most large airlines in North America prohibit ticket transfers, and loyalty points are not honoured or accumulated via these third-party booking sites. The options for bookings can also be seemingly random and sparse, potentially making it less appealing for those seeking specific dates or destinations. Bookings for more than two people are also rare.
Target Demographics
Despite its limitations, this service is gaining traction among certain demographics. Young people, retirees, and digital nomads, who have the flexibility to travel at short notice, form the core of these platforms’ customer base. More recently, DINKs (double income, no kids) are also exploring this new way to book travel.
User Responsibility
While these platforms offer verification, users are also advised to do their own research, such as checking the reputation of short-term rentals or whether a carrier permits ticket transfers. Security and fraud are concerns with any second-hand purchases, and it’s recommended that users confirm the site verifies listings and holds funds in escrow.
Conclusion
Despite the challenges and limitations, these platforms present a unique opportunity for travellers looking for a bargain. With the rising cost of holidays, these platforms offer an alternative way to make travel accessible. However, flexibility is key when using these services.
