[News Terms] Cost-effective Travel 'Savecation'

Travelers Seeking Budget Destinations Instead of Luxury Hotel Vacations

'Savecation' is a term combining Save and Vacation, reflecting a tendency among international travelers to enjoy trips at relatively affordable prices.

The hotel industry explains that bold spending trends such as luxury hotel stays, which were popular during the spread of COVID-19, have recently shifted towards enjoying trips with well-organized plans, bringing 'Savecation' into the spotlight.

Incheon International Airport Corporation [Image source=Yonhap News]

According to data analyzed by the hotel booking site HotelsCombined on overseas hotel and flight searches from April 1 to June 1 this year, the search volume for 3-star hotels has significantly increased this year, accounting for the largest share. While 4- and 5-star hotels had higher search volumes last year, the proportion of searches for 3-star hotels increased by about 28% compared to the previous year, making it the highest share this year.

In line with this trend, airlines are quickly launching special low-cost travel deals. T'way Air released one-way flights from Cheongju to Bangkok for 116,000 KRW and from Cheongju to Osaka for 66,000 KRW on the 31st of last month. Eastar Jet and Jeju Air are running special domestic flight promotions for the Gimpo-Jeju route until the 30th. Including fuel surcharges and airport taxes, one-way tickets are discounted to a total of 23,900 KRW and 25,900 KRW per person, respectively.

This content was produced with the assistance of AI translation services.