Pay Now, Travel Later, Save A Bundle

When Jeffrey Grover planned a week-long trip to San Diego for his family last month, the Atlanta research scientist bagged a neat 54% savings on room rates at a Marriott Hotel. But there was a catch: Reservations had to be paid 21 days in advance and were nonrefundable. "Usually when I take a vacation, work demands come up that make me push it back a day or two," says Grover. "But not this time. With the nonrefundable hotel, I knew I had to stick to my plans."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.