Holidaymakers could save hundreds of pounds with hotel rebooking

Holidaymakers have been urged to save some extra cash with a hotel rebooking trick. The latest MoneySavingExpert advice highlighted that hotels have a tendency to drop their prices and it's always worth double checking if this is the case. In many cases, travellers can cancel their bookings from around 24 to 48 hours before their stay is due to start.

If this is the case, then customers could cancel their hotel booking without paying any charges and can then simply rebook at a cheaper price if one is available. However, those wanting to try this trick have been warned to keep a close eye on the details as some booking sites provide non-refundable bookings which could result in you accidentally losing more cash.

Meanwhile, hotel booking sites may also have a cancellation fee policy in place. While this may mitigate the amount of savings made, customers are still urged to see if the rebook would still be cheaper even with the cancellation fee factored in.

In order to see if you could benefit from the trick, you will need to pay a close eye to the terms and conditions of your booking. It will help clarify your rights in regard to cancelling any bookings before you commit to it.

If the terms and conditions don't say there is a free cancellation for your room, you should go the extra mile and call the hotel up to make sure. Travellers have also been warned to keep an eye on currency exchange rates if they are paying for the hotel through a different currency.

While on the surface you may be getting a refund, you could actually get less if conversion rates take place throughout the transaction. You should also consider the amount of time a refund from your original booking will take to land in your account as you will need to