Four Underrated Cities To Visit In Spring 2024

BY  Shahnawaz Mar 1, 2024

In today's world, where wanderlust meets savvy investment strategies, there's a growing trend among travelers and investors alike: vacation properties. This unique approach not only satisfies the urge to explore new destinations but also presents a prudent financial investment through the acquisition of real estate. Here's how blending the love for travel with the intricacies of mortgages can create a rewarding venture. Why Consider Vacation Properties? Vacation properties serve dual purposes; they are a getaway retreat for you and your family and a potential source of income through rental. In picturesque locales, from the sandy beaches of Bali to the quaint villages of Tuscany, these properties beckon with the promise of adventure and the allure of financial returns. Investing in a vacation property has a lot of benefits. The first thing is, as mentioned above, it is an amazing source of passive income. When you rent out the property, you get back substantial returns, especially during the peak seasons. Moreover, vacation rentals have higher rental rates as compared to long-term rentals, which gives you more revenue. Along with the financial benefits, when you own a vacation rental property, you get to spend a lot of time enjoying your personal vacations as well. You can spend a lot of time on your own property when the place is vacant. You get to enjoy all the amenities you have set for others.it is a perfect relationship between investment and vacation home. Understanding the Mortgage Process for Vacation Homes Investing in a vacation property often involves navigating the mortgage landscape, which can be daunting for both seasoned investors and first-time buyers. The process entails several unique considerations: Interest Rates and Terms: Mortgage loans for vacation homes may come with different interest rates and terms compared to primary residences. Lenders often view these properties as higher risk, which can influence the loan conditions. Down Payment Requirements: Typically, vacation homes require a larger down payment, sometimes as much as 20-30% of the purchase price, reflecting their status as luxury or non-essential purchases. Rental Income Consideration: If you plan to rent out your vacation home, lenders might take potential rental income into account, which can aid in qualifying for a mortgage. However, this requires thorough documentation and, sometimes, previous landlord experience. The Joy of Travel and the Wisdom of Investment Owning a vacation property allows you to immerse yourself in your favorite destinations. Whether it's a ski lodge in the Rockies or a beachfront villa in the Caribbean, these homes offer a personal escape with the warmth and comfort of your own space. Beyond personal enjoyment, these properties can be rented out to vacationers, providing a steady income stream that can offset mortgage payments and maintenance costs. Navigating Challenges and Rewards The journey of buying and owning a vacation property is not without its challenges. From managing the property remotely to understanding local real estate laws, it requires diligence and research. Yet, the rewards can be substantial. Not only do you enjoy personal retreats in beloved locales, but you also stand to gain from property appreciation and rental income. A Call to Adventure and Investment As we navigate our world, the concept of investing in vacation properties presents a compelling blend of adventure and financial prudence. It embodies a spirit of exploration, not just in the sense of travel but in the realm of financial growth and stability. For those bitten by the travel bug and those seeking to expand their investment portfolio, vacation homes offer a horizon worth exploring. Factors you should consider while choosing the location of the property Picking the correct location for your vacation rental property is essential. Here are some of the crucial factors that you should consider: Factors you should consider while choosing the location of the property Picking the correct location for your vacation rental property is important. Here are some of the important factors that you should consider: Local attractions and tourism demand How successful your vacation rental property is going to be depends on the demand of the place. Before you invest, check for the popularity of the place among travelers. Identify the local attractions that are drawing the visitors to itself. Consider the things that are making the place popular. Whether it is their cultural heritage, its natural beauty, or how close the place is to the popular destinations. Properties that are close to tourist spots or close to vacation destinations have a tendency to attract more renters. You can choose coastal destinations, urban hotspots, ski resorts, historical and cultural sites, and some emerging destinations. Along with the well-established vacation sports, the emerging destinations are a good investment.  Look for places that are rapidly developing; they have high potential for getting you a high rental return. Rental and seasonality demand Having a good understanding of the tourist season in the place is important. Research about the holidays, special events, and the peak tourist seasons that will take the rental demand to the next level. If the location is such, which has a year-round demand, it is going to get you a consistent source of income. But if the property is in a seasonal location, then you might get fluctuations in the rental bookings. Regulatory environment Before you get a vacation rental property, it is important to know the regulatory environment of the location. Some countries and cities have specific rules and regulations regarding short-term rentals. Get yourself familiar with the restrictions and local laws to make sure you abide by all the regulations. Try not to ignore the legal aspects, as that could land you with a penalty or even cause your rental business to close. Amenities and infrastructure Think about the accessibility and proximity of the essential infrastructure as well as the amenities. Choose an area that has good transportation links, restaurants, shopping centers, and entertainment options. Guests always prefer properties that are convenient and have easy access to the services and local attractions.  Final Thoughts Before embarking on this journey, it's crucial to conduct thorough research, consult with real estate and financial professionals, and consider all aspects of the investment, including the potential need for a mortgage. With the right preparation and mindset, owning a vacation property can be an enriching experience that combines the joys of travel with the benefits of real estate investment. ADDITIONAL READING: A Guide To Planning Your First Family Ski Trip The Ultimate Business Traveler’s Guide To Bangkok From Britain To Australia: A Guide For Brits Making The Move Down Under

BY  Ankita Mar 19, 2024

The current globalized business landscape is different from the previous one. Corporate travel is prioritized in organizations more than anything else. Whether it is for meetings, conferences, or business development opportunities, companies are constantly sending their employees across the world to build connections and expand their businesses. However, managing corporate travel can be a challenging and complex task. Thankfully, there are several tools available that can streamline the process and make business travel more efficient and hassle-free.In addition to streamlining the corporate travel process, these tools also play a crucial role in cost management and policy compliance. By providing real-time data and analytics, businesses can track their travel expenses, identify cost-saving opportunities, and ensure compliance with travel policies. These tools allow companies to set budgets, monitor spending, and enforce travel policy guidelines, ultimately resulting in better control over travel expenditures. In this blog, you will explore the essential corporate travel tool that every business needs. 1. Travel Management Platforms A travel management platform is an all-in-one corporate travel tool that allows businesses to manage their corporate travel program. Such a corporate travel agency provides a centralized platform to book flights, hotels, ground transportation, and other travel-related services. With real-time travel data and analytics, businesses can make informed decisions and optimize travel costs. Further, they can also ensure the safety and well-being of their employees on the road. 2. Booking Platforms Booking platforms are an essential corporate travel tool for securing flights, hotels, and other travel arrangements. Such a corporate travel agency allows businesses to compare prices, book tickets, and manage itineraries all in one place. They often offer exclusive rates and discounts for corporate travelers, saving companies both time and money. A corporate booking platform offers a wide array of travel booking options along with collaborative spaces and top-rated housing. 3. Mobile Apps Mobile apps are a game-changing corporate travel tool. With the rise of smartphones, it has become increasingly important to have access to travel information on the go. Mobile apps allow travelers to check flight status, manage bookings, receive real-time notifications, and access important travel documents easily. They provide a seamless travel experience and help employees stay connected and productive while on the road. User-friendly mobile apps make it easier for people coming from all walks of life to travel a seamless journey. 4. Travel Risk Management Tools Ensuring the safety and well-being of employees is a top priority for any business during corporate travel. Travel risk management tools provide crucial information and assistance in case of emergencies or unforeseen events. These tools help businesses track the location of their employees, provide real-time travel advisories, and offer assistance for medical emergencies or security threats. 5. Expense Management Tools Expense management is a crucial aspect of corporate travel, and managing receipts and expense reports can be a tedious task. Corporate travel tools simplify this process by allowing employees to capture and submit expenses easily and automate the reimbursement process. These tools ensure compliance with travel policies and allow for better control over travel expenses. Other popular features included in expense management tools are invoice scanning, accounting software integration, and automated expense reports. 6. Collaboration And Communication Tools Effective communication and collaboration are essential for successful corporate travel. Collaboration tools help teams stay connected, share files, and collaborate on projects even when they are on the road. Communication tools enable employees to stay connected with their teams and keep in touch with clients and partners, irrespective of location or time zone. Corporate communication tools offer industries a comprehensive platform that helps in planning travel efficiently. 7. Travel Insurance Travel insurance is often an overlooked aspect of corporate travel, but it is crucial for providing financial protection and peace of mind. Travel insurance policies cover medical emergencies, trip cancellations, flight delays, lost baggage, and other unforeseen events. Having comprehensive travel insurance ensures that employees are well taken care of in case of any unexpected incidents during their travels. 8. Travel Itinerary Management Tools Managing travel itineraries can be challenging, especially when employees have multiple trips and complex schedules. Travel itinerary management tools help businesses organize and manage travel itineraries for their employees. These tools allow companies to create, share, and update itineraries, including flights, hotels, meetings, and other activities, in one centralized platform. This ensures that employees have all the necessary information at their fingertips, making their travel experience smoother and more organized. 9. Travel Expense Tracking Tools Tracking and managing travel expenses is a crucial corporate travel tool for businesses to control costs and ensure compliance with travel policies. Travel expense tracking tools help companies monitor and analyze travel expenses in real-time. These tools automate the expense tracking process, enabling employees to capture expenses on the go and categorize them according to travel policies. This not only saves time but also helps businesses identify cost-saving opportunities and improve expense control. 10. Travel Loyalty Programs Travel loyalty programs can benefit both businesses and employees. By enrolling in airline and hotel loyalty programs, businesses can earn points, receive exclusive discounts, and access premium services. Employees can also enjoy personal benefits like room upgrades and priority boarding. Travel loyalty programs help businesses save money on travel expenses and enhance employee satisfaction. Popular travel loyalty programs include airline programs like United MileagePlus and hotel programs like Marriott Bonvoy. Businesses need to encourage employees to enroll in these programs and utilize the benefits offered. Final Thoughts Corporate travel can be made more efficient and organized with the help of these essential travel tools and services. From travel management platforms to collaboration tools, expense management solutions, and travel insurance, these tools cater to various aspects of corporate travel. By leveraging such a corporate travel agency, businesses can optimize their corporate travel program, provide a seamless travel experience to employees, and ensure the success of their business ventures around the world. So, that’s all about it! Keep following us for more such content and do share your comments below. Read Also: How To Apply For A Passport Online In This Pandemic, And Which Countries Allow You To Travel Now?

BY  Nabamita Sep 5, 2022

If you are in love with the rough terrains of the mountain road and Leh Ladakh is already checked off your bucket list. Then you need to visit this beautiful hidden gem of Himachal Pradesh, Spiti Valley. From trekking to camping, nothing is impossible here in Spiti Valley, but you might as me what is the best time to visit Spiti valley; well, keep scrolling to find out. Spiti Valley: The Middle Land The cold mountain desert of Himachal Pradesh is a paradise for mountaineers and campers. But don’t get me wrong, Spiti Valley is much more than rough mountain terrain; it is full of cultural and natural beauty. It is known for the heavy influence of Buddhist Culture; it is a place for tranquillity. Being situated at great heights, it has drastic weather changes, which makes it difficult to visit at a random time of the year. It is important that you know what is the best time to visit Spiti valley. Best Time To Visit Spiti Valley Whether you are solo backpacking through the terrains of Spiti valley or out with your whole family, it is important to know the weather changes. March to JuneJuly to SeptemberOctober to February14c to 20c13c to 27c-4c to 20c March - June If you are planning Spiti valley tours, then this is the ideal time for you to visit there. From March till June, the temperature is comfortable and quite pleasant for all your outdoor activities. If you are someone who can’t handle too much cold, then Spiti valley best time to visit is now. During this, there are a lot of fun outdoor activities you can enjoy and appreciate, like camping, trekking, sightseeing, and also biking. These outside activities are a few of the best tourist attractions here in Spiti valley. So to enjoy these, visit during these months. July - September From the months of July till September is definitely not the best time to visit Spiti valley. These are the monsoon months in Spiti Valley, which is at high risk for landslides and other dangers. No tourist should visit during the monsoon months here in Spiti valley. October - February For thrill-seekers and adventurers, if you are great with the cold and snow, visit Spiti valley during these months. You will witness the real heaven on earth. Spiti valley during the winter months is, in a word, “Magnificent.”  Everything is covered in snow and would feel like a white winter wonderland. But it is also important to note that even though it’s beautiful during the winter, the climate can be very harsh. During the night, the temperature can fall to even -40c; it is especially during the harsh winter of December. Different Climates In Spiti Valley Like any other place, Spiti valley typically has three distinct climates and that is summer, monsoon and winter. ☀️Summer In Spiti Valley The month of April usually marks the onset of summer in the Spiti valley, and it lasts till the end of June. And this is the peak time for tourists to visit Spiti valley, as, during this time, the Manali road going towards Spiti valley opens. From late May till mid-June is the best time to visit Spiti valley. During this time, the temperature rises above 0c. You should also visit Spiti valley during summer as during these months you can experience a lot of outdoor activities. These are why this is the best time to visit Spiti valley. ☔Monsoon In Spiti Valley The rain comes pouring down in Spiti valley during the months of July till September. Not only is traveling difficult during this time, but it is also rather dangerous and highly risky. The roads are full of mud and waterfalls, and the risk of landslides is relatively high. Tourists and travelers often get stuck on the road during the monsoon season in Spiti valley. And it is also kind off impractical to visit Spiti valley during the monsoon season as the heavy rainclouds block the beautiful scenic view of the Spiti valley. ❄️Winter In Spiti Valley Winter months normally sets in the Spiti valley during the months of October and continues till March. The temperature drops to minus degrees steadily that turning the valley into a cold, snowy desert. The main route, which is the Manali route til Spiti, is closed during winter, so you have to take the Kargil and Srinagar routes during the winter. Though the winter months in Spiti valley are heavenly, it is not always recommended due to dangerous roads and extreme temperatures. Places To Visit In Spiti Valley Spiti valley is an abode to countless beautiful destinations for you to experience, like waterfalls, mountain rivers, glaciers, treks, and monasteries. Here are a few of the places in Spiti valley you should definitely visit. 🏞️Chandratal Lake The Chandratal lake is situated in the Samudra Tapu Plateau and is located 4300 m high in the lap of the Himalayas. Covered by mountains on one side and beautiful cirques on the other side, it creates beautiful scenery.  🌄Kaza Kaza is one of the most well-known places in Spiti valley. It is a sub-divisional headquarters of Spiti valley. It is also divided into two parts, namely, Kaza Khas and Kaza Soma.  🏔️Kinnaur Kinnaur is a very beautiful and popular district of Himachal Pradesh that has a captivating view of snow covered mountain ranges. The mountain range is from the Zaskar range and the Himalayas.  🏞️Nako Nako is a beautiful village that has the most wonderful view and surroundings. It is known as the most beautiful village in Spiti valley.  🏯Key Monastery The Key Monastery is considered to be one of the most popular Buddhist monasteries in the Spiti and Lahaul District in India that has Tibetan roots.  ⛩️Kunzum Pass Kunzum Pass is one of India’s highest mountain passes that is motorable. It stands like a gateway from Kullu and Lahaul valley to Spiti valley. 🌅Tabo Tabo is a small Tibetan town in Spiti Valley, lying on the border of the Indo-Tibetan border, on the banks of the Spiti River.  Frequently Asked Questions (FAQs): If you have any more queries regarding Spiti valley, then here are some of the questions asked by others. 1. How Many Days Should I Spend In Spiti Valley? Ans: To explore Spiti valley in totality, you should at least spend 8-10 days. It takes about 5 to reach Spiti valley if you are taking the Kinnaur route. So it is better to have a few days in hand to explore the place. 2. Can I See Snow In Spiti Valley? Ans: If you are planning to see snow here in Spiti valley, then the best time for you to visit is during the winter months. It is from January to March. 3. Is Spiti Valley Worth Visiting? Ans: Absolutely Yes, if you are someone who loves the mountains and is in love with adventures, then it is a must-visit Spiti valley. It is a piece of heaven on earth. Visit Now! Spiti valley is one of those places you need to visit once to experience what it means to have an adventure. Now that you know the best time to visit Spiti valley, why not book your tickets here for your next holiday? Read Also: What Are The Places To Visit In Meghalaya? – Travel Guide Top 7 Best Places To Visit In Darjeeling – Travel Guide Which Is The Largest Freshwater Lake In India?