Travel

The Only Hack for Hotel Discounts That Still Works Right Now

It’s all about staying at the newest spots and booking with points. But like any good hack, the devil is in the details.

The Oroya restaurant’s Madrid Edition.

Photographer: Nikolas Koenig

Whether you buy early, shop last minute, are traveling far away or keeping it close to home, there’s one truism to travel right now: It’s crazy expensive. So it may be counterintuitive that the best way to snag a deal these days is to stay somewhere brand-spanking new.

“New hotels sometimes underprice themselves when they first open,” explains Becky Pokora, travel rewards staff writer at Forbes Advisor. “It’s part of an effort to attract more attention and to determine what customers are willing to pay,” she continues. Take the brand-new 1 Hotel Hanalei Bay in Hawaii. Its opening discount was 30% off—plus $100 to $500 in resort credits, depending on length of stay.