Travel Savings plans and initiatives for Europeans

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There are several travel savings plans and initiatives that people in Europe can join to save money for vacations. These plans often come in the form of travel savings accounts, travel clubs, and financial products designed specifically for travel savings. Here are a few examples:

Travel Savings Accounts: Many banks and financial institutions offer savings accounts specifically for travel. These accounts may come with benefits such as higher interest rates, automatic transfers from checking accounts, and travel-related perks.

Travel Clubs: There are various travel clubs and associations where members can save for future travel. These clubs often provide discounted travel packages, exclusive deals, and other benefits to their members. Examples include the British Airways Executive Club, Eurocamp Travel Club, and others.

Travel Savings Apps: Apps like Revolut, Monzo, and Starling Bank offer features that help users save for travel. These apps allow users to create separate savings pots or goals, set up automatic savings, and even round up spare change to save towards their travel fund.

Vacation Savings Plans: Some employers and travel agencies offer vacation savings plans where employees or customers can contribute regularly to a travel fund, often through payroll deductions or regular bank transfers. These plans sometimes come with incentives such as matching contributions or discounts on travel bookings.

Group Travel Savings: Platforms like Leetchi and Splitwise allow groups of people to pool their money together for a shared travel fund. This can be useful for friends or families planning a vacation together.

Christmas Clubs: Although traditionally used for Christmas expenses, Christmas Clubs are savings plans that can also be used for travel. Members contribute regularly throughout the year and receive a lump sum payout before the holiday season, which can be used for vacation expenses.

Exploring these options can help individuals and groups in Europe save effectively for their vacations.

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Here are ten associations or travel clubs in Europe where members can save for future travel:

British Airways Executive Club: Members can collect Avios points on flights and purchases, which can be redeemed for future travel.

Eurocamp Travel Club: Offers discounts and special offers for members booking camping holidays across Europe.

Accor Live Limitless (ALL): Accor’s loyalty program allows members to earn points on stays and spending at their hotels, which can be used for future travel.

Club Med Membership: Offers special deals, discounts, and benefits for members planning vacations at Club Med resorts.

Hilton Honors: A loyalty program where members earn points on hotel stays and other activities, redeemable for future travel.

TUI Blue Travel Club: Offers exclusive discounts and benefits for members booking TUI Blue holidays.

Scandinavian Airlines EuroBonus: Members earn points on flights and other purchases, which can be used for future travel.

NH Rewards: NH Hotel Group’s loyalty program allows members to earn points on stays, redeemable for free nights and other benefits.

Lufthansa Miles & More: A frequent flyer program where members collect miles on flights and spending, which can be redeemed for flights and other travel services.

Radisson Rewards: Members earn points on stays at Radisson hotels, which can be used for free nights and other travel-related rewards.