Depending on your personal situation, the economy may not be all that dire ... but it sure feels that way.
Travel suppliers are trying to woo you back on the road by liberalizing cancellation policies. Some companies are allowing travelers at cancel up to 45 days in advance of departure without penalty. Others are even allowing you to cancel last minute.
Case in point: SeaDream Yacht Club, which is allowing travelers to cancel or postpone their trips for up to 18 months for full credit if they cancel at least 48 hours prior to departure. That doesn't mean you get your money back -- but it does mean you can reschedule your trip. (SeaDream is one of the best experiences I've ever had in a vacation, and though not cheap, in my view they're well worth the splurge. Its yacht-style ships take only 100 people at a time on seven-day itineraries.)
The moral here: If you're thinking about a cruise or package, especially a high-priced one, ask the travel supplier or your travel agent about cancellation policies.
And always, always, always consider travel insurance if you're making a big cash outlay. You'll want to look at policies carefully to be sure your concerns are addressed...but the right policy can save your wallet if you have a medical emergency or certain other problems.






