Recently, when AirAsia offered 500,000 free seats, 279,000 were snapped up in one day. What does that tell us? That people are still travelling despite the dampening economy.
For some of my colleagues, this is a good time to travel as tourist numbers would have reduced somewhat due to the economy downturn and tourist places are not as crowded. Travel, especially to foreign lands, may be fun and exciting but one must be travel-savvy enough to cover all contingencies such as missed flights, missing baggage, health issues and God-knows-what-else.
It is therefore imperative that you have travel insurance coverage, international travel insurance that is, if you are travelling overseas. I have friends who had misadventures while holidaying overseas and their travel insurance saved the day. So, travel smart.