A killer vacation doesn't have anything to do with your cash flow: It’s a state of mind. Living the ultra-luxe travel life is possible, even when your budget is modest.

We spoke to industry veteran Bob Diener, the co-founder of Getaroom.com and Hotels.com, about how to get the most bang out of your vacation buck. Diener's 25 years of travel expertise yields plenty of insight. Here are his tips for traveling like a boss.

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