Help w/ Holidays

For married couples: how do you handle the holidays when it comes to in laws & your own extended family?

My in laws live several hours away, and my family lives only a couple hours away. We’ve always alternated thanksgiving & Christmas each year with each side (in laws for thanksgiving, my family for Christmas, and vice versa the next year).

Now that we have a one year old, traveling is harder & I’m just curious what other couples do for the holidays for some ideas.