Summer is just around the corner, which means it’s time to start thinking about those family vacation plans. But what’s the best time to book summer travel that won’t break the bank? Shopping in advance can make all the difference.
In order to determine the best time to book a vacation stay, Trip Advisor recently analyzed data from hotels in 10 of the most popular summer travel destinations in the U.S. Studying prices from July 2016 to August 2017, they looked for pockets of time when hotel bookings were at their lowest. The best time to book was the same across all 10 destinations, exactly one month ahead of a trip. Booking one month in advance allowed for the biggest savings, with some spots, like New York City and Las Vegas, giving travelers a discount of up to 40 percent.
Finding the best deal on airfare can be a little trickier, however, with rates fluctuating constantly throughout the year. According to a recent study by CheapAir.com, to score a good deal the best time to buy tickets is around 70 days before your departure, which means if you haven’t booked those seats for summer yet, you’ll want to get on them ASAP.
As a general rule of thumb, the closer you book to your track date the greater the chance that the rates will increase. CheapAir suggests keeping a close watch on rates during the “Prime Booking Window,” which runs from four months to three weeks prior to your travel date and jump on any deals that pop up. Waiting any longer than the window could end up costing you.
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