TripAdvisor, has revealed its Best Time to Book report, revealing the cheapest times to book hotels in popular destinations around the world.
Firstly, the report defines “best time to book” as periods when hotel rates were less than the average rate of the selected destination. The travel site analysed hotel booking and interest in nine popular regions around the world and in selected popular world cities. The report is based on TripAdvisor’s hotel booking data and the aggregated hotel rates of its booking partners. TripAdvisor analysed the data from April 2014- February 2016 including all hotels with sufficient pricing data.
The report showed that the best time to book a hotel room can vary depending on the region or city. For most destinations, the hotel rates change gradually over time, without dramatic increases or decreases in price.
For example, the least expensive time to book hotels in Asia is within 3 months of your travel date, where you could save 23% compared to the most expensive booking period. In comparison, for European hotels, the best time to book is between 3 to 5 months ahead, where you could also save 23% compared to the peak period. The least expensive time to book U.S. hotels is within 2 months of the trip but hotel prices remain fairly consistent throughout the year, with a potential saving of only 7% when booking during the cheapest period.
Below is a breakdown of the best time to book hotel rooms according to world regions:
And here is the cheapest time to book hotel rooms in popular cities around the world:
Hopefully, the guides above can help you plan your holiday better and save some money in the process.