TripAdvisor data reveals the cheapest time to book hotels for summer travel | TravelDailyNews International
  • Travel Daily News Asia
  • Travel Daily News Asia
  • Travel Daily News Greece & Cyprus
New Articles

Trends

TripAdvisor data reveals the cheapest time to book hotels for summer travel

6207
0
SHARES
00
‘Best Time to Book’ report shows travellers booking during optimal periods can save about 20% on hotels for summer in popular destinations worldwide. For British travellers planning a summer holiday in Europe, the best time to book their hotel is between three to five months out, when they can save 23% compared to peak prices.

LONDON, UK  – Booking travel last minute is often considered a great way to bag the best deal but the ‘Best Time to Book’ report, released by the travel planning and booking site TripAdvisor, reveals that this isn’t always the case. In fact, the best time to book is completely dependent on where you’re heading and can vary dramatically from destination to destination.

This inaugural report highlights the least expensive times to book hotels for summer travel in popular destinations around the globe, based on TripAdvisor hotel booking and meta click data1.

“One of the biggest questions for travellers researching trips are when to book in order to get the best price? Will I save money by booking later?” said James Kay, TripAdvisor spokesperson. “What is interesting is that those who book either very early or very last minute are rarely getting the best deals. For many destinations, hotel prices actually tend to reach a low a few months in advance of the trip.”

A survey of 2,000 British holidaygoers2 found that consumers’ perception of when the best hotel rates become available does not always match the reality.

A quarter of those surveyed (24%) thought that booking a hotel more than 6 months in advance would give you the best rates.

In fact, of the 25 major destinations included in the research, this was true of only three – Beijing, Moscow and Barcelona – and even then travellers would still benefit from savings in those destinations even if they waited until 4 months prior to the trip to make the hotel booking.

The research also showed that there was no hard and fast rule for when the most savings could be made across all of the major global destinations, which means travellers will often be best served changing their booking behaviour depending on where they plan to go.

For example, for British travellers planning a summer holiday in Europe, the best time to book their hotel is between three to five months out, when they can save 23% compared to peak prices.

For Britons heading to Asian destinations, however, booking this far in advance can actually be counter-productive – the top five places with the shortest lead time needed to secure the best rates are all in Asia with one in the Middle East. Dubai has the shortest lead time with the biggest savings to be made by booking within 2 months of the trip, followed by Jakarta, Mumbai, Bangkok and Hanoi respectively, which all offer the best deals when booking within three months of your trip.

As well as having the shortest lead time for booking, Asia and Middle East destinations offer the biggest savings potential on average at 23% and 24% respectively.

Of the 25 major destinations included in the research, travellers to Moscow stand to gain the most from booking at the right time – with a potential saving of 55% if booking four to seven months out. Dubai follows at 40% when booking within two months of the trip and Jakarta comes closely behind at 39% when booking within three months.

TripAdvisor analysed hotel booking and interest in nine popular regions around the world for the summer months of June, July and August. The best time to book was defined as periods when hotel prices were less than the average for the destination. Below is the breakdown of the best time to book and potential savings for 25 popular world cities when comparing the least expensive to most expensive times to book hotels for summer.

Best Time to Book Hotels for Summer in 25 Popular World Cities3

Rank

Destination

Best Time To Book

(sorted by shortest advance time)

1

Dubai

Within 2 months

2

Jakarta

Within 3 months

3

Mumbai

Within 3 months

4

Bangkok

Within 3 months

5

Hanoi

Within 3 months

6

Cape Town

Within 3 months

7

Paris

Within 4 months

8

Marrakech

Within 4 months

9

Sydney

Within 5 months

10

Istanbul

Within 5 months

11

Singapore

2 weeks to 5 months

12

Buenos Aires

1-4 months out

13

Orlando

1-4 months out

14

New York City

2-4 months out

15

Cancun

2-4 months out

16

Prague

2-5 months out

17

Berlin

2-5 months out

18

Tokyo

2-5 months out

19

Dublin

2-5 months out

20

Beijing

2-6 months out

21

Rome

3-5 months out

22

London

3-5 months out

23

Rio

3-5 months out

24

Barcelona

2-7 months out

25

Moscow

4-7 months out



Savings to be Made When Booking at the Best Time

Rank

Destination

Savings To Be Made

(sorted by most)

1

Moscow

55%

2

Dubai

40%

3

Jakarta

39%

4

Sydney

34%

5

Prague

33%

6

Berlin

33%

7

Paris

32%

8

Rome

32%

9

Tokyo

31%

10

Istanbul

29%

11

Marrakech

28%

12

Barcelona

27%

13

Singapore

26%

14

New York City

25%

15

Buenos Aires

19%

16

London

18%

17

Mumbai

17%

18

Bangkok

16%

19

Beijing

16%

20

Hanoi

16%

21

Cancun

16%

22

Dublin

14%

23

Cape Town

13%

24

Rio

11%

25

Orlando

10%





1 Hotel pricing and average city rates are based on TripAdvisor hotel instant booking and meta click data, aggregated from booking partners, including online travel agencies and direct hotel suppliers. TripAdvisor analysed data from April 2014- February 2016 including all hotels with sufficient pricing data.
2 Survey of 2,000 UK respondents. Survey was conducted between 4-5 April 2016
3 Ranking is based on a pricing analysis of 25 popular destinations.
 
6 Days News
Rancho Pescadero is reborn
Travel dreams are back