ONLINE BOOKING
SAMANTHA BOMKAMP
NEW YORK
You scour websites. You set up fare alerts.
But the real secret in getting the best price
for an airline ticket boils down to two things:
when you look and when you book.
Trouble is, not all peak travel times are
created equal. The sweet spot when tickets
are cheapest can vary by weeks, according
to travel data analysed for the Associated
Press by the online booking company
Expedia.
Take the next two big travel weekends.
Based on an analysis of ticket prices over
the last four years, Expedia has found that
the best time to book the US Independence
Day Holiday on July 4 was between one
and two months in advance.
In the United States, the rules change
dramatically for the labor Day holiday,which
for the Labor Day holiday, which falls on
the first Monday in September and marks
the traditional end of summer. Those looking
to travel that weekend (This year Sept 6),
based on trends since 2007, can get the -
best deal buying three to four weekds out.
They are 30 per cent higher, on average,
if you book less than a week before
summer's last hoorah.
But how can two holiday weekends
so close together have such different rules
for winning cheap fares?
Expedia analyst Daniel Kissin said it is
all in the timing. Following the old-fashioned
ruled of supply and demand, it makes sense
to book early for the most popular travel
holidays. At other times of the year, though,
it is better to gamble and hold out for that
cheaper fare closer to your travel date.
The rules of low fares are evolving quickly
as airlines recover from the recession. Last,
year, procastination was the name of
the game. Because travel demand was
sluggish, airlines discounted cheat seats
or l aunched fare sales close to flight time.
This year, travel demand is inching up and
airlines have slimmed ther fleets. That means
fewer seats with more demand-the perfect
equation for higher fares.
Even though airlines are trying to raise fares
across the board, it clearly is not all working
out. On less-travelled weekends, consumers
with an eye for gargains still have leg up.
Certain destinations also have different rules.
Procastinators with island dreams, listen up:
That flight to Hawaii will be cheaper the
more you wait.
The reason? Kissin said because Hawaii is
a more expendsive destination, travellers tend
to book earlier. The airlines khow that. And if
flights are not full within a couple weeks of
departure, discounts are bound to pop up.
The same could be said about flights oveseas
to Europe, Asia or other hot spots, so keep a
steady hand. A cheaper fare might be a few
days away.
When you are ready to book that flight,
do not forget to book the hotel, too.
Expedia spokesman Adam Anderson says
booking seperately is on of the biggest
money-losing mistakes people make.
Reserving everything together online could
save you hundreds of dollars depending on
the price of your trip. AP
30 June 2010
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