Welcome
to Travel+Experiment!
By Ed Perkins via
Huffpost Travel; May 09, 2015
For at least two decades, industry experts
have been speculating about basic timing factors in finding the lowest
airfares. The big question: When is the best time to buy plane tickets? So far,
nobody has been able to come up with definitive answers that stand the test of
time for very long. But that doesn't stop them from trying. There are
numbers-based guidelines touted by travel experts. And there are tools and data
that can help you ascertain the right time to buy. Here's the latest
information on mastering the art of airfare booking.
How Far In Advance Should I Book My Flight?
Several sources publish data on the
correlation between advance purchase period and airfares. The ideal time to buy
a domestic ticket is 54 days in advance, says CheapAir, or seven weeks ahead, says Expedia, which are essentially the same findings. For
international trips, the ideal period is 171 days ahead of departure, according
to the same Expedia report. CheapAir refines the estimates: 96 days before
trips to Europe and 96 days prior to Latin America trips. Both sources indicate
that you can come close to the absolute lowest price over a wide range of
dates: CheapAir's "window" for good deals on domestic tickets is
27-114 days in advance; Expedia's window is 50-100 days.
Avoid booking too early and too late. Too
late is especially bad; you pay a huge premium for buying within a week or two
of departure--even on airlines that nominally assess no advance-purchase limit.
What Time of Day Should I Book My Flight?
According to urban legend, you should buy on
Tuesday mornings because airlines dump new fares and seat allocations on Monday
nights. It's also rumored that travelers shouldn't buy on weekends, as
consumers lap up the seats allocated to the lowest fare buckets on Saturdays
and Sundays, leaving less low-priced inventory.
Here's what George Hobica, founder of our
sister site Airfarewatchdog,
says: "No one can accurately predict where airfares are heading any more
than we can predict the stock market."
Hobica's blog points to a quote from an airline revenue manager on
the subject: "To say that there is one time of the day or one day of the
week that is better than another is false. Plus, fares are so dynamic, since
they are based on market conditions and the actual number of passengers who are
currently booked on a specific flight, that they can change rapidly at any time."
But the manager goes on to contradict himself
a little bit: "Many airlines tend to announce sales on a Monday, leading
other airlines to match certain fares the following day, but this is not a hard
and fast rule."
When Do Plane Tickets Go on Sale?
The best time to buy an airline ticket is
when it's on sale; that means you have to stay on top of the airline
marketplace. Airfare sales crop up at random times. Typically, the
purchase window is short--sometimes just one day, often a few days to a
week--but the sale fares are usually good for a month or more.
As Hobica puts it, "Pounce when there's
a deal." And remember: With almost all U.S. airlines, you can cancel your ticket within 24 hours of booking at no
charge. Even if you've already bought your fare, you can keep looking for a
better offer within that 24-hour window.
How Do I Stay on Top of Fare Sales?
Unless you enjoy the prospect of spending
much of every day searching airline and OTA websites, the best way to keep on
top of airfare sales is to subscribe to one or more airfare alerts. You have a
range of choices. And we can help. Start with our own free fare alerts, our sister site BookingBuddy, and
Airfarewatchdog's famous fare alerts. In addition, many individual
airlines, big OTAs, and metasearch systems offer airfare alerts or promotional
bulletins.
Keep two important factors in mind when you
search: First, Southwest fares are not available from any OTA or metasearch
system; you can get these alerts from the SmarterTravel, BookingBuddy, and
Airfarewatchdog links above or from Southwestdirectly. Second, any time a big airline
announces a sale, competitors usually match it, at least where they compete
directly, within 24 hours. So always take some time to shop around before you
book.
What Are Some Other Ways to Get Fare Alerts?
You can get fare alerts directly from your
favorite carrier. Many airlines offer weekly or periodic email notifications of
special sales and other useful information. It's a good idea to set up alerts
from an airline with which you frequently fly, especially if you collect miles.
Many OTAs and metasearch systems also offer
regular airfare-deal bulletins, including the two giants, Expedia and Priceline.
Or download an app. Airfarewatchdog and Skyscanner are two apps that tell you when to buy.
Happy
Travels!
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