TripAdvisor, the travel planning and booking site, announced its “Best Time to Book” summer report, revealing the least expensive times to book hotels this summer in popular destinations across the globe, based on TripAdvisor hotel pricing data. The research showed that the best times to book vary depending on the region or city where the traveler is looking to visit for summer and that 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 U.S. hotels is within 3 months of a summer trip when travelers can save 9%, compared to peak pricing. At the city level, Paris is an example where the best time to book is within 2 months of the summer trip, when travelers can save 23% versus the peak rates.
Bargain hunters know that timing is crucial when it comes to booking the lowest hotel prices and TripAdvisor data shows that travelers can often find the best prices on summer hotels months in advance, with a booking sweet spot typically within 3 months of their trip. By doing their homework and comparing prices on sites like TripAdvisor, along with using insights from this report, travelers can discover the best deals on their hotels for summer.
TripAdvisor analyzed hotel pricing data to identify the time periods offering the lowest prices on hotels for summer in 9 popular regions and 30 popular cities around the world for the months of June, July and August. The analysis defined “best time to book” as periods when hotel prices were consistently less than the destination average. Below is the breakdown of potential savings when booking hotels in these destinations for summer 2017 compared to the peak rates for summer months.