NEEDHAM, Mass., April 5, 2017 /PRNewswire/
-- TripAdvisor®, the travel planning and booking
site, today 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 1. 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," said Brooke Ferencsik, senior director of
communications for TripAdvisor. "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.
Best Time to Book Hotels for Summer in the U.S. and World
Regions
- Book U.S. hotels within 3 months. Travelers researching
hotels in the U.S. this summer can find the greatest value (9%)
when booking within 3 months of their trip, compared to peak
pricing periods. (U.S. hotels average $164 per night during summer.)
- Within 4 months is best time to book African hotels.
Travelers going to Africa will see
8% savings on hotels when they book inside of 4 months.
(Africa hotels average
$176 per night during
summer.)
- Hotels in Asia offer the
best rates within 3 months of the trip. Travelers going to
Asia can save 14% when booking
within 3 months of their summer trip. (Asia hotels average $146 per night during summer.)
- Book Caribbean hotels
within 4 months. Travelers going to the Caribbean can save 6% when booking 4 months in
advance of a summer trip, compared to peak pricing periods.
(Caribbean hotels average
$184 per night during
summer.)
- Within 3 months is best time to book hotels in Central America. Travelers going to
Central America this summer will
find consistent hotel rates for summer for most of the year, but
booking inside 3 months will save 6%. (Central America hotels average $101 per night during
summer.)
- While the sweet spot for booking European hotels in summer is
between 5-9 months, European hotel prices remain fairly
consistent within 10 months of a summer trip, only deviating a
few percent from the average hotel rate. (Europe hotels average $135 per night during summer.)
- Book Middle East hotels
within 2 months. Travelers going to the Middle
East can find greatest savings (19%) when booking within 2
months of their summer trip. (Middle
East hotels average $178 per
night during summer.)
- Hotels in South America
offer best rates within 3 months of trip. Travelers going to
South America can save 15% when
booking hotels 3 months in advance of a summer trip, compared to
peak rates for summer months. (South
America hotels average $115
per night during summer.)
- Hotels in the South Pacific offer best rates within 2 months
of a trip. Travelers going to the South Pacific this summer can
save 11% when booking within 2 months of their trip. (South
Pacific hotels average $150 per night
during summer.)
Best Time to Book Hotels for Summer in Popular World
Destinations for Travel
- U.S.:
- Chicago: Book within 2
months for 18% savings
- Average summer hotel rate: $292/night
- New York City: Book
within 2 months for 23% savings
- Average summer hotel rate: $325/night
- Orlando: Book within 6
months for 9% savings
- Average summer hotel rate: $163/night
- World:
- Bangkok: Book within 6
months for 19% savings
- Average summer hotel rate: $63/night
- Barcelona: Book 3-9
months out for 33% savings
- Average summer hotel rate: $199/night
- Beijing: Book 2-3
months out for 17% savings
- Average summer hotel rate: $102/night
- Berlin: Book 4-8 months
out for 10% savings
- Average summer hotel rate: $104/night
- Budapest: Book 3-5
months out for 35% savings
- Average summer hotel rate: $94/night
- Buenos Aires: Book
within 6 months for 16% savings
- Average summer hotel rate: $89/night
- Cancun: Book within 4
months for 11% savings
- Average summer hotel rate: $156/night
- Cape Town: Book within
4 months for 18% savings
- Average summer hotel rate: $106/night
- Dubai: Book within 6
months for 24% savings
- Average summer hotel rate: $158/night
- Dublin: Book 4-8 months
out for 16% savings
- Average summer hotel rate: $173/night
- Hanoi: Book 3-7 months
out for 17% savings
- Average summer hotel rate: $133/night
- Hong Kong: Book within
5 months for 23% savings
- Average summer hotel rate: $107/night
- Istanbul: Book within 5
months for 33% savings
- Average summer hotel rate: $93/night
- Jakarta: Book within 6
months for 22% savings
- Average summer hotel rate: $50/night
- Kuta (Bali): Book within
7 months for 18% savings
- Average summer hotel rate: $278/night
- Lisbon: Book 4-8 months
out for 14% savings
- Average summer hotel rate: $183/night
- London: Book 5-8 months
out for 12% savings (travelers yet to book can consistently find
rates below the average within 8 months with an opportunity for
deeper savings within a month of their trip)
- Average summer hotel rate: $264/night
- Marrakech: Book 4-6 months out for 20% savings
- Average summer hotel rate: $106/night
- Moscow: Book within 3
months for 14% savings
- Average summer hotel rate: $54/night
- Mumbai: Book within 3
months for 24% savings
- Average summer hotel rate: $73/night
- Paris: Book within 2
months to save up to 23%
- Average summer hotel rate: $188/night
- Prague: Book 3-7 months
out with 24% savings
- Average summer hotel rate: $97/night
- Providenciales: Book 3-5 months out for 22% savings
- Average summer hotel rate: $518/night
- Rome: Book 4-8 months
out to save 21% on hotels
- Average summer hotel rate: $125/night
- Singapore: Book 6-7
months out for 18% savings (travelers yet to book can consistently
find rates below the average within 8 months)
- Average summer hotel rate: $215/night
- Sydney: Book within 3
months for 11% savings
- Average summer hotel rate: $137/night
- Tokyo: Book 4-7 months
out for 18% savings
- Average summer hotel rate: $139/night
TripAdvisor is the world's largest travel site*. Travelers can
read millions of reviews and opinions and book their next trip
at www.tripadvisor.com.
Methodology:
1Average summer hotel
rates and best times to book are based on TripAdvisor hotel pricing
data, aggregated from booking partners.
TripAdvisor analyzed data from April
2015 to March 2017, including
all hotels with sufficient pricing data.
About TripAdvisor
TripAdvisor® is the world's largest travel site*, enabling
travelers to unleash the potential of every trip. TripAdvisor
offers advice from millions of travelers, with 465 million reviews
and opinions covering 7 million accommodations, restaurants and
attractions, and a wide variety of travel choices and planning
features — checking more than 200 websites to help travelers find
and book today's lowest hotel prices. TripAdvisor branded sites
make up the largest travel community in the world, reaching 390
million average unique monthly visitors** in 49 markets worldwide.
TripAdvisor: Know better. Book better. Go better.
TripAdvisor, Inc. (NASDAQ: TRIP), through its subsidiaries,
manages and operates websites under 23 other travel media
brands:
www.airfarewatchdog.com, www.bookingbuddy.com, www.citymaps.com,
www.cruisecritic.com, www.familyvacationcritic.com,
www.flipkey.com, www.thefork.com (including
www.lafourchette.com, www.eltenedor.com, www.iens.nl and
www.dimmi.com.au), www.gateguru.com, www.holidaylettings.co.uk,
www.holidaywatchdog.com, www.housetrip.com,
www.independenttraveler.com, www.jetsetter.com,
www.niumba.com, www.onetime.com, www.oyster.com,
www.seatguru.com, www.smartertravel.com,
www.tingo.com, www.travelpod.com, www.tripbod.com,
www.vacationhomerentals.com and www.viator.com.
*Source: comScore Media Metrix for TripAdvisor Sites, worldwide,
November 2016
**Source: TripAdvisor log files, Q3 2016
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/tripadvisor-reveals-the-best-time-to-book-hotels-for-maximum-summer-travel-savings-300434767.html
SOURCE TripAdvisor