The report, titled "Best Time to Book", also reveals that the least expensive period to book hotels in in popular destinations around the globe is between May and July.
Indians are known for making last-minute bookings for vacations, and the latest analysis by travel portal TripAdvisor now reveals the period required for early bookings in order to avoid the added expenses incurred during last-minute reservations. The report, conducted in 25 cities, is based on hotel booking records and meta click data.
For example, prior bookings two to five months before a vacation to Bangkok can save about 36% of the costs. Similarly, five-month advance bookings can lead to 30% savings.
The report, titled "Best Time to Book", also reveals that the least expensive period to book hotels in in popular destinations around the globe is between May and July. The research showed that the best time period to book tickets in can vary depending on the region or city that a person intends to visit in summer and that for most destinations, hotel rates change gradually over time, without dramatic increases or decreases in price.
"For the cost-conscious Indian traveller, the 'Best Time to Book' report answers the most important question — when to book your hotel stay in order to maximise your savings for summer travel this year," said Nikhil Ganju, country manager, TripAdvisor India.
In January, rival travel portal Skyscanner had released a similar data crunching report for the best bargains for flight tickets. The report on studies conducted on Indian travellers claimed to have found that a person can get the cheapest fares if flights are booked 18 weeks in advance.
While February is the cheapest month to travel in, week five (February 1-February 7) is the cheapest in which to fly out of India. The Skyscanner report also revealed that for those planning their travel in the second half of the year, flight ticket bookings will be at its peak in August and the first week of December will be the most expensive to buy tickets in.
The results of the same survey also found that in order to get the best flight fares to France, tickets should be booked 14 weeks in advance, while travellers looking for flights to the US should consider booking 19 weeks in advance for the cheapest fares. For destinations such as Saudi Arabia and Singapore, travellers can save upwards of 28.6% and 26.8% respectively. The data also uncovered the percentage savings and the cheapest month to travel in to the top 10 most-popular destinations in the world according to Skyscanner.
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