NEEDHAM, Mass., April 06, 2016 (GLOBE NEWSWIRE) -- TripAdvisor®, the travel planning and booking site, today announced its “Best Time to Book” report, revealing the least expensive times to book hotels for summer travel in popular destinations around the globe, based on TripAdvisor hotel booking and meta click data 1.
The research showed that the best time periods to book can 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 two months of the summer trip, but U.S. hotel prices for summer remain fairly consistent throughout the year, with a relatively modest potential savings of seven percent when booking during the least expensive time period. By comparison, for European hotels, the best time to book for summer is between three to five months out, when travelers can save 22 percent compared to the most expensive booking period.
“Travelers researching trips almost always want to know – am I booking at the right time, or will I save money by booking later,” said Brooke Ferencsik, senior director of communications for TripAdvisor. “The report shows there are a variety of time periods during the year when it’s ideal to book on TripAdvisor depending on the destination, and savvy travelers can use these insights for significant savings when booking their hotels for summer.”
TripAdvisor analyzed hotel booking and interest in nine popular regions around the world for the summer months of June, July and August. The best time to book was defined as periods when hotel prices were less than the average for the destination. Below is the breakdown of potential savings for nine world regions and 25 popular world cities when comparing the least expensive to most expensive times to book hotels for summer.
Best Time to Book Hotels for Summer in World Regions
Best Time to Book Hotels for Summer in Popular World Cities for Travel
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.
Notes to editors:
1Hotel pricing and average city rates are based on TripAdvisor hotel instant booking and meta click data, aggregated from booking partners, including online travel agencies and direct hotel suppliers.
TripAdvisor analyzed data from April 2014- February 2016 including all hotels with sufficient pricing data.
About TripAdvisor
TripAdvisor® is the world's largest travel site*, enabling travelers to plan and book the perfect trip. TripAdvisor offers advice from millions of travelers and a wide variety of travel choices and planning features with seamless links to booking tools that check hundreds of websites to find the best hotel prices. TripAdvisor branded sites make up the largest travel community in the world, reaching 350 million unique monthly visitors**, and 320 million reviews and opinions covering 6.2 million accommodations, restaurants and attractions. The sites operate in 48 markets worldwide.
TripAdvisor, Inc. (NASDAQ:TRIP) manages and operates websites under 23 other travel media brands:
www.airfarewatchdog.com, www.bookingbuddy.com, www.cruisecritic.com, www.everytrail.com, www.familyvacationcritic.com, www.flipkey.com, www.thefork.com (including www.lafourchette.com, www.eltenedor.com, www.iens.nl, www.besttables.com and www.dimmi.com.au), www.gateguru.com, www.holidaylettings.co.uk, www.holidaywatchdog.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, www.viator.com, and www.virtualtourist.com.
*Source: comScore Media Metrix for TripAdvisor Sites, worldwide, November 2015
**Source: TripAdvisor log files, Q3 2015