LONDON, UK, 24 April, 2018 – British holidaymakers could be able to save up to 49% on hotels in popular destinations this summer depending on when they book, predicts a report released today by the travel planning and booking site, TripAdvisor.
The ‘Best Time to Book’ summer report predicts the least expensive times to book a hotel stay during the peak summer travel period in popular destinations around the globe, based on TripAdvisor hotel pricing data. It shows that, for most popular destinations, UK holidaymakers are most likely to get the cheapest rates by booking several months in advance of their travel – rather than wait until the last minute.
Of the fifteen popular destinations for Brits, the report predicts that only New York and Tokyo are likely to offer the best rates less than a month before the 2018 summer travel period begins.
The report analysed price trends from the last two summer seasons (2016 and 2017) at 15 popular summer destinations, identifying the time periods prior to travel when hotel rates were at their lowest, as well as the overall price average for each destination. From this analysis, TripAdvisor was able to identify a ‘best to time book’ time period when hotel prices are likely to be consistently less than the destination average for travel this summer.
“Getting the best hotel deal for your summer holidays is not just about finding the best dates to travel, it’s also about being smart about when you book your hotel for the dates you’ve selected. Holidaygoers who time it right can save a huge amount compared to the average prices others will pay. For most destinations, you can feel confident you are getting the best deal if you book a few months ahead of your trip, but it can vary depending on the destination, so it’s worth being savvy in your research,” commented TripAdvisor spokesperson, Hayley Coleman.
Of the 15 major destinations included in the research, the report predicts that holidaymakers to Dubai stand to gain the most from booking at the right time – with a potential saving of 49% if booking within three months of the trip. New York City and Tokyo follow, at 40% and 30% respectively when booking within one month of the trip for both destinations. Sydney comes next at 25% when booking within five weeks. Cancun requires the most advanced booking for the best savings at 5-8 months ahead of a trip, with a potential saving of 11% compared to the average price.
Below is the breakdown of the best time to book as well as potential savings when booking hotels in these destinations for summer 2018 compared to the peak rates during the same period.
Best Time to Book Hotels for Summer in 15 Popular World Destinations:
|
Rank |
Destination |
Best Time To Book*
|
Savings To Be Made Against Average Summer Rate*(sorted by most) |
|
1 |
Dubai |
Book within 3 months |
49% |
|
2 |
New York City |
Book within 1 month |
40% |
|
3 |
Tokyo |
Book within 1 month |
30% |
|
4 |
Sydney |
Book within 5 weeks |
25% |
|
5 |
Barcelona |
Book 3-9 months ahead |
23% |
|
6 |
Rome |
Book 3-8 months ahead |
22% |
|
7 |
Prague |
Book 3-8 months ahead |
20% |
|
8 |
Paris |
Book 2-7 months ahead |
19% |
|
9 |
Bangkok |
Book within 3 months |
16% |
|
10 |
Orlando |
Book within 5 months |
15% |
|
11 |
Hanoi |
Book within 2 months |
14% |
|
12 |
Singapore |
Book within 3 months |
14% |
|
13 |
Buenos Aires |
Book 3-6 months ahead |
12% |
|
14 |
Cape Town |
Book within 2 months |
12% |
|
15 |
Cancun |
Book 5-8 months ahead |
11% |
Average Hotels Rates for this Summer in 15 Popular World Destinations:
|
Rank |
Destination |
Average TripAdvisor Summer 2018 Hotel Rate** (per night sorted from least to most) |
|
1 |
Hanoi |
£71 |
|
2 |
Buenos Aires |
£87 |
|
3 |
Bangkok |
£90 |
|
4 |
Prague |
£118 |
|
5 |
Singapore |
£139 |
|
6 |
Orlando |
£143 |
|
7 |
Tokyo |
£145 |
|
8 |
Sydney |
£151 |
|
9 |
Rome |
£153 |
|
10 |
New York City |
£160 |
|
11 |
Barcelona |
£164 |
|
12 |
Cape Town |
£169 |
|
13 |
Dubai |
£179 |
|
14 |
Paris |
£179 |
|
15 |
Cancun |
£260 |
Methodology
*Best Time to Book windows are based on historical TripAdvisor pricing data between July 2016 and August 2017.
**Average summer hotel pricing is based on TripAdvisor pricing data from 1 January – 15 April, 2018.
About TripAdvisor
TripAdvisor, the world's largest travel site*, enables travellers to unleash the full potential of every trip. With over 600 million reviews and opinions covering the world's largest selection of travel listings worldwide – covering approximately 7.5 million accommodations, airlines, attractions, and restaurants -- TripAdvisor provides travellers with the wisdom of the crowds to help them decide where to stay, how to fly, what to do and where to eat. TripAdvisor also compares prices from more than 200 hotel booking sites so travellers can find the lowest price on the hotel that's right for them. TripAdvisor-branded sites are available in 49 markets, and are home to the world's largest travel community of 455 million average monthly unique visitors**, all looking to get the most out of every trip. TripAdvisor: Know better. Book better. Go better.
The subsidiaries and affiliates of TripAdvisor, Inc. (NASDAQ:TRIP) own and operate a portfolio of websites under 20 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.jetsetter.com,
www.niumba.com, www.onetime.com, www.oyster.com, www.seatguru.com, www.smartertravel.com,
www.tingo.com, www.vacationhomerentals.com and www.viator.com.
* Source: comScore Media Metrix for TripAdvisor Sites, worldwide, November 2017
** Source: TripAdvisor log files, average monthly unique visitors, Q3 2017
