PR Newswire
NEEDHAM, Mass., April 5, 2017
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
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Best Time to Book Hotels for Summer in Popular World Destinations 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.
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
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