When is it Cheapest to Book a Hotel Room?
When traveling domestically or internationally, the main expense of the trip is the hotel room. It’s an expense that many dread to make. However, there are many factors considered when booking a hotel room, like when is the best time to book a room, when is the best time to travel, etc. So here are some tips and tricks to help you minimize that expense.
Best Day of the Week to Book a Hotel Room
According to Kayak’s Global Hotel Survey, the best day of the week to book a hotel room for international or domestic travel is on Friday or Saturday. Monday through Wednesday have the highest searches for hotel rooms. But as the week comes to an end, hotel searches and rates drop down.
How Far in Advance Should You Book a Room?
This one is a little tricky to calculate. But, according to Kayak, if you’re a risk-taker and like a little bit of thrill, you should book 1-3 days in advance. The main reason for this is that most hotels have a 24-48 hour cancelation policy, and they tend to have cancellations during that time window. So instead of letting those rooms go unused, they bring down the prices.
However, if you don’t like taking such risks, especially if you’re traveling internationally, you should book your hotel for at least one month. The best trick is to pick a couple of hotels you like within your price range a couple of months ahead and keep track of the prices. Then, once you find a price you like, book a month in advance.
Time of Year to Avoid Travel
A couple of times a year, prices for hotels and flights are at their peak. The worst time to travel is during the holiday season (Christmas, new years, etc.) and summertime. Popular destinations for the winter season like Mexico and the Caribbean have incredibly high prices since many people prefer those places during the wintertime. You should also avoid traveling to Europe in August since most Europeans have their summer break, so there will be a lot of local traffic. The best time to travel to get the cheapest rates is during the off-season for your destination.