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TripAdvisor Announces Best Time to Book Hotels for December Holidays

SINGAPORE, October 6, 2016 – TripAdvisor®, the travel planning and booking site, announced its “Best Time to Book” Holiday report, revealing the least expensive times to book hotels in popular global destinations for the December and New Year’s Eve holidays, based on TripAdvisor hotel booking and meta click data 1. “Travellers looking to head to Asian destinations for the December holidays can expect great value but those who book their accommodations on TripAdvisor from September onwards can save 16% or more versus the peak rates,” saidJanice Lee Fang, TripAdvisor’s communications director for Asia Pacific. “While hotels in Asia are generally a bargain, travellers can refer to our booking data to find out when is the most ideal time to make their bookings […]

SINGAPORE, October 6, 2016 – TripAdvisor®, the travel planning and booking site, announced its “Best Time to Book” Holiday report, revealing the least expensive times to book hotels in popular global destinations for the December and New Year’s Eve holidays, based on TripAdvisor hotel booking and meta click data 1. “Travellers looking to head to Asian destinations for the December holidays can expect great value but those who book their accommodations on TripAdvisor from September onwards can save 16% or more versus the peak rates,” saidJanice Lee Fang, TripAdvisor’s communications director for Asia Pacific. “While hotels in Asia are generally a bargain, travellers can refer to our booking data to find out when is the most ideal time to make their bookings […]

SINGAPORE, October 6, 2016 – TripAdvisor®, the travel planning and booking site, announced its “Best Time to Book” Holiday report, revealing the least expensive times to book hotels in popular global destinations for the December and New Year’s Eve holidays, based on TripAdvisor hotel booking and meta click data 1.

“Travellers looking to head to Asian destinations for the December holidays can expect great value but those who book their accommodations on TripAdvisor from September onwards can save 16% or more versus the peak rates,” saidJanice Lee Fang, TripAdvisor’s communications director for Asia Pacific. “While hotels in Asia are generally a bargain, travellers can refer to our booking data to find out when is the most ideal time to make their bookings for best savings as hotel prices can see significant changes depending on destination.”

TripAdvisor analysed historical hotel booking and interest in nine popular regions around the world for the last two weeks of December. The best time to book was defined as periods when hotel prices were less than the average for the destination.  The research showed that the best time periods to book vary depending on the region or city where the traveller is looking to visit. While most destinations see a gradual change in prices over time, some destinations see dramatic changes from week to week for holiday hotel rates.  Below is the breakdown of potential savings for world regions and popular world cities when comparing the least expensive to most expensive times to book hotels for the end-of-year holidays.

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Best Time to Book Hotels for December Holidays in World Regions

Hotels average RM281 for the holidays and decline gradually beginning in February to the end of December. Travellers that book after September to the end of the year can save 16% or more versus peak rates.

 

Hotels average RM538 during the last two weeks of December and travellers can save in particular during the September and late November lows, about 10% vs the early year peak.

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European hotels average RM422 for the holidays.  Prices level out in March offering value for travellers and stay relatively consistent until prices decline 5% in mid-November, approximately 15% savings compared to the early year peak.

 

U.S. hotels during the holidays average RM579 per night and pricing remains fairly steady from March until November when rates start to decline. During Thanksgiving week, travellers can save the greatest amount, 21% overall compared to early year peak pricing.

 

Holiday rates remain consistent around the RM1,005 average in the Caribbean, with prices slightly lower in summer but varying by only a few percent throughout the year.

 

After remaining flat for most of the year at an average of RM476, prices gradually rise about 5% higher starting in late August through the end of the year.

 

Hotel rates drop about 10% from mid-July to September then remains steady around its RM385 average until a final drop of another 5% for last minute bookers in mid-late December.  Booking during this window can save 24-30% vs the early year peak.

 

Average rates for the holiday weeks are RM667 and prices remain relatively steady from May until November, when prices drop 17% or more versus the early year peak.

 

Prices average RM500 in Africa for the end of year holidays and fluctuate about 5% from late March until November when they start to decline steadily, from 10% less than the early year peak.

 

 Best Time to Book Hotels for the Holidays in Popular World Cities for Travel 

World:

TripAdvisor is the world’s largest travel site*. Travellers can read millions of reviews and opinions and book their next trip at: www.tripadvisor.com.

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