With Christmas coming this week, those thinking of making a last minute booking for an overseas jaunt should consider taking their trip in January.
Consulting three years of data, leading global travel search engine Skyscanner found that airfares in week 52 – the last week of the year – skyrocket almost 50% above the average airline ticket price but then drop dramatically come January.
Airfares to destinations such as Singapore, Malaysia and India rise almost 50% above the average ticket cost, falling to as low as 20% below average in January. Flights to the UK rise to almost 20% above average ticket cost during the last week of December, falling to approximately 25% below average in January.
Destinations favourited by savvy Australian travellers this summer holidays include the US (approx. 20% fare decrease in January historically), Thailand (10% fare decrease), UK (20% fare decrease), Ireland (25% fare decrease), and Japan (20% fare decrease).
Commenting on the findings, Skyscanner’s Head of Marketing Australia and New Zealand, Alana Saphin said, ‘while some of us have no choice but to travel to see family and friends during the Christmas break, those with a little more flexibility should consider postponing that holiday a week or two later and go in January. Not only will saving money bring a smile to your face but so will knowing that everyone else is back to work while you’re still on holiday.’
Skyscanner also offers some handy tips for getting the best flight price:
· Book smart: avoid peak season travel and try to fly during the least popular hours of the day, this can help to lower costs, try to avoid peak season travel and try to fly during the least popular hours of the day, this can help to lower costs. Book on weekdays if you can extend your trip away, also, travelling on a Thursday night and returning on Monday can offer some great savings.
· Be flexible: costs can vary significantly depending on the airlines operating certain routes. If you are planning your next trip but aren’t yet sure of your destination, running a search ‘everywhere’ via Skyscanner can help find the countries that offer the best value flights at any time.
· Compare and contrast: using Skyscanner allows you to compare the widest range of airlines and online travel agents, so you’ll be able to see where you can get the best deal.
· Track prices: Keeping an eye on the flight prices a few months prior to travel is the best way to find a good value flight. Setting up the flight tracker price alert service, either by email or via the app can help monitor when prices drop on a chosen route. Not sure how to set up price alerts? Learn how with Skyscanner’s quick and easy guide.
NB: There is no golden rule or set date when all flights are at their cheapest. However our hope is that by sharing our knowledge and providing you with the tools to do your own research, you will feel confident in making an informed decision when it comes to booking your flights.