There are a host of holiday bargains to be had as sunseekers rush to getaway after months of travel restrictions, but costs won’t remain low for too long. But with the cost of living crisis becoming more apparent, concerns over the price of a trip are arising.
According to recent research, almost 20 per cent of UK travelers are seeking money-saving tips on their next trip, so Expedia and Airlines Reporting Corporation (ARC) are sharing their ultimate travel hacks guide to help navigate booking a break in 2022.
Based on data from ARC, average ticket prices (ATPs), airfares hit their lowest levels in December 2020 and January 2021, though as confidence in travel grew. However with a steady increase in demand, particularly over the summer, ticket prices have started to normalize to pre-pandemic levels.
Meanwhile, ATPs for international flights have steadily increased over the year, however prices are still on average 15 percent lower compared to 2019. Knowing what day to book, how far in advance, and what day to travel is key to saving on costs.
Optimal Booking Window
- For domestic flights, Britons have started to book their trips further out in advance. Share of flights booked nine and more weeks in advance increased from an average of 20 per cent in 2019 to an average of 25 per cent in 2021.
- For international flights, the share of flights booked nine and more weeks in advance increased from an average of 40 per cent in 2019 to an average of 45 per cent in 2020 and 50 per cent in 2021.
Ideal day of the week to book
- Book a domestic flight on a Sunday rather than a Friday and it’s possible to save around 20 percent.
- For international flights, the same rules apply but the saving is a little less at 15 percent.
Ideal day of the week to travel
- Travelers typically think that Tuesday is the best day of the week to fly domestically, but the ideal day is actually Friday with savings of around 20 percent.
- Again, flying internationally on a Friday will help to save about 10 percent.
Best month to travel
Being flexible when it comes to flying is a great way to save on flights, so when holiday booking it can be worth looking at flights first before deciding on the month.
- If flying in the UK then the best month to go away is in November where it’s possible to save up to 45 per cent on costs.
- If escaping to somewhere a little more exotic, the ideal month to travel is September with a saving of up to 40 percent.
Traveling in luxury is now cheaper ever, with a steady decline in costs over the last few years with premium tickets costing 380 percent more that standard in 2019, but this dropped to 250 percent more in 2021.
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Accommodation savings tips for 2022
Costs of stays in the UK are still quite high but there are some tricks to use for a good deal. Studies show booking domestic accommodation on a Friday can help travelers to save five per cent. If booking an international holiday then do this on a Wednesday and to save up to five per cent.
Choosing to start a domestic or international holiday on a Monday could see travelers saving up to 10 percent.
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