How do you know if you snagged the best deal on a hotel room? It turns out, when you book has a lot to do with how much you save.
How do you know if you snagged the best deal on a hotel room? A travel industry leader answered that question by asking me another question. “How do you know if you’re going to heaven? You don’t know for sure but you have faith,” he said.
To bolster our faith in getting a good hotel deal, TripAdvisor, an online booking site, analyzed bookings in nine popular regions and in 25 popular cities around the world for June, July, and August. The “best time to book” is when hotel prices are less than the average for that destination.
When is that? It depends. “The report shows there are a variety of time periods during the year when it’s ideal to book on TripAdvisor depending on the destination,” says Brooke Ferencsik, senior director of communications, TripAdvisor. And “less” doesn’t necessarily equal significant savings.
For the US, the analysis shows that reserving a room within two months of a summer trip nets you the best rate, but that fee translates to just 7% less than if you booked further ahead.
For European hotels in summer, start booking now. Reservations three to five months out can get you up to a 23% reduction in price. For a room in the Caribbean, book within four months and save 7%.
The Best Times to Book Hotels for Summer in Popular World Cities for Travel:
Bangkok — Within 3 months for 16% savings
Barcelona — 2-7 months out for 27% savings
Beijing — 2-6 months out for 16% savings
Berlin — 2-5 months out for 33% savings
Buenos Aires — 1-4 months out for 19% savings
Cancun — 2-4 months for 16% savings
Cape Town — Within 3 months for 13% savings
Dubai — Within 2 months for 40% savings
Dublin — 2-5 months out for 14% savings
Hanoi — Within 3 months for 16% savings
Istanbul — Within 5 months for 29% savings
Jakarta — Within 3 months for 39% savings
London — 3-5 months out for 18% savings
Marrakech — Within 4 months for 28% savings
Moscow — 4-7 months out for 55% savings
Mumbai — Within 3 months for 17% savings
New York City — 2-4 months out for 25% savings
Orlando — 1-4 months for 10% savings
Paris — Within 4 months for 32% savings
Prague — 2-5 months for 33% savings
Rio — 3-5 months out for 11% savings
Rome — 3-5 months for 32% savings
Singapore — 2 weeks to 5 months for 26% savings
Sydney — Within 5 months for 34% savings
Tokyo — 2-5 months for 31% savings