Planning Fall Holiday Travel: Tips from Economists for Booking Low Prices
As the holiday season approaches, many travelers are starting to think about their Thanksgiving, Christmas, and New Year’s travel plans. According to Hayley Berg, lead economist at Hopper, now is the time to start planning and booking your trips if you want to secure the best prices.
Berg emphasizes the importance of booking in October, as this is when prices are typically at their lowest. She notes that the window for low prices is brief but can pay off significantly for those who take advantage of it. If you miss this window, Berg suggests keeping an eye out for Travel Tuesday, which falls on the Tuesday after Thanksgiving, Black Friday, and Cyber Monday. On Travel Tuesday, the entire travel industry typically offers sales and discounts, making it a good time to snag a deal.
While planning your holiday travel, it’s essential to be aware of potential complications that come with traveling during the holiday season. Sally French, a travel expert at NerdWallet, warns that holiday travel can be challenging due to unpredictable weather and larger crowds. To ensure you get the best value for your money, here are some tips to consider.
When to Book for the Lowest Prices
According to Hopper’s 2024 Holiday Travel Outlook report, prices for holiday travel are slightly higher compared to last year. For Thanksgiving flights (defined as departures from Nov. 24 to 28), the average round-trip cost is currently around $298, up 10% from the previous year. Prices are expected to drop by about $40 on average until they reach their lowest point in early October, aligning with 2023 levels.
Similarly, Christmas trip fares (the week of Dec. 21 to 25) are averaging $406 per round-trip booking, up 4% from last year. Prices are expected to decrease by approximately $80 until they hit their lowest point in October. Berg advises travelers to book their holiday travel now to be prepared for the price drops in October.
For those who prefer last-minute bookings, Berg suggests keeping an eye on Travel Tuesday, which falls on Dec. 3 this year. On this day, travelers can find significant discounts on hotel stays, airfare, and rental cars, making it a good opportunity to snag a deal for Christmas or New Year’s travel.
Avoiding Holiday Travel Complications
During the holiday season, disruptions are more likely to occur due to the increased number of flights and passengers. Berg warns that inclement weather and technical malfunctions are the biggest risks during holiday travel. To minimize the impact of potential issues, consider the following tips:
1. **Avoid flying on peak days:** Around Thanksgiving, steer clear of the Sundays before and after the holiday, as they tend to be the busiest days for air travel.
2. **Take the first flight of the day:** Booking an early morning flight reduces the risk of delays and cancellations, as flights are less likely to be affected at that time.
3. **Allow for delays:** If your travel plans are time-sensitive, factor in extra time for potential delays and consider traveling a few days in advance to ensure you reach your destination on time.
4. **Broaden your search:** Explore nearby airports as alternative options for more affordable flights. While it may require a longer drive, it can be worth it to secure better prices and ensure you reach your destination.
By following these tips and being proactive in your holiday travel planning, you can navigate the potential challenges of the season and secure the best deals for your trips.
In conclusion, the holiday season is a popular time for travel, but it can also be a stressful period due to higher prices and increased travel disruptions. By planning ahead, monitoring price trends, and being flexible with your travel dates and airports, you can maximize your chances of scoring the best deals for your Thanksgiving, Christmas, and New Year’s trips. Remember to book in October for the lowest prices, keep an eye out for Travel Tuesday deals, and prepare for potential delays and complications during your holiday travels. With the right strategies in place, you can enjoy a smooth and affordable holiday travel experience.