Welcome to Part Two of how to find the best deal on your next vacation. If you missed Part One, you can click here to go back and take a look at what all we covered then. We get a lot of calls and requests for last minute deals for places like Cancun or Jamaica and believe me, they are out there but they aren’t always what they seem nor are they always exactly what you wanted in the first place 3 months ago when you started planning your vacation.
I mentioned in Part One that personally, I’m a man that plays the odds or averages. And that I have come to learn that that only consistent thing about prices in the business is that they are inconsistent. No one knows all the answers nor do we know what is going to happen tomorrow when it comes to prices on vacations. So today were are going to talk about the myth that is “Waiting until last minute to book your vacation will be the best deal.” This is the Part Two of a three part series so stay tuned for more answers in my next blog.
Waiting until last minute to book your vacation: Waiting until 30 days or less to book your vacation can save you money IF and ONLY IF you are wanting to travel in the off season time frame or if you really don’t care about the quality of your resort. Keep in mind the best resorts and the best flights and the best travel dates are the best because everyone wants them! Therefore, if you are traveling during peak seasons such as Spring Break, Summer or Holidays such as Easter or Christmas, booking early will almost be guaranteed to be less expensive if you book as early as 10 months in advance. For example, if you want to travel during Spring Break next year, I will suggest that you book your vacation no later than Christmas the year before. Last minute deals are normally for mid to lower level resorts that need rooms filled or for flights that are on mid-week flights that the airline could not fill.
I’m not saying you can’t wait and try to look for last minute deals because like I said, they do exist but keep in mind that in many cases a last minute deal is going to save you $50 a person or maybe $100 a person. The Odds are (remember I’m an odds guy) that the prices will go up as the planes fill, because that’s what they do on a regular basis. Airlines don’t have people who check their own prices and change them all day long, they computer programs that are written in such a way that the airline is going to make as much money as they can. Think of it this way, if you go to the casino, no matter the game you play the odds are that the house is going to win. Does someone walk out of there with a penny slot jack pot on a Wednesday at 9:47 am? Sure, it happens. But how many people walk out of that casino with less money than when they walked in? That’s the same with waiting until last minute to book your vacation, you are beating against the house and the house (airlines) normally win.