Are you missing out on cheap travel deals by booking at the wrong time?
According to skyscanner.com.au, three-quarters of Australians lose out on cheap international flights by booking at the wrong time, and as many as nine in 10 miss out on interstate travel bargains and end up spending up to 30 per cent more than the average airfare.
According to Skyscanner data, the best time to book international flights is 22 weeks in advance – the sweet spot for many airfare bargains.
As an example of the savings on offer, a Sydneysider travelling to Hong Kong can save up to 12 per cent on airfares if they book 23 weeks ahead. It is still possible to get very good deals at 12 weeks from your travel date.
For domestic flights, the best prices often surface 21 weeks in advance. Domestic fares are not priced consistently all year round. For example, it is possible to save 18 per cent on a Sydney-Melbourne trip if the booking is made 22 weeks in advance.
According to Skyscanner 42 per cent of Australians book at the last minute and this attitude comes at a huge cost.
Skyscanner has also found data on the cheapest months of the year to travel and the result is emphatic thumbs up for May, with savings averaging 13 per cent for all domestic and international destinations.
Unsurprisingly, December is the most expensive month to fly, with the holiday season seeing prices surge as high as 32 per cent on average.
Are you a last-minute traveller? How far in advance do you book your flights?
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