Holidays are generally a highlight of the year for many Britons. However, they can often end up being quite expensive once everything is factored in. One way to make sure you don’t end up spending more than you bargained for is by being savvy with when you book.
Nagle explained that hotels are likely to become cheaper closer to the holiday date while flights get pricier.
“Flights will grow more expensive the closer you get to a particular holiday, but hotel prices are likely to remain flat or even decline,” said Nagle.
“Priceline looked at all major holidays for 2020 and found that this pattern repeats for each of them.
“Within two weeks of a holiday, flight prices begin to rise, and you might end up paying £100 extra, or more, for a seat if you book within two weeks of departure.
“This is basic supply and demand; as flights fill up, the remaining seats are priced higher.
“Hotels, on the other hand, will grow more competitive for your business, and that competition tends to result in better rates.
“The closer you wait to the day of check-in, the likelier the prices are to fall.
“This is true because there are infinitely more hotels than there are flights, and hotels compete every day and all day for business.