An Expedia study of air travel trends confirmed that travelers get the lowest price on airfare when they book on a Tuesday. The study, done in partnership with Airlines Reporting Corporation (ARC), highlighted trends and gave an outlook for travel in 2015.
Preparing for Take-Off: Air Travel Trends 2015 was compiled using data from ARC and Expedia, an online travel source where people can make airline, hotel, vacation package and car rental reservations. It covers key points such as when to buy tickets for the least amount of money, the different values of economy, first-class, business, coach and premium seating, and a travel price forecast for 2015.
Planning ahead pays off — and don’t rule out first class
When it comes to getting the best deal on air travel, the study concluded that people should purchase tickets at least two months in advance for domestic travel, and six months ahead for international flights. If folks are booking tickets at least three weeks ahead of time, Tuesday is their best bet. However, when buying last-minute tickets, all bets are off. Reasonable fares may still be found, but there is little predictability to when they will be available.
Flying first-class may seem out of reach to some people, but in fact, the Expedia study showed there isn’t as huge a price difference between economy and premium seats as one might think. Depending on the route, a premium fare may even offer the most value. Consumers should consider the perks of flying first class before ruling it out, according to the report.
Demand for air travel will continue to increase in 2015, and it will be met with increased capacity. Expedia and ARC anticipate that fuel prices will drop, causing a subsequent drop in airline fares. The reports said travelers should keep their eye out for lower-priced tickets to many destinations throughout North America and Europe next year.
“The combination of increased demand met with increased capacity, coupled with lower fuel prices means one thing: it’s good to be a traveler in 2015,” said Greg Schulze, a senior vice president at Expedia.
The full report is available here.