Airfares Likely to Jump after August 9
NEW YORK, 2014-8-5 — /Travel PR News/ — Don’t wait another day to book flights for the Labor Day weekend. New research from Fly.com™ finds that failing to book Labor Day flights before Aug. 9 could cost travelers an additional 30% or more.
The study, which used popular Labor Day destinations from years past to analyze price trends, discovered that – not surprisingly – the earlier a traveler books a flight, the better the price of the ticket.
Fares increased by as much as $174 between Aug. 1, 2013, and Aug. 22, 2013, depending on the destination.
However there is still time to purchase a flight before fares significantly increase. Historical data shows a clear sweet spot for Labor Day bookings made in early August. While prices fluctuated last year prior to Aug. 8 (going up and down +/-10%), all markets experienced a dramatic price increase
three weeks (Aug. 9-16) before Labor Day. In some instances, the fare increase during that period was as much as 33%.
If history repeats itself, then the window of opportunity is closing for travelers to score lower Labor Day fares.
“It is not unusual for airlines to bump up their prices to capitalize on last-minute bookings,” said Warren Chang, vice president and general manager, Fly.com. “Waiting to book flights for Labor Day travel can come with a hefty price tag. Our latest study shows that Americans should try to book their holiday flights before August 9th of this year.”
Fly.com used data collected from more than one million user searches and extracted domestic flights with departure dates between Aug. 28-31, 2013, and return dates Sept. 1-4, 2013. The study period included all searches conducted between July 15 and Aug. 22, 2013, to Chicago, Fort Lauderdale, Honolulu, Las Vegas, Los Angeles, New York City, and San Juan (Puerto Rico).
To find the best fares for Labor Day travel visit www.fly.com/laborday, or use Fly.com Fare Calendars to identify the cheapest days to fly.
About Fly.com
Fly.com™ (www.fly.com) is the world’s easiest-to-use airfare search engine available in the U.S., U.K., Canada and Germany. Fly.com scours major U.S. airlines, international carriers and online travel sites, and then helps people easily sort and refine results by criteria such as number of stops and departure times. Unlike online travel agencies, Fly.com is not a booking engine. Instead, users are referred to their preferred website for direct booking. Fly.com is owned by Travelzoo Inc. (NASDAQ: TZOO).
About Travelzoo
Travelzoo Inc. is a global Internet media company. With more than 27 million subscribers in North America, Europe, and Asia Pacific and 25 offices worldwide, Travelzoo® publishes deals from more than 2,000 travel, entertainment and local companies. Travelzoo Deal Experts review offers to find the best deals and confirm their true value. In Asia Pacific, Travelzoo is independently owned and operated by Travelzoo (Asia) Ltd. and Travelzoo Japan K.K. under a license agreement with Travelzoo Inc.
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Media Contact:
Michelle Erickson
Fly.com, North America
+1 (650) 930-0527
merickson@fly.com