As The Wall Street Journal reported earlier this month, sometimes it pays off big time for travelers who wait until the last minute to book their plane, hotel, or cruise reservations. That’s because many operators are forced to drop prices at the last minute because of low demand and a difficulty in predicting sales, especially in rocky economic times. I touched on this subject a bit already, but think it’s an important one for travelers to remember.
Airlines usually raise prices significantly during the two weeks prior to a flight departure date, but that hasn’t been happening lately. Instead of watching the prices go up, patient travelers are watching them go down.
And thrifty travelers who are reluctant, in general, to book in advance have recently been making reservations last minute, making it difficult for the industry to predict sales volume and, therefore, rates.
I left a comment on the article, but silly me didn’t realize a coworker had already signed in with his name on the computer I was using! Shush, Baby Boomers are allowed to make Internet mistakes every so often! Have a look!