While a lot of airlines will offer sales at the beginning of the work week, if you can't find a special deal, you might save some money by booking your flight during the weekend.Researchers from Texas A&M University analyzed flight pricing data from 2004, and found that on routes frequented by both business and leisure travelers, flights were 7% cheaper on average when booked on a weekend. Since the same discrepancy didn't apply to tourist-heavy destinations like Orlando or Las Vegas, the researchers theorized that business people using corporate credit cards typically booked their flights during the week, but budget-conscious leisure travelers paying out of pocket tended to plan their trips over the weekend, forcing the airlines to offer better deals on Saturday on Sunday. Depending on your destination and airline, it might not make a difference for you, but it's a trend worth keeping an eye on next time you're planning a vacation.Of course, you can always maximize your savings by booking about two months before your flight, and by using sites like Kayak to comparison shop among all of your options.Price Discrimination by Day-of-Week Purchase: Evidence from the U.S. Airline Industry (PDF) | Texas A&M University via Main StreetPhoto by Chalabala (Shutterstock).
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Wednesday, October 23, 2013
Book Certain Flights on Weekends For Cheaper Fares
While a lot of airlines will offer sales at the beginning of the work week, if you can't find a special deal, you might save some money by booking your flight during the weekend.Researchers from Texas A&M University analyzed flight pricing data from 2004, and found that on routes frequented by both business and leisure travelers, flights were 7% cheaper on average when booked on a weekend. Since the same discrepancy didn't apply to tourist-heavy destinations like Orlando or Las Vegas, the researchers theorized that business people using corporate credit cards typically booked their flights during the week, but budget-conscious leisure travelers paying out of pocket tended to plan their trips over the weekend, forcing the airlines to offer better deals on Saturday on Sunday. Depending on your destination and airline, it might not make a difference for you, but it's a trend worth keeping an eye on next time you're planning a vacation.Of course, you can always maximize your savings by booking about two months before your flight, and by using sites like Kayak to comparison shop among all of your options.Price Discrimination by Day-of-Week Purchase: Evidence from the U.S. Airline Industry (PDF) | Texas A&M University via Main StreetPhoto by Chalabala (Shutterstock).
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