The best day to book a money saving all-inclusive holiday
If you’ve ever tried to grab a reduced bargain at the supermarket or bought anything on an auction site such as eBay, you’ll know that sometimes getting a good deal is all just a matter of timing. For all-inclusive holidays this rule also applies. But it’s not always a matter of how far in advance you book your holiday, but on which day and specifically what time of day you make a booking.
Surely holiday prices are set in stone?
The price of your break abroad isn’t quite as static as you might feel it should be. It can be influenced by the way that tour operators work. Like any business, tour operators are out to make money, with the aim of making sure that there’s a healthy profit in it for them. This means that there’s not a simple all-inclusive pricing formula. This is along the lines of ‘flight cost + hotel cost + food cost + markup = the cost of your all-inclusive break abroad’. In some respects, it would be pretty great if this was the case, but there’s much more going on behind the scenes.
How do holiday companies work out their prices?
Of course, some of this formula applies as tour operators have a bottom line, profit margins to worry about. But how they work out their prices is based more on a supply and demand model. This model has become more intelligent as the years have moved on. Rather than prices changing when a new brochure comes out, with the advent of the internet the cost of a break abroad can practically be updated in real-time. It’s one of the reasons that you find that holidays are sold at such odd prices, ending in what seem like a random number rather than the traditional 99 format.
How do they update their prices so quickly?
The internet! In previous years, a company would have to look at past performance and changes in trends to figure out what sort of demand there would be for their services. Now it’s easy for tour operators to figure out who’s looking into which holidays and adjust their prices accordingly. They simply by looking at what people are looking at on their websites.
Because it takes time for them to put their prices up if demand increase, there’s a sweet spot when an all-inclusive holiday bargain can be scored.
When is the best time to book an all-inclusive holiday?
Tuesday morning at around 10 am.
Why is Tuesday morning the best time to book a holiday?
It’s the day that holiday companies tend to adjust their prices to account for any shifts in demand. They use the data they’ve gained up until Monday night to decide how much to put their prices up by the next day.
There’s no guarantee that this method will result in a massive saving on your break abroad, but it could help to shave off a few pounds from the total cost. There are of course a few other methods that could help you save some cash.
Are there any dates I should book if I want to save money?
Keeping the supply and demand model in mind, it won’t be much of a surprise to learn that holiday prices shoot through the roof during the summer. Particularly during the school summer holidays. If you can book to travel outside of term time you’ll save quite a bit. But if not it’s generally accepted that Tuesday, Wednesday and Saturday are cheaper days to travel on. Friday and Sunday cost the most.
To put it another way; simply travelling on a different day of the week could result in a much cheaper break abroad.
Is there anything I can do if I book my holiday online?
You can prevent your browsing habits from potentially influencing the price of your all-inclusive holiday by limiting what tour operators can learn from you when visiting their website:
- Browse incognito. If you browse the internet on Chrome or Firefox you have the ability to open an incognito or private window. Just click the 3 vertical dots in Chrome or the hamburger menu icon in Firefox. This will mean that any logins, information about your location and other bits of information that can be used to identify you won’t be visible when you visit a tour operator’s website.
- Clear your browser history. An alternative method to keeping your identity and browsing habits hidden is to clear your web browser history. But keep in mind that for this to work you would need to do this every time you visit another website.
Do you have any other money-saving holiday tips?
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Got any other good tips for saving money when buying a holiday online? Let us know!