NEW YORK, Aug 4, 2014 /PRNewswire/ -- Don't wait another day to book flights for the Labor Day weekend. New research from Fly.com(TM) 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 9(th) 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).
Fly.com(TM) (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).
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.
Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect," "predict," "project," "anticipate," "believe," "estimate," "intend," "plan," "seek" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions, and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Travelzoo and Top 20 are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.
Fly.com, North America
+1 (650) 930-0527