When you are looking for air tickets, your odds of finding the best deal improves when you buy the tickets on weekends. A thorough research into the airfares let us know that Sunday is the best day to land on the lowest fares. While the conventional wisdom developed over the recent years say Tuesday is the best bet for cheap ticket booking, this new finding challenges this view.
The average lowest fares
Airlines Reporting Corporation, the organization that is meant for processing tickets for travel agencies and handles about half the volume of all the tickets sold has published the results of its study very recently for a 19 months period covering the sale of 130 million tickets worth $94 billion. The report says the lowest average price was noted at $432 for bookings on Sunday with the Saturday average prices noted at $439 and the Tuesday average at $497.
Ticket prices to cities that attract business travel including Chicago are found to fluctuate significantly when compared to the leisure market, says the company named Hopper. The factor behind the change is this. While beginning their work week on Monday, most airline executives only look forward to raise fares and not to discount them until the seats are filled. Despite the plunging in the prices of oil, airlines have put through a fare hike of $2 each way across the board. Also, prices are going up on account of the rising demand for the limited available number of seats.
Impact of the social media
The lowest prices noted on Saturday and Sunday is due to the fact that the social media have facilitated airlines to throw discounts before the customers on any day and at any time. the findings indicate that there is no corporate sales on weekends as most business travellers usually fly on expensive tickets when compared to the vacation travellers.
Never overlook booking on Tuesdays
If you are searching for the lowest fares, you must not give up exploring for the prices on Tuesdays. This is because most airlines announce most frequent price drops on Tuesdays that open up the possibility of finding some good deals. Incidentally, Tuesdays are the busiest days for domestic ticket sales and also cheapest of the entire workweek despite all the weekdays hovering around $500. Industry experts state that though most carriers go out with sales and emails on Tuesdays, most offers might still be open on weekends to meet the needs of the increased volume of bookings by leisure travellers. This is more prominent at a time when tablets have made shopping more accessible. Industry experts also add that the customers of today have more time to look for personal travels on weekends.
Researching is the key
A study by ARC that oversees the ticket sales in the U.S. indicates that the cheapest time to buy airline tickets for domestic travels is 57 days before departure. Since most travellers do not book that early, it is most likely that the average price rates are over just one month before the departure date letting the prices climb up the steep ladder. International prices do not fluctuate much between 10 months and 3 months before the travel date. So, more than going by the general opinions, you will have to take a more research based approach to finding the lowest fares.