Purchasing a flight always brings up a nagging internal debate—buy now, or wait for the price to (maybe) drop?
Airfares have been pretty high for holiday travel this year, with rates climbing as prime travel dates get closer. Among our travelers, we found that people paid an average of 6% more for flights booked less than 30 days out, 15% more less than 14 days out and 26% more less than 10 days out. It seems there is a rule of thumb that may lay the internal debate partially to rest—it pays to book at least 30 days ahead!
Although you might mutter “bah humbug” if you weren’t able to book your flight until the last minute, TripIt Pro can offer you a saving grace (literally!). Over the holiday season, we have seen about 6% of TripIt Pro members secure an airfare refund, with an average value of $150. Frontier Airlines comes in at the top, with 37% of flights booked by TripIt Pro members eligible for a refund, average value $179. Delta Airlines has a lower refund eligibility rate (1.4%), but has awarded the highest average refund of $400.
Let us know if you scored any great savings on holiday travel this year, or if you haven’t and need to vent your inner Scrooge.
Safe travels and Happy Holidays!