With 2015 coming to a close, travelers are looking ahead and making vacation plans for the coming year. Travel companies are wondering: Where are people headed, and how much do they plan to spend? And consumers are trying to find the best bargains.
TripAdvisor, Travelex and Expedia surveyed and analyzed travel habits to predict trends in the new year. Here are some of the highlights to keep in mind when booking your next trip.
Best air ticket deals
Expedia’s “Air travel outlook for 2016” advises that the best time to buy an economy ticket for travel within North America is roughly 57 days in advance, based on prices from the first 10 months of 2015. For travel from North America to Europe, buy 176 days in advance, for about 11 percent savings. Buy 77 days ahead of your departure date if you’re planning a trip to the Caribbean from North America.
The company predicts the best ticket bargains by analyzing 8 billion searches on all of the company’s websites, in addition to Airlines Reporting Corp.’s information on more than 10 billion passenger flights and other industry data sources. The report found that economy-class ticket prices declined globally about eight percent between October 2014 and October 2015. July and August experienced the biggest dips in price of this year.
2015 was a great year to travel to Europe and visit different countries within a stay; intra-Europe flights were on average 17 percent lower than in 2014. Because of the current strength of the U.S. dollar against the euro, the trend should continue at least for the beginning of 2016.
North America to Asia-Pacific travel economy ticket prices also experienced a decline, falling 13 percent from the previous year.
Travelers are committed to finding the best deals and base travel plans on ticket prices. Before booking a flight, they search an average of 48 times on eight sites.