Early bird catches the cheaper airfare

first_imgPlanning ahead can save you big bucks, according to research, that found travellers could pay up to 116 percent more for an airfare purchased one day before travel compared to a ticket booked three weeks earlier.A FCm Travel Solutions study on tickets for the departure date of 5 July found tickets purchased 21 days before the date were at an average cost of $105, while the ticketing price for the day before departure shot up to $227.The company’s regional general manager Nick Queale said the study indicates that last minute tickets with most domestic carriers experience significant price rises and leisure travellers as well as business could benefit from booking early.“Buying tickets in advance is an important strategy for passengers to keep in mind particularly if you’re travelling in peak periods such as Christmas or school holidays when there is a higher demand for air travel,” Mr Queale advised.“For companies looking to reduce their business travel costs we recommend implementing an ‘advance purchase’ policy into staff travel guidelines to ensure maximum savings across all employee travel.”According to the study, even purchasing the ticket 11-20 days before departure can see an average 17 percent increase in cost to up to $123 while a ticket paid for two to five days before departure will rise by up to 43 percent to $150. “It’s crucial a business has access to experienced account managers that have the reporting technology and the airfare experience to know how to capture and benchmark this kind of data,” Mr Queale concluded.“Companies can use this information to improve the way they buy travel to increase savings over the long term.” Source = e-Travel Blackboard: N.Jlast_img read more