TripAdvisor, the travel planning and booking site, has revealed the best time to book holidays in different regions to get the cheapest deals in its "Best Time to Book" report.
Traveller’s perception of when the best hotel rates become available does not always match the reality, according to the travel company.
Booking travel last minute is often considered a great way to get the best deal, but the travel giant claims last-minute reservations don’t provide the biggest savings and depend on destinations.
TripAdvisor analysed hotel booking and interest in nine popular regions around the world for the summer months of June, July and August.
For British travellers planning a summer holiday in Europe, the best time to book their hotel is between three to five months in advance, when they can save 23 per cent compared to peak prices, the study found.
Tourists can save as much as 55 per cent on early bookings to Moscow.
But booking this far in advance could be counter-productive for UK travellers heading to Asian destinations.
Dubai has the shortest lead time with the biggest savings to be made by booking within 2 months of the trip. It's followed by Jakarta, Mumbai, Bangkok and Hanoi respectively, which all offer the best deals when booking within three months of your trip.
“What is interesting is that those who book either very early or very last minute are rarely getting the best deals. For many destinations, hotel prices actually tend to reach a low a few months in advance of the trip,” said James Kay, TripAdvisor spokesperson.
