Are you traveling this summer but have yet to book your flight? Summer flight price data from travel booking site Hipmunk reveals the exact time you should be adding that trip to your cart. "More people can, and want to travel during the summer months," Hipmunk CEO Adam Goldstein explained to Condé Nast Traveler. "Airlines add flights and seats in the summer, but not enough to satisfy the increase in demand." What does this mean for airfare? As flights get booked while the demand stays strong, prices increase.
Airfare for summer travel is already up 8% compared to 2016. So here's how to save money where you can when purchasing your fight. Booking during the first week of May will save you 33% on flights for June, July, and August. The average domestic flight during that week is $276. After that, prices continue to climb, eventually averaging $369 during the last week of August.
If you're looking to get more bang for your buck, Hipmunk spokesperson Kelly Soderlund suggests looking abroad, especially to Europe. "Booking prices on Hipmunk for international summer travel is down 15% year-over-year," she says. "Our advice is usually to book as soon as your plans are solidified. Waiting for the chance that prices will drop is a gamble that doesn't usually pay off."
Now check out three frequent flyer miles tricks to keep in mind for summer travel.