Farecast Summer Forecast Reveals Fares to Europe Soar
Fly shoulder seasons in May and September to save $350 per ticket on average to Europe
SEATTLE– March 20, 2008 — The Fareologists at Farecast.com, the smart travel search site, issued their 2008 summer forecast today, uncovering effective summer travel planning strategies for domestic and international travelers. Farecast data reveals that peak summer fares to Europe are 10 percent higher than 2007 and that traveling to Europe during peak season, costs on average 250 of the off-season averages. Savvy travelers who travel to Europe during the shoulder seasons - May and September - can save $350 or more per ticket.
Farecast's Summer Travel Strategy #1: Know When to Fly
The first component to any good travel planning strategy is knowing when to fly. For flights to Europe, travelers should first look to travel during Europe's shoulder seasons. Choosing the right day of the week to fly can also significantly impact fares. The most expensive day to depart is Saturday, while the least expensive days are Tuesday and Wednesday.
For domestic flights, travelers who are willing to wait until late August or early September can find values. Domestically, Sunday is the most expensive day to fly, while Tuesday and Wednesday remain the least expensive. Flying Tuesday to Tuesday can save a family of four $220, or $55 per ticket, on average.
The chart included illustrates the dramatic savings of flying during these shoulder periods for European travel:
Farecast's Summer Travel Strategy #2: Know When to Buy
For peak summer travel (early June through late July), buying early or late is the best strategy to get the lowest price on airfare. Booking travel in February, March or earlier will provide travelers the most options and significant savings. While now may be too late for some of the best deals, some sales can still pop up in early spring and staying flexible is the key to finding good deals.
For travel to Europe in July or August, consumers could wait as little as one or two months before departure and hold out for mid-summer sales. In 2007, this strategy worked well for travel to London (LHR), but was riskier for popular destinations such as Paris (CDG) or Rome (FCO). For domestic and European trips in late-August or September, consumers can wait for end-of-summer sales which happened throughout July last year for domestic travel, and at the end of July for European travel.
Farecast's Summer Travel Strategy #3: Know Where to Fly
For consumers who must travel during peak times, choosing the right destination is a good strategy. During peak periods, consumers can still save more than $200 per ticket by choosing the right destination. For example, as of March 20, 2008, summer airfares from Boston (BOS) to Rome (FCO) were averaging nearly $1,350, while fares from Boston (BOS) to Madrid (MAD) were more reasonable at $1,150. San Francisco (SFO) to Paris (CDG) averaged over $1,550, while San Francisco (SFO) to London (LHR) came in at $1,200.
"With the weakening dollar abroad, climbing oil prices, and peak summer fares to Europe soaring 10 percent higher over summer 2007 fares, consumers need to be more strategic this year about their summer travel plans," said John Rauser, a Farecast Fareologist. "Consumers can make small adjustments, such as changing the day of week they depart or selecting alternative destinations to save money and stay on budget for their summer trips."
Farecast Fareologists offer these additional summer travel strategy tips:
- Buy Summer Airfares To Europe Early or Late: Based on fare sales in 2007, the best summer travel planning strategies involve either buying early - three months or more before departure - or for less popular destinations, waiting to capitalize on sales that pop up one to two months before departure.
- Consider Alternate European Airports for Multi-Country Tours: When planning a multi-country tour, shop less popular airports as your starting point. For example, fares to London (LHR) are typically $200 less than tickets to Paris or Rome, while Madrid (MAD) can be an affordable alternative.
- Track End-of-Summer Sales: Domestic and international fares start to dip lower for travel after mid-August. For travelers who are beholden to a school schedule but don't need to be back home until early September, this two-three week sweet spot can be a great time to squeeze in a summer vacation and stay on budget. Consumers planning to book a late summer trip should keep in mind that airlines traditionally launch big end-of-summer sales in early to mid-July. Be sure to use Farecast.com flexible planning tools and predictions to score the best deal.
Farecast's Summer Forecast utilized historical prices for peak summer months including 2-8 day trips in 2,000 popular domestic routes, and 7-14 day trips in 100 popular US to Europe routes. Farecast Fareologists are tracking summer fares daily. Consumers can set up alerts or get free airfare predictions for summer travel at www.farecast.com.
Farecast Airfare Predictions
Unlike any other travel website, Farecast.com saves online travel shoppers money with an airfare prediction for their specific trip. In April 2007, Navigant Consulting tested over 44,000 airfare predictions confirming that Farecast's predictions are 74.5% accurate, and that travelers purchasing two tickets could save an average of $55 by using Farecast's airfare predictions. The company's patented airfare prediction shows whether the lowest fares for their trip are rising or dropping. Farecast.com also provides expected price movements, confidence levels, historical prices and buying tips when customers search for flights. To learn more about Farecast's proprietary airfare prediction, see the Our Technology page of Farecast.com.
About Farecast
Farecast.com is the smart travel search site that helps you buy with confidence. Launched in 2006, Farecast.com empowers you to know when to buy with airfare predictions and know where to stay with hotel rate keys. Farecast is one of Travel + Leisure's Top 25 Websites, received Budget Travel's 2007 Extra Mile Award, PC World's 20 Most Innovative Products, "Best of What's New" by Popular Science, TIME Magazine's "50 Coolest Websites" and one of the "Best Trip Planning Tools" by Business Week readers. Farecast is headquartered in Seattle, WA. Buy travel smarter at www.farecast.com.
# # #
Media Contact:
Anne Taylor Hartzell
206.850.6501
anne@farecast.com
Spark PR for Farecast:
Lisa Chan
415.321.1885
lisac@sparkpr.com