Living in France has many benefits except for the fact that it gets pretty damn expensive flying back to north America to see friends and family. I am constantly on the hunt for deals
I have a very simple research method that helps me systematically find the best time to buy airline tickets at or close to the cheapest price point for a given time period. By the end of this article, you will be able to conduct your own research and find some great travel deals using a variant of my research process. It’s not full proof but it works most of the time.
First the bad news.
Trying to find the cheapest airline tickets is a bit like gambling; there is no ONE SINGLE method that will guarantee you always find the absolute cheapest airline prices.
However, there are certain patterns and rules that savvy travellers can and do follow that help guide them towards cheaper price points. Once you know these general rules, you will also be able to use these rules to help guide you and systematically buy airline tickets below the AVERAGE price or normal ticket prices.
**It is better to try and get ticket prices below the average rather than try to get the cheapest tickets. If you keep waiting for prices to drop to rock bottom prices, you could miss your window by waiting too long before they go shooting back up. Sounds like the stock market doesn’t it?
I always get a feel for the average and then buy below the average. you can’t loose that way.
Once you know the average or have a baseline, you can then try to get a flight that is cheaper than that using some basic rules. Let’s get started
Get Your Research Tools Ready
Before we get started, you should first choose your research tools.
Choose An Airline Consolidator:
An airline consolidator or airline aggregation is simply an airline comparison tool to search for the cheapest flights all at once. Example: I use sites like Expedia.com, sky scanner.com and OneTravel.com
to name a few. If you have your own favorite than use them.
Method to record prices: Next, you will need something to record the prices by date. I use a spreadsheet but you can use a piece of paper or a word processing document. You will use this over the course of a few days or even weeks depending on how in depth you want to watch and compare prices.
Now that you have your tools, let’s get started.
Choose A Date You Want To Travel
1- Buy your tickets in Advance! How Far In Advance?
There is one simple rule that most experienced travellers agree on and that is….“You will save the most money by buying your tickets in advance”
Just how far in advance is where even the experts tend to disagree or split hairs between 3 to 8 weeks in the future.
8 Week Rule:
An economist named Mr. Watanabe created a formula that he claims can calculate the best time to buy the cheapest advance airline ticket. **source Guardian (UK)
The formula looks like this– Why ∏A = gUG + min(k-g, (1-g)(1-r)). Just in case you don’t speak math, let me interpret for you. The best time to buy cheap airline tickets is about 8 weeks before you intend to fly.
Cheap Air came up with a similar number when they analysed all flights sold in 2013. They discovered that the cheapest flights were bought 54 days, (7 weeks and 5 days) in advance,
21 Days for Domestic, 34 Days for International:
According to Kayak, the best time to buy cheap airline tickets for domestic flights is 21 days in advance and 34 days in advance for international flights.
Do you see how different and far apart these two-time periods are?
In short, you need to buy your ticket at least 3 weeks in advance but not more than 8 weeks in advance.
Price Alerts
I like to sign up for price alerts via email for my given date and destination. These alerts are emailed to me and tell me whenever there is a price hike or drop for my future trip.
2- Fly Out On A Tuesday, Wednesday Or Saturday:
The day you depart can make a hug difference in ticket prices.
Some people claim it is most expensive to fly out on a Sunday probably has something to do with the fact that lots of people are clamoring to get back home or work in time for the beginning of a new work week on Monday.
All those people drive the ticket prices for that particular day.
3- Can You Plan Your Trip During The Shoulder Season?
There are three travel season. High, shoulder and low. High being the most expensive time to travel and low being the cheapest.
- Shoulder Season: In my opinion, shoulder season is the best time to travel. Not only do you get great deals on cheap flights, you also still benefit from the lingering good weather from the peak season but without all the touristy crowds. Instead of waiting 3 hours to visit the
Eiffel tower during peak season, you could wait just 10 minutes or not at all during shoulder season.
Shoulder season falls smack dab in the middle of high and low season.
Generally speaking, shoulder season falls somewhere between April – mid-June, September, and October but be careful because shoulder season can also vary by destination:
For example, Thailand’s shoulder season tends to be short, falling during the month of June right after the rains have cooled the earth and right before the tourists arrive in July.
Paris’s shoulder season is from April to May and November to December.
**shoulder season usually does not fall within January, February, July, and August.
- Low or Off Peak Season: If you want rock bottom prices, virtually no crowds and a more authentic local experience due to the lack of tourists and crowds than consider low or off peak season. Just one thing, the weather is usually pretty bad during low season. Depending on where you go during low season, you can expect monsoons, hurricanes and cold rains
4-Shop for tickets in the afternoon:
Afternoon: Ticket prices fluctuate throughout the day just like they do in the stock market. According to Watanabe’s formula, ticket prices are generally cheapest in the afternoon.
I don’t personally track at this level of granularity and I can’t imagine that the price difference could be that great in the morning vs the afternoon. If you know differently let me know in the comments below.
5- Shop On A Tuesday Or Wednesday:
Many sources and fellow travellers agree that in general, it’s best to shop for the cheapest airline tickets on Tuesday and Wednesday. I have found that cheaper tickets can also be had on a Thursday. This is why it’s important to do a little research .
Start your research
Now that you know the general rules for when to find the cheapest airline prices, you can start doing your research.
Get your piece of paper or spreadsheet ready.
Choose an airline aggregator like Expedia.com, or OneTravel.com
.
Pick a date or period when you want to go and input it into one of the aggregators.
Your results page will look something like this depending on what aggregator you use.
Notate the cheapest flight, the dates and the carrier.
Record your findings. I like to record the day and day I searched but you could add anything you like time of day you searched too.
Tracking the results like this, helps you see patterns and become familiar with what is a good deal and not a good deal.
I typically record check prices every day for several weeks or a few days. It just depends.
If I see a trend where prices are declining, I wait until I think the price is well below the average. Or, if I see that prices keep rising, I may decide to buy before they get too high. Once you do this a few times, you will develop a good sense and know when and what is a good deal.
Conclusion
Remember that these tips are here to guide you. Use them as a guide and as a starting point to search for the cheapest airline tickets.
Alternatively, you could just skip all the research and use the 5 tips I mentioned above to book a cheap flight.
They should get you pretty close to the best deal you can find at prices below the average.
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