New Report Suggests Timing Matters Most When Booking Travel
ARLINGTON, Va. – Feb. 13, 2019 – Airlines Reporting Corporation (ARC), in collaboration with Expedia Group today released its fifth annual comprehensive study of worldwide air travel trends: 2019 Travel Pricing Outlook. Analyzing data from ARC's global database of over 2 billion flight segments, ARC and Expedia Group analyzed air ticket purchase trends for the world’s most popular domestic and international routes. This year’s report also includes money-saving strategies for booking hotels.
The study’s key finding indicates that purchase timing and trip longevity can influence the cost of an air ticket or hotel room. The research also suggests that common beliefs about ticket cost vs. route structure may not be true in all cases and that travelers should consider other factors like travel stress and schedules before booking. Some significant study findings suggest that:
The complete study is available free online here.
Chuck Thackston, managing director of data science at ARC says that for around three-quarters of trips, quantifiable savings can be realized by travelers who extend their weekday trip to include a Saturday night stay. “The savings opportunities by extending mid-week travel over a weekend is a new and valuable finding for travelers. The industry has talked about ‘bleisure’ travel for a while, and we have been able to quantify the real savings for travelers around this concept. It's something that people who love to travel should start to incorporate into their plans,” said Thackston.
The report also analyzed influences on airfare pricing to help inform the decisions that keep travelers awake at night. Greg Schulze, Expedia Group’s senior vice president, commercial strategy and services explained that many people find it incredibly difficult and time-consuming to make travel decisions: “Research tells us that travelers often make up to 50 searches before deciding on a flight. Our analysis of more than 50 billion flight searches can help all travelers in the hunt for the right flight at the right price,” Schulze said.
As a leader in air travel intelligence and omnichannel retailing, ARC provides platforms, tools and insights that help the global travel community connect, grow and thrive. ARC enables the diverse retailing strategies of its customers by providing innovative technology, flexible settlement solutions and access to the world’s most comprehensive air transaction dataset. In 2019, ARC managed more than $97.4 billion in transactions between airlines and travel agencies, representing more than 302 million passenger trips. For more information, please visit arccorp.com.