Hotwire Releases State of Fall Travel Report Featuring Pricing Data, Insights
and Deals for Affordable Autumn Getaways
Data for the Fall Season Shows Slight Price Increases Across Air, Hotel and
Car Rentals, but Canada is Proving to be a Potential Deal Market
SAN FRANCISCO, Oct. 3, 2013
SAN FRANCISCO, Oct. 3, 2013 /PRNewswire/ -- Fall has arrived and with the
change in seasons, Hotwire.com®, a leading discount travel site, today
revealed its State of Fall Travel Report. This forecast gives travelers expert
insight on current trends for the shoulder season period, so consumers will
feel more empowered to take control of their vacations. The industry insiders
at Hotwire have gathered key data for autumn travel and have projected ways to
save on hotel, air and car rental bookings. Based on information collected
this year, Toronto and Vancouver, two of Canada's gems, have emerged as top
deal destinations, with affordable prices across the board.
"Fall trends are still developing, but The State of Fall Travel Report is a
great tool to help budget-savvy travelers nab some shoulder season deals and
add one more getaway before the busy holiday season starts," said Henrik
Kjellberg, president of the Hotwire Group. "Even though rates are slightly up
year-over-year, there are still great deals to be had if you know where to
look and when to book. This fall, popular cities across Canada and the West
Coast seem to be offering savings to inspire any would-be traveler this
Current Hotel Outlook for Fall Travel Season
Pricing: Hotel prices on Hotwire currently are up three percent vs. fall 2012.
What to expect: According to hoteliers, there have been a higher volume of
travelers this year which has raised the demand for rooms this fall and thus
increased prices. However, historically speaking, we hear from hotels that
fall occupancy – i.e. the percentage of filled rooms – has hovered around 50
percent in the U.S. What this means for travelers is that this fall may be
busier than in years past, but it will be far from crowded. So there should
be plenty of opportunities for deals to become available as we move into the
season. This year, be sure to look, or ask for, better deals on family suites,
upgraded room types and all-inclusive options. Hotels will be offering more of
these during the season to attract leisure travelers away from competition.
When to book: Many destinations will be in their shoulder season (the period
between peak and off seasons) during October and November, so travelers should
see some pretty deep discounts compared to summer in general. However, we
still anticipate the best deals will continue to be seen at the last minute.
We expect hoteliers to reduce prices closer to check in to fill rooms, so
travelers looking for an autumn getaway may have a better chance of finding
the best deals if they book seven or less days prior to their arrival.
Deal Markets: We pointed to mid-sized "sleeper" cities during the summer and
are seeing a similar trend this season as well. In fact, those who are
planning their stay in advance should consider neighborhoods outside of the
city center, if not just smaller cities overall, that offer similar
experiences when compared to a major metropolis. Currently, we're seeing
savings and flat pricing in a variety of destinations including Phoenix and
Montreal, as well as shoulder season beach locations like Mexico. However,
those willing to wait and book at the last minute should look to cities like
San Diego, Washington, D.C., Chicago and Palm Springs. We also have a few
international destinations on our radar, that deal-seekers should keep an eye
on including Puerto Vallarta, London, Edinburgh, Prague and Dublin.
Current Airfare Outlook for Fall Travel Season
Pricing: Domestic average ticket prices are currently up between four and five
percent vs. fall 2012.
What to expect: For fall – like summer – we are seeing airlines increase
capacity, which means the industry is adding more routes and/or planes to
increase the total number of seats available to travelers. This is great news
for travelers, as more seats means more options for fliers and increased
competition among airlines. As a result, this has been slowing the price hikes
we've witnessed over the past few years. However, it seems like airlines are
surgically targeting where they increase capacity, so some locales will have
better deals than others. We expect the overall trend to continue, and at the
moment we're seeing steeper discounts to west coast destinations, especially
to destinations like Los Angeles, Las Vegas and Vancouver.
When to book: Scoring the best deal on airfare can vary based on a number of
factors including the airline, destination and time of week in which one
purchases. The key is to keep a close eye on airfare prices, tracking their
movements. This might sound time consuming, but fortunately there are more
tools available these days, such as Hotwire's Tripwatcher.com, which can do
all this work and alert you the moment prices drop on your desired trip.
However, with airfare you must book quickly, as air deals don't stick around
for too long. Some other general rules to help you score the best fares
include booking on Monday or Tuesday and flying on Tuesday or Wednesday, as
planes are typically at their fullest for Thursday through Monday travel.
Deal Markets: As noted above, travelers should look to west coast destinations
for steep discounts this fall. For example, popular flight routes to Los
Angeles (LAX) are seeing drops as high as 26 percent. It's also a great time
to visit Las Vegas, as routes out of Philadelphia (PHL), Seattle (SEA) and
Detroit (DTW) are seeing 13 percent, 16 percent and 17 percent drops,
respectively. Additionally, the Canadian destinations of Toronto and Vancouver
are seeing drops of six and nine percent overall.
Current Car Rental Outlook for Fall Travel Season
Pricing: Car rental prices on Hotwire are currently up four percent vs. fall
What to expect: Compared to summer, car rental prices are down three percent,
but we expect prices will rise slightly over the next few months. The rising
prices are due to the continued trend of consolidation we've seen in the
industry causing there to be fewer rental vehicles available and less
competitive pricing. Unless there's a significant, unexpected shift in demand,
prices are expected to remain higher than last year. However, while overall
prices may increase, there are still some big destinations offering deals and
other incentives to ensure that you get the best possible value when booking.
When to book: If you're looking for a weekend getaway, you can typically find
the lowest rates by looking on a Tuesday for the weekend ahead. Also, be sure
to check out discount deals like Hotwire's Hot Rates because the best weekend
deals tend to be offered through sites like these. If you're looking for a
long term rental, for a full seven or 14 days, try to book on Mondays instead.
Just remember to always reserve the lowest retail rate you can find a few
weeks out, and then continue to search for better deals on discount sites like
Hotwire. If you find a better deal, just cancel the retail reservation for
free and snag the discounted rate instead.
Deal Markets: Currently, some of the larger price cuts for fall are in
Canadian destinations like Montreal (down 19 percent) and Toronto (down 17
percent), but some major domestic metropolises like New York (down 14 percent)
and Chicago (down 13 percent) are also seeing strong values.
Note: Average daily rates and all price comparisons reflect bookings across
star-categories (hotels) or vehicle classes (cars) made on Hotwire U.S. points
of sale between 8/25/13-9/25/13 for travel between 10/1/13-11/19/13. Airfare
pricing and capacity data is provided by Expedia, Inc. for bookings made the
past year for travel in fall. All insight and expectations are Hotwire's
opinions based on internal data and supplier information.
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tickets, hotel rooms, rental cars and vacation packages. Launched in 2000,
Hotwire, Inc. obtains deep discounts from its travel suppliers to help
travelers book unsold airline seats, hotel rooms and rental cars. Hotwire.com
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