Travel Tip of the Day: When to Buy Flights in 2016

When to Buy Flights in 2016
A recent report from Expedia and the Airlines Reporting Corporation (ARC) has shed some light on the year ahead and the flight booking patterns expected. Terabytes of flight data from more than 10 billion flights were analyzed, as, according to the report, "fare changes in a previous year often are good indicators for the year to come."

All in all, the findings suggest 2016 should be another good year for travel, especially as the US dollar holds strong against the Euro, etc. Among the takeaways, per Expedia's Viewfinder blog:

• "Economy air ticket prices declined roughly 8 percent between October 2014 and October 2015, and that the trend of decreasing prices should continue through the first few months of 2016"
• "Intra-Europe routes will be among the best bargains in 2016"
• The best time to buy airfare will be "roughly 57 days in advance" and "air ticket prices purchased around this point yield a 10 percent savings versus the average fare"
• "The best time to buy an economy ticket for another destination within Europe is 140 days in advance"
• Tuesday remains the optimum weekday to buy airfare, but "weekends provide an opportunity to find great deals, too"

You can read the full report here, and some more analysis here. Of course, I believe there's no single best time to buy airfare, a point that I spoke about at the New York Times Travel Show this past weekend. Check out my 17 ways to find cheap airfare here.

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