You might not think of holiday deals as being ‘daring’. But when you’re playing the waiting game and holding out in the hope of bagging that hotel or package holiday at a cut-price rate, you’ll certainly feel daring.
Here’s how it works. In the package holiday industry, tour operators bulk-buy flight seats and hotel rooms, package them together complete with coach transfer seats, and then sell it as a bundle to customers. The tour operators have obviously stuck their neck out and made an investment based on how many packages they think they will sell. If however any packages are still unsold by the time the departure date comes around, the tour operator will reduce the price to attract customers and sell them off – hoping to get back at least some of their pre-paid investment. So if you can bear to wait, it’s often worth holding out until the last few weeks.
If you go for the package option and book holidays online, you’ll have the advantage of being able to check the sites every day to see which holidays are still available. But of course the downside with any late deal is that availability could run out at any minute – depending on how many other people are looking at that very same holiday.
But not all low-cost breaks are late deals. For instance, cheap holiday deals at Direct Holidays are often available several months in advance. Some tour operators – especially the larger ones – will routinely advertise special offers on holidays departing in a year or more, as they try to secure your custom and make a good start to next summer’s campaign.
So whether you want to err on the side of caution and book far in advance, or try your luck by holding out for a late deal, there are a number of options available and a bargain getaway with your name on it.