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Are you a travel procrastinator? While it may only be April, it’s time to finalize where you’re traveling this summer. According to price-analysis data released by Hipmunk, the best time to book your summer travel is this week, April 23-29, if you want to save big. 

According to Hipmunk’s report, US travelers can save up to 12% on domestic travel for June, July and August if they book this week compared to those who wait until mid-June. Per the chart below, the average domestic flight will cost $279 this week, with prices increasing to $316 by mid-June. 

Overall, domestic airfare prices for summer travel are up 4% compared to last year. For holiday domestic travel, specifically Memorial Day and the Fourth of July, travelers can save up to 16% if they book now.  According to the data, 8% of all summer bookings are for the Fourth of July holiday. Hipmunk shows that by booking this week, you can save up to 14% on Independence Day airfare, and booking Memorial Day flights this week can save you up to 16%.  

Some international airfare is also cheaper to book now. Tickets to Singapore, for example, are 30% cheaper for summer 2018 than they were in 2017, and flights to Hamburg, Germany, are 25% lower. 

Hipmunk also recently introduced a new search functionality that has a mileage-earning feature so users can see how many miles they can expect to earn from a flight. Keep in mind: If you can’t book a summer flight this week, Hipmunk recommends following the general rule of booking your travel three weeks in advance to save up to 14%.

 Featured image of beach in Tahiti by levente bodo / Getty Images.

Capital One® Savor® Cash Rewards Credit Card

This cash back card has a focus on dining and entertainment where you can earn unlimited 4% cash back in those spending categories. You can also earn 2% cash back at grocery stores and 1% cash back on all other purchases.

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More Things to Know
  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
Intro APR on Purchases
N/A
Regular APR
16.24% - 25.24% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Balance Transfer Fee
$0
Recommended Credit
Excellent, Good

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.