Here's the best time to book hotels for the holidays

While it may feel like summer was just yesterday, it’s October, meaning it’s almost Halloween, meaning it’s basically Thanksgiving and Christmas is around the corner.
According to TripAdvisor, it’s time to start thinking about booking your December holiday accommodations — and they have determined the ideal time to do this in order to save up to 20%.

The travel planning and booking site just released its “Best Time to Book” Holiday report, and found that booking US hotels for the December holidays and New Year’s Eve
in November brings the highest savings.

However, exactly when to book varies by global destination. TripAdvisor determined this data by analysing historical hotel booking and interest in nine popular regions around the world for the last two weeks of December.

Here’s the best time to book accommodation for December in nine world regions:

US — book in November (specifically Thanksgiving week)

US hotels during the holidays average $140 per night and pricing remains fairly steady from March until November when rates start to decline. During Thanksgiving week, travellers can save the greatest amount, 21% overall compared to early year peak pricing.

Europe — book in mid-November

European hotels average $102 for the holidays. Prices level out in March, and stay relatively consistent until they decline 5% in mid-November, offering approximately 15% in savings compared to the early year peak.

Asia — book after September

Hotels in Asia are a bargain at an average of $68 for the holidays, and decline gradually beginning in February to the end of December. Travellers that book after September to the end of the year can save 16% versus peak rates.

Caribbean — book anytime

Holiday rates remain consistent around the $243 average in the Caribbean, with prices slightly lower in summer, but varying by only a few per cent throughout the year.

Central America — book before August

After remaining flat for most of the year at an average of $115, prices gradually rise about 5% starting in late August through the end of the year.

Middle East — book in November

Average rates for the holiday weeks are $162 and prices remain relatively steady from May until November, when prices drop 17% versus the early year peak.

Africa — book in November.

Prices average $121 in Africa for the end of year holidays and fluctuate about 5% from late March until November when they start to decline steadily, from 10% less than the early year peak.

South America — book between September and December

Hotel rates drop about 10% from mid-July to September then remains steady around its $93 average until a final drop of another 5% for last minute bookers in mid-late December. Booking during this window can save 24-30% vs the early year peak.

South Pacific — book between mid-July and December

Hotels average $130 during the last two weeks of December and travellers can save in particular during the September and late November lows, about 10% vs the early year peak.

NOW WATCH: This Syrian refugee makes a special candy to remind him of home

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.