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4 Travel Tips to Snag the Best Hotel Price

January 5th, 2014

Finding the best hotel price is on so many travelers’ minds these days.

According to the Tourico Holidays and Last Minute Travel Club Global Travel Trends Report, price (39%) is the most important decision factor when booking a hotel, followed by promotions (18%) and location (18%).

travel survey pie chart

The report also found that 57% of people book their hotels based on a price-related factor, and 75% have a hotel budget of $150 or less per night.

Are you one of these budget-conscious travelers? Knowing where and how to look online can greatly improve the odds of finding the best hotel rates available. Follow the below tips to find the best hotel bargains:

1. Be Flexible with Travel Dates

Hotel rates can vary based on time of year, day of the week and vacancy. If your calendar permits a bit of flexibility, try looking for hotels during slower, less popular seasons. Keep in mind that weekdays like Mondays and Tuesdays tend to be available more often at cheaper rates than Fridays or Saturdays. Note: This is not a hard-and-fast rule, but it seems to be the trend with most hotels.

2. Book by Price, Not Brand

The hotel brand no longer seems to matter to travelers. Only 4% cited it as the most important decision factor when booking a hotel.

If you are like the 75% of respondents who said price, promotions and location are the three most important deciding factors to booking, then you may want to consider shopping for an opaque hotel deal. While you won’t know what specific hotel you are staying in until it’s booked and paid for, you will get a lower price, and can compare locations and star-ratings.

3. Sign Up for Club Memberships

Travel club memberships, such as Last Minute Travel’s LMT Club, can save you a considerable amount of money. Most club memberships offer exclusive hotel rates and a discounted percentage off the original cost.

Just be cautious of travel clubs that are not attached to a reputable travel company. Do your homework, and research all club membership offers before signing up.

(Want to give it a try? Use the promo code TRAVELTRENDS for a free year’s membership to LMT Club (a $49 value), and start saving! Register here.)

4. Consider Package Deals

Even if you originally did not consider pairing a hotel with a flight or a rental car, some package deals offer better discounts than what you would get by booking them separately. Shop around and keep a calculated tab of what each option would cost.

Once you’ve compiled information from a few different package deals, compare and contrast. You may just find that you can save some money and not compromise quality.

To read the full Global Travel Trends Report that provides insights from more than 2,600 survey respondents on preferred vacation types, booking preferences, hotel selection criteria and more, click here.

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