We find that when you control for a large set of factors – the day-of-week of travel, whether the ti

Buy Your Air Tickets on Weekends for Best Deals: Texas A M Study Home About Fare Sales Hotel Deals Images Subscribe Buy Your Air Tickets on Weekends for Best Deals: Texas A M Study by Staff on February 12, 2013
There s been this industry folk wisdom that says Tuesdays and Wednesdays are the best days to purchase airline tickets, says Steven Puller, travel map for state of kentucky an associate professor of economics at Texas A M University who specializes in industrial travel map for state of kentucky organization. But we couldn t find any systematic analysis to back that up.
Instead, says Puller, the weekend is the best time to book airline tickets because travel map for state of kentucky airlines are more likely travel map for state of kentucky to offer fare discounts on Saturdays and Sundays. The first Southwest Airlines aircraft ever to operate to Atlanta touches down on February 12, 2012 at Hartsfield-Jackson Atlanta International travel map for state of kentucky Airport
In the study Price Discrimination By Day-Of-Week travel map for state of kentucky Of Purchase: Evidence From The U.S. Airline Industry , published in the Journal of Economic Behavior Organization , Puller travel map for state of kentucky and co-author Lisa Taylor, a former Texas A M graduate student, found that tickets purchased on weekends were on average 5 per cent cheaper than similar tickets purchased on weekdays.
We find that when you control for a large set of factors – the day-of-week of travel, whether the ticket was refundable, the number of days in advance that the ticket was purchased, how full the flights were, and other factors – that tickets purchased travel map for state of kentucky on the weekends were sold, on average, for a 5 per cent discount, notes Puller.
The study found that the weekend-purchase discount was greatest on routes with a mix of both business and leisure customers. Leisure destinations such as Orlando or Las Vegas do not see much of this type of discounting, according to Puller.
Price discrimination occurs when the same service is sold at different prices to different buyers: in this case, the prices is based on the day of the week that an airline ticket is purchased, as the airline tries to play the odds when deciding how to price flights.
Take a route that serves travel map for state of kentucky both business and leisure travelers, says Puller. If the business travelers travel map for state of kentucky primarily purchase tickets on weekdays, then the typical traveler buying on the weekend is more likely to be a price-sensitive leisure traveler than a business traveler. There is an incentive for the airlines to lower fares on the weekends to try to entice the price-sensitive leisure traveler to buy a ticket. travel map for state of kentucky A Southwest Airlines Boeing 737-700 taxis at Hartsfield-Jackson Atlanta International Airport
The researchers looked at a historical archive of tickets purchased on all major U.S. airlines. Puller says the study compared tickets with similar characteristics, rather than simply looking at the cheapest fare available.
If you re a traveler who just wants to get from point A to point B for the cheapest price possible, then these findings may not apply to you, says Puller. But many people do care about these factors.
The researchers only studied round-trip flights offering non-stop service. The study did not examine first-class airfares or the holiday travel map for state of kentucky travel periods around Thanksgiving, Christmas and New Year s Day.
The software systems travel map for state of kentucky that are used in airline pricing are used in other industries such as cruises, hotels, car rentals, notes Puller. We ve only analyzed airline pricing, but I wouldn t be surprised if similar travel map for state of kentucky pricing practices are used in these other industries as well.
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