Friday, October 24, 2014

Don’t Be Fooled, The Cheapest Possible Day to Buy Airline Tickets Really Is…

If you’re looking for the cheapest day to buy tickets, you want to read How and When to Find the Cheapest Airfares.

What you don’t want to do is believe the ARC study that says Sundays are the cheapest day to buy airfare.

I was actually expecting that the Airlines Reporting Corporation, which has tons of real data to parse through, would actually offer a useful data-driven answer to “what’s the cheapest day to buy airline tickets” as though that were really a thing.

The problem is that their data set is actual ticket purchases and not airfares. So they’re capturing the average price of tickets purchased on a given day of the week, not the cheapest day to buy tickets.

The reason why there is a difference is because different kinds of tickets are purchased on different days of the week.

It’s really quite simple: very few price insensitive business traveler airfare purchases are made on the weekend. So the sample bias is that on the weekend you have a disproportionate number of price sensitive leisure ticket purchases, while business traveler ticket purchases show up more in the weekday data.

The Aviation Biz Blog shows the study’s airfare by day of week chart.

Here’s the average price of domestic ticket by day of the week purchased:

cheapest day to buy tickets airline airfare

Here’s Why The Data on the Cheapest Day to Buy Tickets is Misleading

Unsurprisingly, the volume of purchases and the average airfare is lower on Saturday and Sunday than it is during the business week. It isn’t that airlines are aggressively discounting on the weekends, when they have fewer revenue management staff working. And it isn’t the case that you will find lower ticket prices on the weekend.

Instead you will find that the people buying airfare on the weekend will be buying their tickets farther in advance, at times other than peak travel times, as roundtrips where fare rules require it (and with Saturday stays when fare rules require that). And the people purchasing tickets will disproportionately adjust their travel times to choose flights that cost less.

We see a very similar pattern for international airline ticket purchases as well.

Bottom-line is that while this data, that ARC is in a unique position to provide, is interesting — telling us what days of the week the cheaper tickets were purchased doesn’t tell us the cheapest day to buy tickets.

It only tells us when other price sensitive shoppers are buying.

You can join the 40,000+ people who see these deals and analysis every day — sign up to receive posts by email (just one e-mail per day) or subscribe to the RSS feed. It’s free. You can also follow me on Twitter for the latest deals. Don’t miss out!

The post Don’t Be Fooled, The Cheapest Possible Day to Buy Airline Tickets Really Is… appeared first on View from the Wing.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...