Monday, October 27, 2014

The Myth of "The best day to buy cheap airline tickets"

Those so-called "experts" keep coming up with new ideas supported by dubious facts about what is the best day to buy tickets on the cheap.  Wednesday? That is so out.  Tuesday? That came after Wednesday, or was it before?  The latest claim by clueless reporters is Sunday!   Citing faulty airline data of average price per ticket and other factors, those "experts" are trying to handicap the airlines' complex pricing models.  The truth is that the best day to buy the cheapest ticket depends on so many complex factors that includes among other things: Seasonality, competition, capacity, shifting routes and schedules, frequency and so on.  Add to all that some irrational randomness in pricing followed by airlines matching each other, you have the rubik's cube of pricing that pundits and experts are trying to divine.  These articles published from time to time make for entertaining reading but are otherwise devoid from any facts.  In conclusion, the best day to buy a ticket is when you like the price. www.premieretravel.com

No comments:

Post a Comment