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The hotels are cheaper when there is less demand for hotel rooms. Booking early means you get to enjoy the lowest hotel rates available.
Even though booking and inventory technologies has improved, hotels are really not smarter about how they manage their rooms on a nightly basis.
They let the rooms stay empty, rather then lower the room rate.
As Airbnb’s sky rocketing growth adds mounting pressure to hotels around the world, some day they will change.
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Hotels are fully booked during the summer time and holiday season and you might have to pay top dollars to get any decent room. If you plan on going for a weekend getaway, last minute booking could be the ideal choice.
Is it cheaper to get a hotel last minute?
Waiting till the last minute to score the best rates may work to your advantage, there are situations where it could cost you more.
This is particularly true during the peak holiday season where everyone is looking for the last room available.
Do hotel prices go down closer to the date?
Hotel Room rates can fluctuate as a hotel’s inventory is always changing. It’s simple supply and demand, the more customer’s booking rooms at a hotel, the more the hotel owners can charge.